Central Pacific Financial Corp. (NYSE:CPF - Get Free Report) Director Agnes Catherine Ngo sold 3,333 shares of the company's stock in a transaction dated Friday, April 12th. The stock was 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 in the company, valued at approximately $1,621,764. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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 Trading Down 0.7 %
CPF stock opened at $19.04 on Friday. Central Pacific Financial Corp. has a 52-week low of $13.22 and a 52-week high of $22.00. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.31. The firm has a market cap of $515.03 million, a P/E ratio of 8.77 and a beta of 1.15. The company's 50-day simple moving average is $19.06 and its 200-day simple moving average is $18.34.
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Central Pacific Financial (NYSE:CPF - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.07. Central Pacific Financial had a return on equity of 12.23% and a net margin of 17.82%. The company had revenue of $89.29 million during the quarter, compared to analysts' expectations of $61.18 million. During the same quarter in the prior year, the firm posted $0.74 EPS. As a group, equities analysts forecast that Central Pacific Financial Corp. will post 1.98 EPS for the current fiscal year.
Central Pacific Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.46%. Central Pacific Financial's dividend payout ratio (DPR) is 47.93%.
Analyst Upgrades and Downgrades
Separately, Piper Sandler boosted their target price on shares of Central Pacific Financial from $22.00 to $24.00 and gave the company an "overweight" rating in a research note on Thursday, February 1st.
View Our Latest Stock Analysis on CPF
Institutional Investors Weigh In On Central Pacific Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in CPF. Charles Schwab Investment Management Inc. grew its position in shares of Central Pacific Financial by 121.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 747,539 shares of the financial services provider's stock valued at $13,381,000 after purchasing an additional 409,320 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Central Pacific Financial by 2,830.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 421,059 shares of the financial services provider's stock valued at $11,748,000 after buying an additional 406,690 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Central Pacific Financial by 64.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 753,236 shares of the financial services provider's stock worth $21,015,000 after buying an additional 295,134 shares during the last quarter. Wellington Management Group LLP increased its stake in Central Pacific Financial by 79.0% during the 3rd quarter. Wellington Management Group LLP now owns 648,310 shares of the financial services provider's stock worth $10,814,000 after buying an additional 286,110 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of Central Pacific Financial by 132.7% during the second quarter. Millennium Management LLC now owns 358,180 shares of the financial services provider's stock valued at $7,683,000 after acquiring an additional 204,284 shares during the last quarter. Hedge funds and other institutional investors own 88.42% of the company's stock.
About Central Pacific Financial
(
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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