NYSE:CPF

Stock Analysis Report

Central Pacific Financial

Executive Summary

Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United States.

Snowflake

Fundamentals

Flawless balance sheet with acceptable track record.


Similar Companies

Share Price & News

How has Central Pacific Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

NYSE:CPF

3.3%

US Banks

2.1%

US Market


1 Year Return

-2.7%

NYSE:CPF

-13.8%

US Banks

-0.04%

US Market

CPF outperformed the Banks industry which returned -14.8% over the past year.

CPF underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

CPFIndustryMarket
7 Day1.6%3.3%2.1%
30 Day-5.7%-7.0%-3.2%
90 Day-1.8%-2.3%2.8%
1 Year0.3%-2.7%-11.3%-13.8%2.2%-0.04%
3 Year21.9%12.7%42.5%32.7%41.5%32.3%
5 Year85.7%62.6%54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is Central Pacific Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Central Pacific Financial undervalued based on future cash flows and its price relative to the stock market?

13.54x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Central Pacific Financial's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Central Pacific Financial's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Central Pacific Financial is overvalued based on earnings compared to the US Banks industry average.

Central Pacific Financial is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Central Pacific Financial earnings are not expected to grow next year, we can't assess if its growth is good value.


Price Based on Value of Assets

Central Pacific Financial is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Central Pacific Financial expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

-4.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Central Pacific Financial's revenue is expected to grow by 3.7% yearly, however this is not considered high growth (20% yearly).

Central Pacific Financial's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Central Pacific Financial's revenue growth is positive but not above the United States of America market average.

Central Pacific Financial's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.

Central Pacific Financial's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Central Pacific Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Central Pacific Financial performed over the past 5 years?

6.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Central Pacific Financial's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.

Central Pacific Financial's 1-year earnings growth exceeds its 5-year average (35.8% vs 6.6%)

Central Pacific Financial's earnings growth has exceeded the US Banks industry average in the past year (35.8% vs 33.2%).


Return on Equity

Central Pacific Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Central Pacific Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Central Pacific Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Central Pacific Financial's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Central Pacific Financial has an acceptable proportion of non-loan assets held.

Central Pacific Financial has a sufficient allowance for bad loans.

Central Pacific Financial's liabilities are made up of primarily low risk sources of funding.

Central Pacific Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Central Pacific Financial are broadly funded by customer deposits.

Central Pacific Financial has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Central Pacific Financial's current dividend yield, its reliability and sustainability?

3.23%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Central Pacific Financial before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Central Pacific Financial's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Central Pacific Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.4x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Central Pacific Financial's salary, the management and board of directors tenure and is there insider trading?

5.2yrs

Average management tenure


CEO

Paul Yonamine (62yo)

0.8yrs

Tenure

US$376,602

Compensation

Mr. Paul K. Yonamine, C.P.A., serves as Chairman and Chief Executive Officer of Central Pacific Financial Corp. since October 1, 2018. He is Non-Executive Chairman at GCA Corporation since October 01, 2018 ...


CEO Compensation Analysis

Paul's remuneration is lower than average for companies of similar size in United States of America.

Paul's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

5.2yrs

Average Tenure

60yo

Average Age

The average tenure for the Central Pacific Financial management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

4.0yrs

Average Tenure

61.5yo

Average Age

The tenure for the Central Pacific Financial board of directors is about average.


Insider Trading

More shares have been bought than sold by Central Pacific Financial individual insiders in the past 3 months.


