Central Pacific Financial Corp. Buyback
OLI recorded this information on 6/20/2019
Company:
Central Pacific Financial Corp.
Buyback:
CPF buyback
$Amount Authorized:
$30,000,000
Buyback Details:
Central Pacific Financial Corp. (NYSE: CPF), (the "Company"), announced that its Board of Directors has authorized the repurchase of up to $30 million of its outstanding common stock under its share repurchase program (the "Repurchase Program"). This authorization will supersede the remaining repurchase authority under the prior repurchase program. The repurchases may be made from time to time, in the open market or privately negotiated transactions, as and when deemed appropriate by management and in accordance with applicable securities laws. The Repurchase Program may be suspended or terminated at any time.
Central Pacific Financial is a bank holding company. Through its bank and its subsidiaries, Co. provides a range of banking services and products to businesses, personnel and individuals. Co.'s business activities are focused primarily in Hawaii. Co. provides its customers with a range of loan products, including residential mortgage loans, commercial and consumer loans and lines of credit, commercial real estate loans and construction loans. Co. also provides range of deposit products and services including checking, savings and time deposits, cash management and digital banking services, trust services and retail brokerage services.
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Avg. Broker Rec.
 
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Buy (3.00 out of 4) 31st percentile
(ranked lower than approx. 69% of all stocks covered)
Analysts' Target Price: CPF Stock Forecast Based on Zacks ABR data; powered by Xignite |
