$29.54 -$0.05 (-0.2%)

09:30 AM EST on 11/14/19

Central Pacific Financial Corp. (NYSE:CPF)

CAPS Rating: 3 out of 5

Principal business is to serve as a holding company for its bank subsidiary, Central Pacific Bank, a full-service community bank offering a range of banking products and services including accepting time and demand deposits and originating loans.

Current Price $29.54 Mkt Cap $839.7M
Open $29.54 P/E Ratio 14.17
Prev. Close $29.59 Div. (Yield) $0.88 (3.0%)
Daily Range $29.54 - $29.54 Volume 277
52-Wk Range $24.02 - $30.80 Avg. Daily Vol. 116,796

Caps

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All Players

80 Outperform
31 Underperform
 

All-Star Players

15 Outperform
7 Underperform
 

Wall Street

1 Outperform
0 Underperform
 

Top NYSE:CPF Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

XONOFF999 (< 20)
Submitted September 02, 2008

::::$$$%%%&&&

blades1013 (< 20)
Submitted March 07, 2011

What you cannot lose sight of is the fact that a massive amount of stock has been sold at $10, and that is the fair price of the stock as established by sophisticated investors and the company's board who have a fiduciary duty to sell at a fair… More

Recent Community Commentary

Read the most recent pitches from players about CPF.

Recs

0
Member Avatar InvestRight (78.85) Submitted: 7/13/2017 7:35:16 PM : Outperform Start Price: $28.83 NYSE:CPF Score: -23.76

One of four banks in Hawaii, it doesn't have much competition and has prospects for growth.

Recs

0
Member Avatar KimLanners (< 20) Submitted: 4/13/2011 12:56:55 PM : Underperform Start Price: $12.90 NYSE:CPF Score: +6.21

technicals look so bad I gotta short this!

Recs

2
Member Avatar blades1013 (< 20) Submitted: 3/7/2011 3:23:08 PM : Underperform Start Price: $16.99 NYSE:CPF Score: +60.53

What you cannot lose sight of is the fact that a massive amount of stock has been sold at $10, and that is the fair price of the stock as established by sophisticated investors and the company's board who have a fiduciary duty to sell at a fair price. Even more importantly, the company's economics don't come close to justifying the current price. Put simply, book value is about $400M, and there are roughly 40,000,000 shares outstanding. Banks ussually trade around book value, so $10 can be considered a fair price,and $19 is way out of whack.

People may be confused by the reverse split. Also, they may be confused by the fact that Yahoo shows 1.5M shares outstanding, but the correct number is roughly 40M as shown by the company's own website. Also, may be confused by insider purchases, which websites seem to be picking up incorrectly, insiders and investors purchased at the $10 price in a private placement.

I will be upfront about the fact that I have shorted the stock, because of the discrepancy between the market price and this price. I am posting to make sure everyone here realizes this and does not make irrational bets with their hard-earned money. The price will return to reality; see the company's own warning about this below. If you like the company (and some smart investors have invested at the $10 price), I would sell now and buy back in at a reasonable price.

From the comany's S-1:

If the Private Placement and the TARP Exchange are completed, our existing shareholders’ interests will be substantially diluted and the market price of our common stock may decrease to a level at or below the purchase price in the Private Placement.

As described above, we expect to complete the Private Placement and the TARP Exchange, assuming the satisfaction of the remaining conditions. Because a large number of common shares is contemplated to be issued in the Private Placement and the TARP Exchange at a price that is significantly less than the recent trading price of our common shares, the ownership interest of existing shareholders and our earnings per share will be substantially diluted and the market price of our common stock may decrease to a level at or below the purchase price in the Private Placement.

Leaderboard

Find the members with the highest scoring picks in CPF.

Score Leader

cjmath

cjmath (28.50) Score: +395.27

The Score Leader is the player with the highest score across all their picks in CPF.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
cjmath 28.50 3/12/2009 Underperform NS $75.61 -60.86% +319.04% +379.90 0 Comment
MedullaOblongata 70.31 12/2/2008 5/26/2010 Underperform 5Y $181.15 -83.67% +279.94% +363.61 0 Comment
qubit15 22.55 1/21/2009 Underperform NS $101.95 -70.98% +286.02% +357.00 0 Comment
athittle < 20 1/21/2009 Underperform 5Y $101.09 -70.73% +285.08% +355.81 0 Comment
BlueInsight < 20 10/16/2008 Underperform 5Y $263.74 -88.78% +246.34% +335.12 0 Comment
Collin757 < 20 5/4/2009 Underperform NS $102.80 -71.22% +252.64% +323.85 0 Comment
TonyMas 55.60 5/6/2009 Underperform 5Y $133.76 -77.88% +240.59% +318.47 0 Comment
donyao1 99.81 10/30/2008 Underperform 5Y $240.50 -87.70% +230.03% +317.73 0 Comment
StockBling 76.69 9/24/2008 Underperform 3M $327.68 -90.97% +168.24% +259.21 0 Comment
DnGoFnBk 98.34 9/26/2008 Underperform NS $285.11 -89.62% +163.42% +253.05 0 Comment

Wall Street

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There are no Wall Street tracker picks for CPF.