Central Pacific Financial Corp. (NYSE:CPF) Director Sells $72,747.15 in Stock

Central Pacific Financial Corp. (NYSE:CPF - Get Free Report) Director Paul K. Yonamine sold 2,765 shares of Central Pacific Financial stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $26.31, for a total value of $72,747.15. Following the completion of the transaction, the director now directly owns 19,711 shares in the company, valued at $518,596.41. This represents a 12.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Central Pacific Financial Stock Up 1.1%

Central Pacific Financial stock traded up $0.30 during midday trading on Monday, hitting $27.02. 176,913 shares of the company were exchanged, compared to its average volume of 206,410. The company's fifty day moving average price is $26.04 and its 200-day moving average price is $27.87. The company has a market cap of $728.89 million, a PE ratio of 13.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a fifty-two week low of $19.56 and a fifty-two week high of $33.25.

Central Pacific Financial (NYSE:CPF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $68.80 million for the quarter, compared to analyst estimates of $68.93 million. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. During the same period in the previous year, the company posted $0.48 EPS. On average, research analysts predict that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, May 30th. Central Pacific Financial's payout ratio is 50.47%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Central Pacific Financial from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

Hedge Funds Weigh In On Central Pacific Financial

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Central Pacific Financial by 1.0% in 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 buying an additional 5,648 shares during the last quarter. LSV Asset Management grew its stake in 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 buying an additional 67,300 shares during the last quarter. American Century Companies Inc. grew its stake in 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 buying an additional 49,449 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in 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 buying an additional 4,021 shares during the last quarter. 88.42% of the stock is 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.