Central Pacific Financial Corp. (CPF) is Initiated by Compass Point to Neutral, Price Target at $26

Central Pacific Financial Corp. (CPF) was Initiated by Compass Point to “Neutral” and the brokerage firm has set the Price Target at $26. Compass Point advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Central Pacific Financial Corp.. Piper Jaffray Initiated Central Pacific Financial Corp. on Jul 8, 2016 to “Neutral”, Price Target of the shares are set at $25.

On the company’s financial health, Central Pacific Financial Corp. reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.35.Analysts expectations of $ 50.33.During the same quarter in the previous year, the company posted $0.39 EPS.

Central Pacific Financial Corp. closed down -0.17 points or -0.67% at $25.13 with 1,43,250 shares getting traded on Monday. Post opening the session at $25.31, the shares hit an intraday low of $25.07 and an intraday high of $25.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Jul 28, 2016, Central Pacific Financial Corp. announced a cash dividend of $0.1600. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

In a different news, on Aug 4, 2016, Earl E Fry (director) purchased 2,200 shares at $24.57 per share price. According to the SEC, on Aug 4, 2016, Crystal Rose (director) purchased 2,400 shares at $24.53 per share price. On Aug 4, 2016, Christine H H Camp (director) purchased 2,100 shares at $24.56 per share price, according to the Form-4 filing with the securities and exchange commission.

Central Pacific Financial Corp. is a bank holding company. The Company’s principal business is to serve as a holding company for its bank subsidiary Central Pacific Bank (the bank). The Company operates through three segments. The Banking Operations segment includes construction and commercial real estate lending commercial lending residential mortgage lending consumer lending trust services retail brokerage services and the Company’s retail branch offices which provide a range of deposit and loan products as well as various other banking services. The Treasury segment is responsible for managing the Company’s investment securities portfolio and wholesale funding activities. The All Others segment includes activities such as electronic banking data processing and management of bank owned properties. The Company offers full service commercial banking with 36 bank branches and 110 automated teller machines (ATMs) located throughout the state of Hawaii.

Central Pacific Financial Corp.

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