Agnes Catherine Ngo Sells 3,333 Shares of CPB Inc. (NYSE:CPF) Stock

CPB Inc. (NYSE:CPF) Director Agnes Catherine Ngo sold 3,333 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $29.20, for a total transaction of $97,323.60. Following the completion of the sale, the director directly owned 68,792 shares of the company’s stock, valued at $2,008,726.40. This trade represents a 4.62% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Agnes Catherine Ngo also recently made the following trade(s):

• On Thursday, June 12th, Agnes Catherine Ngo sold 3,333 shares of CPB stock. The shares were sold at an average price of $26.99, for a total transaction of $89,957.67.
• On Monday, May 12th, Agnes Catherine Ngo sold 3,333 shares of CPB stock. The shares were sold at an average price of $27.71, for a total transaction of $92,357.43.

CPB Stock Down 4.4%

Shares of NYSE CPF opened at $28.09 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.24. CPB Inc. has a 12 month low of $23.16 and a 12 month high of $33.25. The firm has a market capitalization of $757.87 million, a PE ratio of 13.13 and a beta of 1.04. The firm has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $27.39.

CPB (NYSE:CPF) last released its earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $68.80 million for the quarter, compared to the consensus estimate of $68.93 million. CPB had a net margin of 16.76% and a return on equity of 12.65%. During the same period in the prior year, the firm earned $0.48 EPS. Equities analysts expect that CPB Inc. will post 2.75 earnings per share for the current year.

CPB Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Friday, May 30th. CPB’s dividend payout ratio (DPR) is 50.47%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of CPB from a “sell” rating to a “hold” rating in a report on Thursday, March 20th.

Institutional Trading of CPB

Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in shares of CPB by 7.5% in the fourth quarter. Victory Capital Management Inc. now owns 31,156 shares of the financial services provider’s stock worth $905,000 after buying an additional 2,183 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of CPB in the fourth quarter worth approximately $1,712,000. Amundi boosted its holdings in shares of CPB by 181.4% in the fourth quarter. Amundi now owns 13,616 shares of the financial services provider’s stock worth $374,000 after buying an additional 8,778 shares during the last quarter. Picton Mahoney Asset Management purchased a new position in shares of CPB in the fourth quarter worth approximately $30,000. Finally, Intech Investment Management LLC boosted its holdings in shares of CPB by 29.5% in the fourth quarter. Intech Investment Management LLC now owns 14,501 shares of the financial services provider’s stock worth $421,000 after buying an additional 3,300 shares during the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

About CPB

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.