Central Pacific Financial Corp. (NYSE: CPF)’s stock price has dropped by -8.20 in relation to previous closing price of 29.15. Nevertheless, the company has seen a loss of -7.85% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that Central Pacific Financial Corp. (NYSE:CPF ) Q3 2024 Earnings Conference Call October 30, 2024 1:00 PM ET Company Participants Dayna Matsumoto – Group Senior Vice President, Director Finance & Accounting & Controller Arnold Martines – Chairman, President & Chief Executive Officer David Morimoto – Senior Executive Vice President & Chief Financial Officer Ralph Mesick – Senior Executive Vice President & Chief Risk Officer Conference Call Participants David Feaster – Raymond James Andrew Liesch – Piper Sandler Operator Good afternoon, ladies and gentlemen. Thank you for standing by and welcome to the Central Pacific Financial Corp. Third Quarter 2024 Conference Call.
Is It Worth Investing in Central Pacific Financial Corp. (NYSE: CPF) Right Now?
The price-to-earnings ratio for Central Pacific Financial Corp. (NYSE: CPF) is above average at 12.77x, Company’s 36-month beta value is 1.11.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CPF is 26.38M, and currently, short sellers hold a 2.65% ratio of that floaft. The average trading volume of CPF on October 31, 2024 was 230.07K shares.
CPF’s Market Performance
CPF’s stock has seen a -7.85% decrease for the week, with a -4.63% drop in the past month and a 3.64% gain in the past quarter. The volatility ratio for the week is 3.54%, and the volatility levels for the past 30 days are at 2.58% for Central Pacific Financial Corp. The simple moving average for the past 20 days is -6.82% for CPF’s stock, with a 18.37% simple moving average for the past 200 days.
Analysts’ Opinion of CPF
Compass Point, on the other hand, stated in their research note that they expect to see CPF reach a price target of $30, previously predicting the price at $31. The rating they have provided for CPF stocks is “Neutral” according to the report published on January 27th, 2022.
Raymond James gave a rating of “Outperform” to CPF, setting the target price at $29 in the report published on March 11th of the previous year.
CPF Trading at -4.73% from the 50-Day Moving Average
After a stumble in the market that brought CPF to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.68% of loss for the given period.
Volatility was left at 2.58%, however, over the last 30 days, the volatility rate increased by 3.54%, as shares sank -4.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.92% upper at present.
During the last 5 trading sessions, CPF fell by -7.85%, which changed the moving average for the period of 200-days by +42.26% in comparison to the 20-day moving average, which settled at $28.72. In addition, Central Pacific Financial Corp. saw 35.98% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CPF starting from Ngo Agnes Catherine, who sale 3,333 shares at the price of $22.67 back on Jul 12 ’24. After this action, Ngo Agnes Catherine now owns 75,357 shares of Central Pacific Financial Corp., valued at $75,556 using the latest closing price.
Ngo Agnes Catherine, the Director of Central Pacific Financial Corp., sale 3,333 shares at $20.21 during a trade that took place back on Jun 12 ’24, which means that Ngo Agnes Catherine is holding 78,690 shares at $67,360 based on the most recent closing price.
Stock Fundamentals for CPF
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 1.01 for the gross margin
The net margin for Central Pacific Financial Corp. stands at 0.19. The total capital return value is set at 0.01. Equity return is now at value 11.41, with 0.76 for asset returns.
Based on Central Pacific Financial Corp. (CPF), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.63. The debt to equity ratio resting at 0.31. The interest coverage ratio of the stock is 0.48.
Currently, EBITDA for the company is 46.66 million with net debt to EBITDA at -1.16. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 12.92for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.10.
Conclusion
In a nutshell, Central Pacific Financial Corp. (CPF) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
