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

Key Points

• Agnes Catherine Ngo sold 3,333 shares of CPB Inc. stock for a total value of $92,890.71, marking a 4.85% decrease in her position.
• CPB's stock recently traded up 3.9%, reaching $28.10, while the company has a market cap of $758.14 million and reported a PE ratio of 12.60.
• The company declared a quarterly dividend of $0.27 per share, equating to an annualized dividend of $1.08 and a yield of 3.8%.

CPB Inc. (NYSE:CPF - Get Free Report) Director Agnes Catherine Ngo sold 3,333 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $27.87, for a total value of $92,890.71. Following the completion of the sale, the director directly owned 65,459 shares of the company's stock, valued at approximately $1,824,342.33. This represents a 4.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, July 14th, Agnes Catherine Ngo sold 3,333 shares of CPB stock. The shares were sold at an average price of $29.20, for a total value of $97,323.60.
• 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 value of $89,957.67.

CPB Trading Up 3.9%

Shares of CPB stock traded up $1.05 during midday trading on Tuesday, reaching $28.10. 141,461 shares of the company's stock traded hands, compared to its average volume of 173,375. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $758.14 million, a PE ratio of 12.60 and a beta of 1.07. The stock has a 50 day moving average of $27.55 and a 200-day moving average of $27.31. CPB Inc. has a 12 month low of $23.16 and a 12 month high of $33.25.

CPB (NYSE:CPF - Get Free Report) last announced its earnings results on Friday, July 25th. The financial services provider reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.03). The business had revenue of $72.81 million for the quarter, compared to the consensus estimate of $71.80 million. CPB had a net margin of 17.31% and a return on equity of 12.80%. During the same quarter in the prior year, the company earned $0.58 EPS. As a group, equities analysts expect that CPB Inc. will post 2.75 EPS for the current fiscal year.

CPB Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 3.8%. CPB's payout ratio is 48.43%.

Institutional Investors Weigh In On CPB

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPF. Geode Capital Management LLC grew its stake in CPB by 0.6% in the fourth 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 during the period. Wells Fargo & Company MN grew its stake in CPB by 29.1% in the fourth quarter. Wells Fargo & Company MN now owns 15,850 shares of the financial services provider's stock worth $460,000 after purchasing an additional 3,574 shares during the period. Russell Investments Group Ltd. grew its stake in CPB by 1,268.5% in the fourth quarter. Russell Investments Group Ltd. now owns 56,261 shares of the financial services provider's stock worth $1,634,000 after purchasing an additional 52,150 shares during the period. Renaissance Technologies LLC grew its stake in CPB by 11.6% in the fourth quarter. Renaissance Technologies LLC now owns 637,053 shares of the financial services provider's stock worth $18,506,000 after purchasing an additional 66,053 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in CPB in the fourth quarter worth $1,712,000. 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.

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