Insider Selling: CPB Inc. (NYSE:CPF) Director Sells 3,333 Shares of 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 CPB stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $27.87, for a total value of $92,890.71. Following the transaction, the director owned 65,459 shares of the company's stock, valued at approximately $1,824,342.33. This represents a 4.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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 stock was 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 stock was sold at an average price of $26.99, for a total value of $89,957.67.

CPB Stock Performance

Shares of NYSE CPF traded down $0.63 during trading hours on Friday, reaching $28.08. The stock had a trading volume of 347,460 shares, compared to its average volume of 146,861. CPB Inc. has a fifty-two week low of $23.16 and a fifty-two week high of $33.25. The firm has a 50-day moving average of $27.71 and a 200-day moving average of $27.31. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. The firm has a market cap of $757.60 million, a price-to-earnings ratio of 12.59 and a beta of 1.07.

CPB (NYSE:CPF - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.03). CPB had a return on equity of 12.80% and a net margin of 17.31%. The business had revenue of $72.81 million for the quarter, compared to analyst estimates of $71.80 million. During the same quarter last year, the business earned $0.58 EPS. Equities research analysts predict that CPB Inc. will post 2.75 earnings per share for the current year.

CPB Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.8%. CPB's dividend payout ratio is presently 48.43%.

Hedge Funds Weigh In On CPB

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP increased its stake in shares of CPB by 114.1% in the first quarter. Quantbot Technologies LP now owns 4,027 shares of the financial services provider's stock worth $109,000 after acquiring an additional 2,146 shares during the last quarter. CKW Financial Group grew its holdings in CPB by 40.9% during the 1st quarter. CKW Financial Group now owns 4,022 shares of the financial services provider's stock worth $109,000 after acquiring an additional 1,168 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of CPB by 369.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider's stock valued at $114,000 after buying an additional 3,199 shares during the period. CWM LLC lifted its position in CPB by 17.5% in the 1st quarter. CWM LLC now owns 4,285 shares of the financial services provider's stock valued at $116,000 after acquiring an additional 639 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its position in CPB by 663.3% during the 4th quarter. Aquatic Capital Management LLC now owns 7,633 shares of the financial services provider's stock worth $222,000 after buying an additional 6,633 shares in the last quarter. 88.42% of the stock is currently owned by institutional investors and hedge funds.

CPB 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.