Central Pacific Financial Corp. (NYSE:CPF) Director Agnes Catherine Ngo Sells 3,333 Shares

Central Pacific Financial Corp. (NYSE:CPF - Get Free Report) Director Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $27.71, for a total transaction of $92,357.43. Following the completion of the sale, the director now owns 72,922 shares of the company's stock, valued at $2,020,668.62. This trade represents a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Central Pacific Financial Stock Performance

Shares of Central Pacific Financial stock traded down $0.14 on Friday, reaching $27.46. The stock had a trading volume of 101,592 shares, compared to its average volume of 204,400. The business's 50-day moving average price is $26.17 and its two-hundred day moving average price is $28.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. Central Pacific Financial Corp. has a fifty-two week low of $19.52 and a fifty-two week high of $33.25. The stock has a market cap of $740.73 million, a P/E ratio of 13.94 and a beta of 1.02.

Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its quarterly earnings data 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. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. The business had revenue of $68.80 million during the quarter, compared to analysts' expectations of $68.93 million. During the same period in the previous year, the company earned $0.48 earnings per share. On average, sell-side analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current year.

Central Pacific Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Friday, May 30th. Central Pacific Financial's payout ratio is 50.47%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Central Pacific Financial from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th.

Hedge Funds Weigh In On Central Pacific Financial

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Central Pacific Financial by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,124,330 shares of the financial services provider's stock valued at $61,712,000 after purchasing an additional 20,196 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Central Pacific Financial by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,004,487 shares of the financial services provider's stock worth $27,161,000 after purchasing an additional 5,648 shares in the last quarter. LSV Asset Management increased its position in shares of Central Pacific Financial by 10.1% during the 1st quarter. LSV Asset Management now owns 734,830 shares of the financial services provider's stock worth $19,870,000 after purchasing an additional 67,300 shares in the last quarter. American Century Companies Inc. increased its position in shares of Central Pacific Financial by 7.5% during the 1st quarter. American Century Companies Inc. now owns 708,931 shares of the financial services provider's stock worth $19,169,000 after purchasing an additional 49,449 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Central Pacific Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 644,390 shares of the financial services provider's stock worth $18,724,000 after purchasing an additional 4,021 shares in the last quarter. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Central Pacific Financial Company Profile

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.