CPB (NYSE:CPF) Stock Passes Above 200 Day Moving Average - Should You Sell?

CPB Inc. (NYSE:CPF - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $27.49 and traded as high as $27.50. CPB shares last traded at $27.46, with a volume of 206,016 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of CPB from a "sell" rating to a "hold" rating in a research note on Thursday, March 20th.

CPB Price Performance

The company has a debt-to-equity ratio of 0.24, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $26.67 and a 200 day moving average price of $27.42. The company has a market capitalization of $750.04 million, a P/E ratio of 12.99 and a beta of 1.04.

CPB (NYSE:CPF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. CPB had a return on equity of 12.65% and a net margin of 16.76%. The firm had revenue of $68.80 million during the quarter, compared to the consensus estimate of $68.93 million. During the same period in the prior year, the business earned $0.48 EPS. On average, sell-side analysts forecast that CPB Inc. will post 2.75 EPS for the current fiscal year.

CPB Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Friday, May 30th were given a dividend of $0.27 per share. The ex-dividend date was Friday, May 30th. This represents a $1.08 annualized dividend and a dividend yield of 3.88%. CPB's dividend payout ratio is currently 50.47%.

Insider Buying and Selling

In other CPB news, Director Agnes Catherine Ngo sold 3,333 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $27.71, for a total value of $92,357.43. Following the completion of the transaction, the director now owns 72,922 shares in the company, valued at approximately $2,020,668.62. This represents a 4.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul K. Yonamine sold 2,765 shares of CPB stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $26.31, for a total value of $72,747.15. Following the sale, the director now directly owns 19,711 shares in the company, valued at approximately $518,596.41. This trade represents a 12.30% 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 valued at $255,062 in the last quarter. Company insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its holdings in shares of CPB by 48.7% during the fourth quarter. Jane Street Group LLC now owns 60,153 shares of the financial services provider's stock valued at $1,747,000 after purchasing an additional 19,690 shares during the period. Y Intercept Hong Kong Ltd bought a new position in CPB in the 4th quarter valued at about $413,000. Nuveen Asset Management LLC increased its stake in CPB by 3.3% during the 4th quarter. Nuveen Asset Management LLC now owns 421,317 shares of the financial services provider's stock valued at $12,239,000 after buying an additional 13,406 shares during the period. Raymond James Financial Inc. bought a new stake in shares of CPB during the 4th quarter worth about $1,712,000. Finally, Northern Trust Corp raised its position in shares of CPB by 4.5% during the 4th quarter. Northern Trust Corp now owns 352,982 shares of the financial services provider's stock worth $10,254,000 after buying an additional 15,243 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company's stock.

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.