CPB Inc. (NYSE:CPF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $27.39 and traded as high as $29.24. CPB shares last traded at $29.13, with a volume of 156,729 shares.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of CPB from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th.
Check Out Our Latest Stock Analysis on CPF
CPB Trading Up 1.1%
The company has a market cap of $785.93 million, a price-to-earnings ratio of 13.61 and a beta of 1.04. The business's fifty day moving average price is $26.83 and its 200 day moving average price is $27.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84.
CPB (NYSE:CPF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. CPB had a net margin of 16.76% and a return on equity of 12.65%. The business had revenue of $68.80 million for the quarter, compared to analysts' expectations of $68.93 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Research analysts anticipate that CPB Inc. will post 2.75 earnings per share for the current fiscal year.
CPB Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were issued a $0.27 dividend. The ex-dividend date was Friday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 3.71%. CPB's payout ratio is currently 50.47%.
Insider Buying and Selling
In other news, Director Paul K. Yonamine sold 2,765 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $26.31, for a total value of $72,747.15. Following the completion of the sale, the director directly owned 19,711 shares in the company, valued at $518,596.41. This trade represents a 12.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Agnes Catherine Ngo sold 3,333 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $27.71, for a total value of $92,357.43. Following the completion of the transaction, the director owned 72,922 shares in the company, valued at approximately $2,020,668.62. The trade was a 4.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,431 shares of company stock worth $255,062 over the last 90 days. Company insiders own 2.40% of the company's stock.
Institutional Trading of CPB
Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in CPB 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of CPB by 0.6% in 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 position in CPB by 10.1% during the first quarter. LSV Asset Management now owns 734,830 shares of the financial services provider's stock valued at $19,870,000 after buying an additional 67,300 shares during the period. American Century Companies Inc. increased its holdings in CPB by 7.5% during the first 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 boosted 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 valued at $18,724,000 after acquiring an additional 4,021 shares during the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.
About CPB
(
Get Free Report)
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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