Central Pacific Financial Inc. (NYSE:CPF) insider John C. Dean sold 10,652 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $30.25, for a total value of $322,223.00. Following the completion of the transaction, the insider now directly owns 8,122 shares of the company’s stock, valued at $245,690.50. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Central Pacific Financial Inc. (NYSE:CPF) traded up 0.23% during trading on Wednesday, reaching $30.32. The company’s stock had a trading volume of 128,617 shares. The firm has a 50-day moving average price of $26.48 and a 200-day moving average price of $24.87. The firm has a market capitalization of $934.77 million, a P/E ratio of 20.92 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 posted its earnings results on Thursday, October 27th. The financial services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 period in the prior year, the business earned $0.38 EPS. On average, equities analysts anticipate that Central Pacific Financial Inc. will post $1.47 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Central Pacific Financial (NYSE:CPF)

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Monday, November 28th. Central Pacific Financial’s dividend payout ratio (DPR) is presently 44.14%.

Institutional investors have recently bought and sold shares of the stock. D. E. Shaw & Co. Inc. raised its position in Central Pacific Financial by 204.8% in the third quarter. D. E. Shaw & Co. Inc. now owns 40,218 shares of the financial services provider’s stock valued at $1,013,000 after buying an additional 27,022 shares during the period. The Manufacturers Life Insurance Company bought a new position in Central Pacific Financial during the third quarter valued at approximately $522,000. Principal Financial Group Inc. raised its position in Central Pacific Financial by 5.3% in the third quarter. Principal Financial Group Inc. now owns 977,341 shares of the financial services provider’s stock valued at $24,619,000 after buying an additional 49,476 shares during the period. Spark Investment Management LLC bought a new position in Central Pacific Financial during the third quarter valued at approximately $403,000. Finally, Northern Trust Corp raised its position in Central Pacific Financial by 20.7% in the third quarter. Northern Trust Corp now owns 598,291 shares of the financial services provider’s stock valued at $15,071,000 after buying an additional 102,642 shares during the period. 94.18% of the stock is owned by institutional investors.

Several research firms recently weighed in on CPF. Zacks Investment Research downgraded Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Friday, November 4th. Raymond James Financial Inc. raised their price objective on Central Pacific Financial from $25.00 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, August 2nd. Finally, Compass Point raised Central Pacific Financial from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Friday, October 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.80.

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Central Pacific Financial Company Profile

Central Pacific Financial Corp. serves as the bank holding company for its bank subsidiary, Central Pacific Bank (the bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and commercial real estate lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services, and the Company’s retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.

5 Day Chart for NYSE:CPF

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