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

Key Points

• Agnes Catherine Ngo, a director at CPB, sold 3,333 shares of the company at an average price of $30.66, decreasing her stake by 5.22%, bringing her total ownership to 60,514 shares valued at approximately $1.86 million.
• CPB's stock has seen a trading decline of 1.3%, with its market capitalization currently at $823.73 million and a P/E ratio of 13.69.
• The company recently announced a quarterly dividend of $0.27 per share, yielding approximately 3.5%, which will be paid to investors of record on August 29th.

CPB Inc. (NYSE:CPF - Get Free Report) Director Agnes Catherine Ngo sold 3,333 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $30.66, for a total transaction of $102,189.78. Following the sale, the director directly owned 60,514 shares in the company, valued at approximately $1,855,359.24. This represents a 5.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, August 12th, Agnes Catherine Ngo sold 3,333 shares of CPB stock. The shares were sold at an average price of $27.87, for a total value of $92,890.71.
• 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.

CPB Trading Up 1.4%

NYSE CPF traded up $0.42 on Wednesday, reaching $30.42. The company had a trading volume of 174,037 shares, compared to its average volume of 146,775. CPB Inc. has a 52 week low of $23.16 and a 52 week high of $33.25. The stock's 50 day moving average is $29.06 and its 200-day moving average is $27.51. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market cap of $820.63 million, a price-to-earnings ratio of 13.64 and a beta of 1.11.

CPB (NYSE:CPF - Get Free Report) last posted its earnings results 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 company had revenue of $72.81 million for the quarter, compared to analyst estimates of $71.80 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Equities analysts predict that CPB Inc. will post 2.75 earnings per share for the current year.

CPB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, August 29th. CPB's dividend payout ratio (DPR) is currently 48.43%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler assumed coverage on shares of CPB in a research report on Thursday, August 21st. They issued an "overweight" rating and a $35.00 price objective for the company. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $35.00.

Institutional Trading of CPB

A number of institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP increased its stake in CPB by 114.1% in the 1st quarter. Quantbot Technologies LP now owns 4,027 shares of the financial services provider's stock valued at $109,000 after buying an additional 2,146 shares during the last quarter. CKW Financial Group increased its position in shares of CPB by 40.9% in the first quarter. CKW Financial Group now owns 4,022 shares of the financial services provider's stock valued at $109,000 after acquiring an additional 1,168 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in CPB by 369.4% during the second quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider's stock worth $114,000 after acquiring an additional 3,199 shares in the last quarter. CWM LLC boosted its position in CPB by 17.5% during the first quarter. CWM LLC now owns 4,285 shares of the financial services provider's stock valued at $116,000 after purchasing an additional 639 shares during the last quarter. Finally, Semanteon Capital Management LP bought a new position in CPB in the second quarter valued at approximately $231,000. Institutional investors own 88.42% of the company's stock.

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.