Today, 13,764 Shares of Central Pacific Financial Inc. (CPF) Stock are sold by John C. Dean

Today, 13,764 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 13,764 shares of the stock in a transaction on Friday, November 25th. The stock was sold at an average price of $30.32, for a total value of $417,324.48. Following the completion of the sale, the insider now owns 8,122 shares of the company’s stock, valued at approximately $246,259.04. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Central Pacific Financial Inc. (NYSE:CPF) opened at 29.48 on Tuesday. Central Pacific Financial Inc. has a 12 month low of $18.47 and a 12 month high of $30.71. The stock has a market cap of $908.87 million, a price-to-earnings ratio of 20.35 and a beta of 1.07. The stock’s 50 day moving average price is $26.90 and its 200-day moving average price is $25.05.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $0.64 dividend on an annualized basis and a yield of 2.15%. Central Pacific Financial’s dividend payout ratio is presently 44.14%.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Central Pacific Financial from a “sell” rating to a “hold” rating in a research note on Friday, November 18th. Compass Point lowered Central Pacific Financial from a “buy” rating to a “neutral” rating in a research note on Friday, November 18th. Finally, Raymond James Financial Inc. increased their price target on Central Pacific Financial from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Central Pacific Financial currently has a consensus rating of “Hold” and a consensus target price of $25.80.

A number of hedge funds and other institutional investors have recently bought and sold shares of CPF. Teacher Retirement System of Texas increased its position 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 worth $104,000 after buying an additional 540 shares in the last quarter. SG Americas Securities LLC acquired a new position in Central Pacific Financial during the third quarter worth about $122,000. Mason Street Advisors LLC acquired a new position in Central Pacific Financial during the second quarter worth about $143,000. Sei Investments Co. increased its position in Central Pacific Financial by 173.6% in the second quarter. Sei Investments Co. now owns 7,121 shares of the financial services provider’s stock worth $168,000 after buying an additional 4,518 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position 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 worth $174,000 after buying an additional 110 shares in the last quarter. Institutional investors own 93.63% of the company’s stock.

Central Pacific Financial Company Profile

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