Today, 10,174 Shares of Central Pacific Financial Inc. (CPF) Stock are sold by John C. Dean

Today, 10,174 Shares of Central Pacific Financial Inc. (CPF) Stock are sold by John C. Dean
Central Pacific Financial Inc. (NYSE:CPF) insider John C. Dean sold 10,174 shares of Central Pacific Financial stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $30.35, for a total transaction of $308,780.90. Following the sale, the insider now owns 8,122 shares of the company’s stock, valued at $246,502.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Central Pacific Financial Inc. (NYSE:CPF) traded up 0.20% during midday trading on Friday, reaching $30.38. 43,249 shares of the company were exchanged. The company has a 50-day moving average of $26.63 and a 200 day moving average of $24.91. The firm has a market capitalization of $936.62 million, a PE ratio of 20.97 and a beta of 1.07. Central Pacific Financial Inc. has a 52 week low of $18.47 and a 52 week high of $30.71.

Central Pacific Financial (NYSE:CPF) last released its earnings results on Thursday, October 27th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.01. Central Pacific Financial had a return on equity of 8.96% and a net margin of 22.03%. During the same quarter in the previous year, the business earned $0.38 earnings per share. Equities analysts predict that Central Pacific Financial Inc. will post $1.47 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Monday, November 28th. Central Pacific Financial’s dividend payout ratio is 44.14%.

Several equities research analysts have issued reports on CPF shares. Zacks Investment Research upgraded shares of Central Pacific Financial from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, August 3rd. Compass Point upgraded shares of Central Pacific Financial from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, October 28th. Finally, Raymond James Financial Inc. boosted their price objective on shares of Central Pacific Financial from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.80.

Large investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its stake in Central Pacific Financial by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,890 shares of the financial services provider’s stock valued at $174,000 after buying an additional 110 shares in the last quarter. Arizona State Retirement System raised its stake in Central Pacific Financial by 1.3% in the second quarter. Arizona State Retirement System now owns 16,176 shares of the financial services provider’s stock valued at $382,000 after buying an additional 200 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Central Pacific Financial by 1.5% in the second quarter. Nisa Investment Advisors LLC now owns 24,150 shares of the financial services provider’s stock valued at $570,000 after buying an additional 350 shares in the last quarter. Aperio Group LLC raised its stake in Central Pacific Financial by 3.6% in the third quarter. Aperio Group LLC now owns 10,315 shares of the financial services provider’s stock valued at $260,000 after buying an additional 355 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Central Pacific Financial by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,388 shares of the financial services provider’s stock valued at $104,000 after buying an additional 540 shares in the last quarter. 94.18% of the stock is owned by institutional investors.

Central Pacific Financial Company Profile

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