NYSE:CPF

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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. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


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

Stable Share Price: CPF is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: CPF's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

4.0%

CPF

6.0%

US Banks

2.8%

US Market


1 Year Return

-39.7%

CPF

-17.4%

US Banks

20.9%

US Market

Return vs Industry: CPF underperformed the US Banks industry which returned -17.3% over the past year.

Return vs Market: CPF underperformed the US Market which returned 20.7% over the past year.


Shareholder returns

CPFIndustryMarket
7 Day4.0%6.0%2.8%
30 Day27.3%23.6%11.1%
90 Day11.0%17.6%6.5%
1 Year-36.7%-39.7%-14.3%-17.4%23.6%20.9%
3 Year-39.0%-45.3%-3.9%-11.9%47.3%37.6%
5 Year-10.2%-23.2%35.9%18.9%94.3%72.9%

Long-Term 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 compared to its fair value and its price relative to the market?

32.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CPF ($17.52) is trading below our estimate of fair value ($25.83)

Significantly Below Fair Value: CPF is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CPF is poor value based on its PE Ratio (12.5x) compared to the US Banks industry average (11.4x).

PE vs Market: CPF is good value based on its PE Ratio (12.5x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

PEG Ratio: CPF is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: CPF's PB Ratio (0.9x) is in line with the US Banks industry average.


Next Steps

Future Growth

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

5.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CPF's forecast earnings growth (5.1% per year) is above the savings rate (2.2%).

Earnings vs Market: CPF's earnings (5.1% per year) are forecast to grow slower than the US market (22% per year).

High Growth Earnings: CPF's earnings are forecast to grow, but not significantly.

Revenue vs Market: CPF's revenue (0.4% per year) is forecast to grow slower than the US market (10.2% per year).

High Growth Revenue: CPF's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CPF's Return on Equity is forecast to be low in 3 years time (6.9%).


Next Steps

Past Performance

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

2.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CPF has high quality earnings.

Growing Profit Margin: CPF's current net profit margins (19.9%) are lower than last year (27.5%).


Past Earnings Growth Analysis

Earnings Trend: CPF's earnings have grown by 2.8% per year over the past 5 years.

Accelerating Growth: CPF's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CPF had negative earnings growth (-34.4%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).


Return on Equity

High ROE: CPF's Return on Equity (7.2%) is considered low.


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


Financial Institutions Analysis

Asset Level: CPF's Assets to Equity ratio (12.2x) is moderate.

Allowance for Bad Loans: CPF has a sufficient allowance for bad loans (617%).

Low Risk Liabilities: 93% of CPF's liabilities are made up of primarily low risk sources of funding.

Loan Level: CPF has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: CPF's Loans to Deposits ratio (87%) is appropriate.

Level of Bad Loans: CPF has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

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

5.25%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CPF's dividend (5.25%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: CPF's dividend (5.25%) is in the top 25% of dividend payers in the US market (4.08%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, CPF has been paying a dividend for less than 10 years.

Growing Dividend: CPF's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (65.8%), CPF's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: CPF's dividends in 3 years are forecast to be covered by earnings (66.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average management tenure


CEO

Paul Yonamine (63 yo)

2.08yrs

Tenure

US$2,472,090

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 was Non-Executive Chairman at GCA Corporation since October 01, 201...


CEO Compensation Analysis

Compensation vs Market: Paul's total compensation ($USD2.47M) is above average for companies of similar size in the US market ($USD1.79M).

Compensation vs Earnings: Paul's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Paul Yonamine
Chairman & CEO2.08yrsUS$2.47m0.079%
$ 390.3k
Anli Ngo
President & Director5.33yrsUS$1.16m0.55%
$ 2.7m
David Morimoto
Executive VP5.33yrsUS$733.00k0.090%
$ 444.8k
David Hudson
Executive Vice President of Retail Markets9.67yrsUS$477.33k0.11%
$ 554.8k
Arnold Martines
Group Executive Vice President of Revenue9.67yrsUS$681.83k0.073%
$ 360.9k
Lee Moriwaki
Executive VP & Chief Information Officer5.67yrsUS$484.91kno data
Glenn K. Ching
Executive VPno dataUS$550.70kno data
Kevin Dahlstrom
Executive VP & Chief Marketing Officer0.83yrno datano data
Patricia Foley
Executive VP of Human Resources & Division Manager6.42yrsno datano data
Blenn Fujimoto
Executive Vice President of Small Business & Wealth Markets18.83yrsUS$442.22k0.096%
$ 474.5k
Denis Isono
Executive VP of Corporate Services18.83yrsUS$461.57kno data
Anna Hu
Executive VP & Chief Credit Officer4.08yrsno datano data

6.4yrs

Average Tenure

61yo

Average Age

Experienced Management: CPF's management team is seasoned and experienced (6.4 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Paul Yonamine
Chairman & CEO2.08yrsUS$2.47m0.079%
$ 390.3k
Anli Ngo
President & Director5.33yrsUS$1.16m0.55%
$ 2.7m
Christopher Lutes
Independent Director2.83yrsUS$90.00k0.022%
$ 109.7k
Earl Fry
Independent Director15.83yrsUS$115.00k0.18%
$ 884.8k
Colbert Matsumoto
Independent Vice Chairman2.58yrsUS$120.00k0.037%
$ 183.5k
Duane Kurisu
Independent Director8.83yrsUS$105.00k0.078%
$ 384.0k
Paul Kosasa
Independent Director18.83yrsUS$101.25k0.21%
$ 1.0m
Crystal Rose
Lead Independent Director6.42yrsUS$113.75k0.097%
$ 481.3k
Wayne Kamitaki
Independent Director5.17yrsUS$107.50k0.0010%
$ 5.1k
Christine H. Camp
Independent Director16.83yrsUS$107.50k0.39%
$ 1.9m
Saedene Ota
Independent Director5.17yrsUS$105.00k0.0059%
$ 29.1k

5.3yrs

Average Tenure

62yo

Average Age

Experienced Board: CPF's board of directors are considered experienced (5.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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$493.710m
  • Shares outstanding: 28.18m
  • Website: https://ir.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 Analysis2020/11/29 00:27
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.