Basswood Capital Management L.L.C. Has $24.77 Million Stock Holdings in CPB Inc. $CPF

Basswood Capital Management L.L.C. decreased its position in shares of CPB Inc. (NYSE:CPF) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 794,867 shares of the financial services provider’s stock after selling 30,909 shares during the quarter. CPB makes up approximately 1.0% of Basswood Capital Management L.L.C.’s holdings, making the stock its 29th largest holding. Basswood Capital Management L.L.C. owned about 2.96% of CPB worth $24,768,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. lifted its holdings in CPB by 535.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 915 shares of the financial services provider’s stock worth $28,000 after buying an additional 771 shares in the last quarter. Quarry LP lifted its holdings in CPB by 3,169.6% during the 3rd quarter. Quarry LP now owns 1,504 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,458 shares in the last quarter. CIBC Private Wealth Group LLC acquired a new position in CPB during the 3rd quarter worth $62,000. iSAM Funds UK Ltd bought a new stake in shares of CPB during the 3rd quarter valued at $62,000. Finally, Tower Research Capital LLC TRC raised its position in shares of CPB by 369.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,065 shares of the financial services provider’s stock valued at $114,000 after acquiring an additional 3,199 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CPF. Keefe, Bruyette & Woods upped their target price on shares of CPB from $36.00 to $37.00 and gave the company a “market perform” rating in a research report on Thursday, April 9th. Piper Sandler dropped their target price on shares of CPB from $39.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, April 2nd. Finally, Weiss Ratings upgraded shares of CPB from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, CPB currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.00.

CPB Stock Performance

Shares of CPB stock opened at $36.62 on Friday. The company has a market capitalization of $955.68 million, a PE ratio of 12.25 and a beta of 0.86. CPB Inc. has a 12 month low of $25.62 and a 12 month high of $36.80. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $34.33 and its 200 day simple moving average is $32.82.

CPB (NYSE:CPF) last issued its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The business had revenue of $72.93 million for the quarter, compared to the consensus estimate of $74.30 million. CPB had a return on equity of 13.93% and a net margin of 21.96%. On average, research analysts predict that CPB Inc. will post 3.17 EPS for the current year.

CPB Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $1.16 annualized dividend and a dividend yield of 3.2%. CPB’s dividend payout ratio (DPR) is currently 38.80%.

About CPB

Charoen Pokphand Foods Public Company Limited (NYSE: CPF) is a Thailand‐based integrated agro‐industrial and food conglomerate. Headquartered in Bangkok, the company is a subsidiary of the Charoen Pokphand Group and has grown into one of the world’s leading producers of livestock feed, meat and seafood products. CPF’s businesses span animal feed milling, animal breeding and hatchery operations, meat and seafood processing, and the distribution of fresh, frozen and value‐added food products.

CPF’s product portfolio includes poultry, swine and aquaculture feed; fresh and frozen chicken and pork; shrimp and other seafood; as well as ready‐to‐eat and ready‐to‐cook food items.