Central Pacific Financial Corp. (NYSE:CPF) Director Agnes Catherine Ngo Sells 3,333 Shares

Central Pacific Financial Corp. (NYSE:CPF) Director Agnes Catherine Ngo sold 3,333 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $19.00, for a total value of $63,327.00. Following the completion of the sale, the director now directly owns 85,356 shares of the company’s stock, valued at $1,621,764. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Agnes Catherine Ngo also recently made the following trade(s):

• On Tuesday, March 12th, Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock. The shares were sold at an average price of $19.32, for a total transaction of $64,393.56.
• On Monday, February 12th, Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock. The shares were sold at an average price of $19.45, for a total transaction of $64,826.85.

Central Pacific Financial Stock Down 0.7 %

CPF stock traded down $0.14 during trading on Friday, hitting $19.04. 275,479 shares of the stock traded hands, compared to its average volume of 172,177. The stock has a market cap of $515.03 million, a price-to-earnings ratio of 8.71 and a beta of 1.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.86 and a quick ratio of 0.86. Central Pacific Financial Corp. has a 1 year low of $13.22 and a 1 year high of $22.00. The firm’s 50 day moving average is $19.07 and its two-hundred day moving average is $18.32.

Central Pacific Financial (NYSE:CPF) last issued its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.48 by $0.07. The company had revenue of $89.29 million during the quarter, compared to analyst estimates of $61.18 million. Central Pacific Financial had a return on equity of 12.23% and a net margin of 17.82%. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, sell-side analysts anticipate that Central Pacific Financial Corp. will post 1.98 EPS for the current year.

Central Pacific Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Wednesday, February 28th. Central Pacific Financial’s dividend payout ratio (DPR) is presently 47.93%.

Analyst Ratings Changes

Separately, Piper Sandler upped their price objective on shares of Central Pacific Financial from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st.

Hedge Funds Weigh In On Central Pacific Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP increased its position in shares of Central Pacific Financial by 6.8% during the third quarter. GSA Capital Partners LLP now owns 11,180 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 709 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Central Pacific Financial by 5.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,410 shares of the financial services provider’s stock worth $303,000 after purchasing an additional 735 shares during the period. Sei Investments Co. grew its stake in shares of Central Pacific Financial by 3.6% in the fourth quarter. Sei Investments Co. now owns 21,495 shares of the financial services provider’s stock valued at $423,000 after buying an additional 746 shares in the last quarter. AQR Capital Management LLC lifted its stake in Central Pacific Financial by 0.3% during the 3rd quarter. AQR Capital Management LLC now owns 281,271 shares of the financial services provider’s stock worth $4,692,000 after acquiring an additional 798 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in Central Pacific Financial by 3.0% during the 1st quarter. Citigroup Inc. now owns 27,767 shares of the financial services provider’s stock valued at $775,000 after acquiring an additional 803 shares during the period. 88.42% of the stock is owned by hedge funds and other institutional investors.

About Central Pacific Financial

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides a range of commercial banking products and services to businesses, professionals, and individuals in the United States. It offers various deposit products and services, including checking, savings and time deposits, cash management and digital banking, trust, and retail brokerage services, as well as money market accounts and certificates of deposit.