Central Pacific Financial Corp. (NYSE:CPF) Director Sells $63,327.00 in Stock

Central Pacific Financial Corp. (NYSE:CPF - Get Free Report) Director Agnes Catherine Ngo sold 3,333 shares of the firm's stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $19.00, for a total value of $63,327.00. Following the completion of the sale, the director now owns 85,356 shares of the company's stock, valued at $1,621,764. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, March 12th, Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock. The shares were sold at an average price of $19.32, for a total value of $64,393.56.
• On Monday, February 12th, Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock. The stock was sold at an average price of $19.45, for a total value of $64,826.85.

Central Pacific Financial Stock Down 0.7 %

CPF traded down $0.14 during midday trading on Friday, reaching $19.04. 275,438 shares of the company were exchanged, compared to its average volume of 172,177. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 0.86. The company's fifty day moving average price is $19.06 and its 200 day moving average price is $18.34. The company has a market cap of $515.03 million, a price-to-earnings ratio of 8.77 and a beta of 1.15. Central Pacific Financial Corp. has a one year low of $13.22 and a one year high of $22.00.

Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.07. The firm had revenue of $89.29 million during the quarter, compared to analyst estimates of $61.18 million. Central Pacific Financial had a return on equity of 12.23% and a net margin of 17.82%. During the same period in the previous year, the company posted $0.74 EPS. As a group, analysts expect that Central Pacific Financial Corp. will post 1.98 EPS for the current year.

Central Pacific Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.04 annualized dividend and a dividend yield of 5.46%. Central Pacific Financial's dividend payout ratio is currently 47.93%.

Wall Street Analyst Weigh In

Separately, Piper Sandler boosted their price objective on Central Pacific Financial from $22.00 to $24.00 and gave the stock an "overweight" rating in a report on Thursday, February 1st.

Institutional Investors Weigh In On Central Pacific Financial

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP raised its position in shares of Central Pacific Financial by 6.8% in the third quarter. GSA Capital Partners LLP now owns 11,180 shares of the financial services provider's stock worth $186,000 after buying an additional 709 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Central Pacific Financial by 5.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,410 shares of the financial services provider's stock worth $303,000 after buying an additional 735 shares in the last quarter. Sei Investments Co. raised its position in shares of Central Pacific Financial by 3.6% in the fourth quarter. Sei Investments Co. now owns 21,495 shares of the financial services provider's stock worth $423,000 after buying an additional 746 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Central Pacific Financial by 0.3% in the third quarter. AQR Capital Management LLC now owns 281,271 shares of the financial services provider's stock worth $4,692,000 after buying an additional 798 shares in the last quarter. Finally, Citigroup Inc. increased its stake in Central Pacific Financial by 3.0% in the first quarter. Citigroup Inc. now owns 27,767 shares of the financial services provider's stock valued at $775,000 after acquiring an additional 803 shares during the last quarter. Hedge funds and other institutional investors own 88.42% of the company's stock.

About Central Pacific Financial

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.