Piper Sandler upgraded Central Pacific Financial from Neutral to Overweight and set a new price target of $23.00 from $19.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/6/2022 | Outperform → Mkt Perform | Raymond James | |
| 1/27/2022 | $31.00 → $30.00 | Buy → Neutral | Compass Point |
| 1/27/2022 | $29.00 → $33.00 | Outperform | Raymond James |
Highlights include: Net income of $13.3 million, or $0.49 per diluted share. Excluding $3.1 million in pre-tax expenses related to a strategic opportunity, adjusted net income (non-GAAP) was $15.7 million, or $0.58 per diluted share. Net interest margin of 3.07% increased by 10 bps from 2.97% in the previous quarter Total loans of $5.34 billion decreased by $41.0 million from the previous quarter Core deposits of $5.97 billion increased by $53.9 million from the previous quarter. Total deposits of $6.58 billion increased by $0.6 million from the previous quarter, which included a decrease in government time deposits of $69.1 million. Total risk-based capital and common equity tier
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its third quarter 2024 earnings on October 30, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on October 30, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through November 29, 2024 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website
Highlights include: Net income of $15.8 million, or $0.58 per diluted share, an increase of 22.2% compared to the $12.9 million earned in the previous quarter Net interest margin of 2.97% increased by 14 bps from 2.83% in the previous quarter Total loans of $5.38 billion decreased by $17.8 million from the previous quarter Core deposits of $5.91 billion increased by $16.7 million from the previous quarter. Total deposits of $6.58 billion decreased by $36.4 million from the previous quarter, which included a decrease in government time deposits of $41.6 million. Net charge-offs of $3.8 million decreased by $0.8 million from the previous quarter Total risk-based capital and
3 - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Issuer)
4 - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Issuer)
4 - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Issuer)
Raymond James downgraded Central Pacific Financial from Outperform to Mkt Perform
Compass Point downgraded Central Pacific Financial from Buy to Neutral and set a new price target of $30.00 from $31.00 previously
Raymond James reiterated coverage of Central Pacific Financial with a rating of Outperform and set a new price target of $33.00 from $29.00 previously
10-Q - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Filer)
8-K - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Filer)
8-K - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Filer)
Ralph Mesick, a veteran Hawaii banker with nearly 40 years of financial services experience, has joined Central Pacific Bank (CPB) as its Senior Executive Vice President and Chief Risk Officer, according to an announcement today by Arnold Martines, CPB chairman, president, and chief executive officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903419404/en/Ralph Mesick. Photo courtesy: Central Pacific Bank "We want to be sure we are prepared for the increase in regulatory oversight the banking industry is currently going through," said Martines. "Ralph will play a key role in helping us successfully manage the changing re
MAUI, Hawaii, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Maui Land & Pineapple Company, Inc. (NYSE:MLP) announced the appointment of two new Independent Directors to its Board, effective January 1, 2024: Catherine Ngo, a seasoned leader at the intersection of finance, technology, and law; and Maui native Ken Ota, a successful local entrepreneur with over 30 years of experience in the construction industry and water infrastructure. "Catherine and Ken embody esteemed leadership and we are honored to add them to our diverse slate of Directors. We look forward to their thoughtful guidance as we chart the course for a future of growth," said Race Randle, CEO of Maui Land & Pineapple Company. "Their e
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of Robert Nobriga as a member of its board of directors of both CPF and CPB, effective January 1, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231206335303/en/Robert Nobriga (Photo: Business Wire) "Rob Nobriga has nearly 30 years of experience in local financial services, providing him with a wealth of knowledge and a valuable perspective that he can bring to CPB," said Arnold Martines, President and CEO. "I look forward to working closely with him and the rest of our board members as we continue to f
SC 13G - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Subject)
SC 13G/A - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Subject)
SC 13G/A - CENTRAL PACIFIC FINANCIAL CORP (0000701347) (Subject)
Highlights include: Net income of $13.3 million, or $0.49 per diluted share. Excluding $3.1 million in pre-tax expenses related to a strategic opportunity, adjusted net income (non-GAAP) was $15.7 million, or $0.58 per diluted share. Net interest margin of 3.07% increased by 10 bps from 2.97% in the previous quarter Total loans of $5.34 billion decreased by $41.0 million from the previous quarter Core deposits of $5.97 billion increased by $53.9 million from the previous quarter. Total deposits of $6.58 billion increased by $0.6 million from the previous quarter, which included a decrease in government time deposits of $69.1 million. Total risk-based capital and common equity tier
Central Pacific Financial Corp. (NYSE:CPF), parent company of Central Pacific Bank, will release its third quarter 2024 earnings on October 30, 2024, before the open of the New York Stock Exchange. Management will review the results by conference call and live audio webcast beginning at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on October 30, 2024. Interested parties may listen to the conference by calling 1-800-715-9871 (conference ID: 6299769), or by listening to the webcast on the company's investor relations website at http://ir.cpb.bank. A replay of the call will be available through November 29, 2024 by dialing 1-800-770-2030 (conference ID: 6299769) and on the company's website
Ralph Mesick, a veteran Hawaii banker with nearly 40 years of financial services experience, has joined Central Pacific Bank (CPB) as its Senior Executive Vice President and Chief Risk Officer, according to an announcement today by Arnold Martines, CPB chairman, president, and chief executive officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903419404/en/Ralph Mesick. Photo courtesy: Central Pacific Bank "We want to be sure we are prepared for the increase in regulatory oversight the banking industry is currently going through," said Martines. "Ralph will play a key role in helping us successfully manage the changing re
Central Pacific Financial (NYSE:CPF) reported quarterly earnings of $0.48 per share which beat the analyst consensus estimate of $0.45 by 6.67 percent. The company reported quarterly sales of $50.187 million which missed the analyst consensus estimate of $50.230 million by 0.09 percent. This is a 7.40 percent decrease over sales of $54.196 million the same period last year.
Piper Sandler analyst Andrew Liesch maintains Central Pacific Financial (NYSE:CPF) with a Overweight and raises the price target from $22 to $24.
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