Central Pacific Financial Corp.(NYSE:CPF) Declares Dividend of $0.1600.

Central Pacific Financial Corp. (NYSE:CPF) had declared a cash dividend of $0.1600 on Jul 28, 2016. The shares will quote ex-dividend on Aug 29, 2016 and the record date has been fixed for Aug 31, 2016. On Jul 28, 2016 share price, the yield comes out to be 2.6101%. The dividend payable date has been fixed on Sep 15, 2016.

In a different note, Piper Jaffray said it Initiates Coverage on Central Pacific Financial Corp., according to a research note issued on Jul 8, 2016. The shares have been rated ‘Neutral’ by the firm.

Central Pacific Financial Corp. (CPF) shares turned negative on Thursdays trading session with the shares closing down -0.06 points or -0.24% at a volume of 66,518. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.77. The peak price level was also seen at $24.77 while the days lowest was $24.53. Finally the shares closed at $24.57. The 52-week high of the shares is $24.98 while the 52-week low is $18.47. According to the latest information available, the market cap of the company is $763 M.

Central Pacific Financial Corp.(CPF) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $39.61M. Analysts had an estimated revenue of $43.49M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.35.

Several Insider Transactions has been reported to the SEC. On May 25, 2016, Lance A. Mizumoto (President & CBO) sold 17,662 shares at $23.50 per share price.Also, On Mar 7, 2016, David William Hudson (EVP) sold 16,667 shares at $21.00 per share price.On Feb 8, 2016, Colbert M Matsumoto (director) purchased 5,000 shares at $19.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Central Pacific Financial Corp. is a bank holding company. The Company’s principal business is to serve as a holding company for its bank subsidiary Central Pacific Bank (the bank). The Company operates through three segments. The Banking Operations segment includes construction and commercial real estate lending commercial lending residential mortgage lending consumer lending trust services retail brokerage services and the Company’s retail branch offices which provide a range of deposit and loan products as well as various other banking services. The Treasury segment is responsible for managing the Company’s investment securities portfolio and wholesale funding activities. The All Others segment includes activities such as electronic banking data processing and management of bank owned properties. The Company offers full service commercial banking with 36 bank branches and 110 automated teller machines (ATMs) located throughout the state of Hawaii.

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