Central Pacific Financial (NYSE:CPF) Stock Rating Upgraded by StockNews.com

Central Pacific Financial (NYSE:CPF) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Central Pacific Financial Price Performance

Shares of NYSE:CPF opened at $29.40 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a market cap of $795.86 million, a P/E ratio of 14.92 and a beta of 1.19. Central Pacific Financial has a 52 week low of $18.00 and a 52 week high of $33.25. The company has a 50-day moving average price of $29.05 and a 200 day moving average price of $28.56.

Central Pacific Financial (NYSE:CPF) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. Research analysts predict that Central Pacific Financial will post 2.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CPF. Picton Mahoney Asset Management acquired a new position in shares of Central Pacific Financial during the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Central Pacific Financial during the 4th quarter worth approximately $31,000. nVerses Capital LLC acquired a new position in shares of Central Pacific Financial during the 3rd quarter worth approximately $50,000. Quarry LP acquired a new position in shares of Central Pacific Financial during the 3rd quarter worth approximately $53,000. Finally, Quantbot Technologies LP acquired a new position in shares of Central Pacific Financial during the 4th quarter worth approximately $55,000. 88.42% of the stock is owned by hedge funds and other institutional investors.

Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.