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