CPB Inc. (CPF) Director Buys $55,498.40 in Stock
CPB Inc. (NYSE:CPF) Director Earl E. Fry bought 1,730 shares of CPB stock in a transaction that occurred on Tuesday, June 13th. The stock was bought at an average cost of $32.08 per share, with a total value of $55,498.40. Following the completion of the purchase, the director now owns 251 shares in the company, valued at approximately $8,052.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of CPB Inc. (NYSE:CPF) traded down 0.28% during midday trading on Wednesday, reaching $32.01. 94,089 shares of the company’s stock traded hands. The stock has a 50 day moving average of $31.23 and a 200-day moving average of $30.93. The stock has a market cap of $980.63 million, a P/E ratio of 20.39 and a beta of 1.19. CPB Inc. has a 12 month low of $21.88 and a 12 month high of $33.55.
CPB (NYSE:CPF) last posted its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.02. CPB had a net margin of 22.58% and a return on equity of 9.52%. The company had revenue of $51.27 million during the quarter, compared to analyst estimates of $51.10 million. During the same period in the prior year, the business posted $0.35 EPS. On average, equities research analysts forecast that CPB Inc. will post $1.64 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a dividend of $0.18 per share. This is a positive change from CPB’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Friday, May 26th. CPB’s dividend payout ratio is currently 45.86%.
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Large investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in CPB by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 3,400 shares of the financial services provider’s stock worth $103,000 after buying an additional 50 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in CPB by 11.2% in the first quarter. BNP Paribas Arbitrage SA now owns 6,233 shares of the financial services provider’s stock worth $190,000 after buying an additional 630 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in CPB during the fourth quarter worth approximately $203,000. Mason Street Advisors LLC raised its stake in CPB by 6.8% in the first quarter. Mason Street Advisors LLC now owns 7,196 shares of the financial services provider’s stock worth $220,000 after buying an additional 459 shares in the last quarter. Finally, Sei Investments Co. raised its stake in CPB by 4.6% in the first quarter. Sei Investments Co. now owns 10,021 shares of the financial services provider’s stock worth $306,000 after buying an additional 440 shares in the last quarter. Institutional investors own 93.35% of the company’s stock.
Separately, Zacks Investment Research raised shares of CPB from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Friday, June 9th.
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services and its retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.
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