Recent Insider Transactions

BuyUS$253,50830 Jul 19
Anli Ngo
EntityIndividual
Role
Member of the Board of Directors
President & Director
Shares8,550
Max PriceUS$29.65
BuyUS$255,79130 Jul 19
Paul Yonamine
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares8,627
Max PriceUS$29.65
BuyUS$48,33811 Jun 19
Duane Kurisu
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,700
Max PriceUS$28.55
BuyUS$99,50911 Jun 19
Saedene Ota
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,500
Max PriceUS$28.55
BuyUS$28,33311 Jun 19
Wayne Kamitaki
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,000
Max PriceUS$28.33
BuyUS$22,83811 Jun 19
Wayne Kamitaki
EntityIndividual
Role
Member of the Board of Directors
Director
Shares800
Max PriceUS$28.55
BuyUS$54,02611 Jun 19
Earl Fry
EntityIndividual
Role
Member of the Board of Directors
Director
Shares1,900
Max PriceUS$28.55
BuyUS$56,85911 Jun 19
Colbert Matsumoto
EntityIndividual
Role
Vice Chairman
Vice Chairman
Shares2,000
Max PriceUS$28.55
BuyUS$51,17111 Jun 19
Christine H. H. Friedman
EntityIndividual
Shares1,800
Max PriceUS$28.55
BuyUS$54,02611 Jun 19
Crystal Rose
EntityIndividual
Shares1,900
Max PriceUS$28.55
SellUS$1,078,89625 Apr 19
John Dean
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus
Shares35,400
Max PriceUS$30.78
SellUS$300,43413 Apr 19
John Dean
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus
Shares10,000
Max PriceUS$30.12
SellUS$143,75016 Mar 19
John Dean
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus
Shares5,000
Max PriceUS$28.75
SellUS$822 Feb 19
Arnold Martines
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Commercial Markets
Shares0.26
Max PriceUS$29.86
SellUS$48,00020 Feb 19
Blenn Fujimoto
EntityIndividual
Role
Senior Key Executive
Executive VP of Consumer Lending & Wealth Management
Shares1,600
Max PriceUS$30.00
SellUS$74,07019 Feb 19
John Dean
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus
Shares2,469
Max PriceUS$30.00
SellUS$224,68015 Feb 19
John Dean
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus
Shares7,531
Max PriceUS$30.00
SellUS$147,67013 Feb 19
John Dean
EntityIndividual
Role
Chairman Emeritus
Chairman Emeritus
Shares5,000
Max PriceUS$29.60

Ownership Breakdown


Management Team

  • Agnes Catherine Ngo (58yo)

    President & Director

    • Tenure: 4.1yrs
    • Compensation: US$1.07m
  • Blenn Fujimoto (60yo)

    Executive VP of Consumer Lending & Wealth Management

    • Tenure: 17.6yrs
    • Compensation: US$442.22k
  • Glenn K. Ching (60yo)

    Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$550.70k
  • David Morimoto (51yo)

    Executive VP

    • Tenure: 4.1yrs
    • Compensation: US$623.86k
  • Paul Yonamine (62yo)

    Chairman & CEO

    • Tenure: 0.8yrs
    • Compensation: US$376.60k
  • Lee Moriwaki (60yo)

    Executive VP & Chief Information Officer

    • Tenure: 4.5yrs
    • Compensation: US$484.91k
  • Wayne Kirihara (64yo)

    Executive VP & Chief Marketing Officer

    • Tenure: 5.2yrs
  • David Hudson (60yo)

    Executive Vice President of Community Banking

    • Tenure: 8.4yrs
    • Compensation: US$463.09k
  • Arnold Martines (54yo)

    Executive Vice President of Commercial Markets

    • Tenure: 8.4yrs
    • Compensation: US$460.16k
  • Patty Foley (60yo)

    Executive VP of Human Resources & Division Manager

    • Tenure: 5.2yrs

Board Members

  • John Dean (71yo)

    Chairman Emeritus

    • Tenure: 0.8yrs
    • Compensation: US$266.32k
  • Agnes Catherine Ngo (58yo)

    President & Director

    • Tenure: 4.1yrs
    • Compensation: US$1.07m
  • Earl Fry (60yo)

    Director

    • Tenure: 14.6yrs
    • Compensation: US$115.00k
  • Colbert Matsumoto (66yo)

    Vice Chairman

    • Tenure: 1.3yrs
    • Compensation: US$120.00k
  • Duane Kurisu (65yo)

    Director

    • Tenure: 7.6yrs
    • Compensation: US$105.00k
  • Paul Kosasa (61yo)

    Director

    • Tenure: 17.6yrs
    • Compensation: US$90.00k
  • Paul Yonamine (62yo)

    Chairman & CEO

    • Tenure: 0.8yrs
    • Compensation: US$376.60k
  • Wayne Kamitaki (67yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: US$107.50k
  • Christine H. Camp (52yo)

    Director

    • Tenure: 15.6yrs
    • Compensation: US$107.50k
  • Saedene Ota (50yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: US$105.00k

Company Information

Central Pacific Financial Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Central Pacific Financial Corp.
  • Ticker: CPF
  • Exchange: NYSE
  • Founded: 1954
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$809.867m
  • Shares outstanding: 28.56m
  • Website: https://www.centralpacificbank.com

Number of Employees


Location

  • Central Pacific Financial Corp.
  • 220 South King Street
  • Honolulu
  • Hawaii
  • 96813
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CPFNYSE (New York Stock Exchange)YesCommon StockUSUSDJul 1984
XCP1DB (Deutsche Boerse AG)YesCommon StockDEEURJul 1984

Biography

Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in the United S ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:45
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.