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

CPB Inc. (NYSE:CPF - Get Free Report) Director Agnes Catherine Ngo sold 3,333 shares of the firm's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $29.20, for a total value of $97,323.60. Following the transaction, the director owned 68,792 shares of the company's stock, valued at approximately $2,008,726.40. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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 Trading Up 1.2%

NYSE CPF traded up $0.36 during mid-day trading on Monday, hitting $29.32. The company's stock had a trading volume of 88,415 shares, compared to its average volume of 179,415. The stock's fifty day simple moving average is $27.30 and its two-hundred day simple moving average is $27.38. CPB Inc. has a 52-week low of $22.86 and a 52-week high of $33.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $790.88 million, a P/E ratio of 13.70 and a beta of 1.04.

CPB (NYSE:CPF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The business had revenue of $68.80 million during the quarter, compared to analyst estimates of $68.93 million. CPB had a net margin of 16.76% and a return on equity of 12.65%. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Research analysts expect that CPB Inc. will post 2.75 EPS for the current year.

CPB Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.68%. CPB's payout ratio is currently 50.47%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On CPB

Several institutional investors and hedge funds have recently bought and sold shares of CPF. Victory Capital Management Inc. boosted its position in shares of CPB by 7.5% during the 4th quarter. Victory Capital Management Inc. now owns 31,156 shares of the financial services provider's stock valued at $905,000 after purchasing an additional 2,183 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of CPB in the fourth quarter worth approximately $1,712,000. Amundi increased its holdings in 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 bought a new position in shares of CPB during the 4th quarter valued at $30,000. Finally, Intech Investment Management LLC raised its stake in shares of CPB by 29.5% in the 4th quarter. Intech Investment Management LLC now owns 14,501 shares of the financial services provider's stock valued at $421,000 after acquiring an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company's stock.

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.

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