CPB Inc. (NYSE:CPF) Holdings Trimmed by XTX Topco Ltd

XTX Topco Ltd lessened its stake in CPB Inc. (NYSE:CPF) by 27.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,177 shares of the financial services provider’s stock after selling 3,051 shares during the quarter. XTX Topco Ltd’s holdings in CPB were worth $221,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp raised its stake in CPB by 25.5% during the 1st quarter. Mackenzie Financial Corp now owns 24,071 shares of the financial services provider’s stock valued at $651,000 after purchasing an additional 4,894 shares during the last quarter. Allianz Asset Management GmbH raised its stake in CPB by 6.5% during the 1st quarter. Allianz Asset Management GmbH now owns 563,951 shares of the financial services provider’s stock valued at $15,249,000 after purchasing an additional 34,528 shares during the last quarter. CWM LLC raised its stake in CPB by 17.5% during the 1st quarter. CWM LLC now owns 4,285 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 639 shares during the last quarter. Principal Financial Group Inc. raised its stake in CPB by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 155,957 shares of the financial services provider’s stock valued at $4,217,000 after purchasing an additional 3,914 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in CPB by 12.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,056 shares of the financial services provider’s stock valued at $594,000 after purchasing an additional 2,468 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

Insider Transactions at CPB

In other CPB news, Director Paul K. Yonamine sold 2,765 shares of the company’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $26.31, for a total transaction of $72,747.15. Following the transaction, the director directly owned 19,711 shares in the company, valued at approximately $518,596.41. This represents a 12.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Agnes Catherine Ngo sold 3,333 shares of CPB stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $27.87, for a total transaction of $92,890.71. Following the transaction, the director directly owned 65,459 shares in the company, valued at $1,824,342.33. The trade was a 4.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,764 shares of company stock worth $352,919. Insiders own 2.40% of the company’s stock.

CPB Price Performance

NYSE:CPF opened at $28.10 on Wednesday. The stock has a market cap of $758.14 million, a P/E ratio of 12.60 and a beta of 1.07. CPB Inc. has a one year low of $23.16 and a one year high of $33.25. The company has a fifty day moving average price of $27.59 and a 200 day moving average price of $27.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85.

CPB (NYSE:CPF) last announced its quarterly earnings data on Friday, July 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.03). CPB had a net margin of 17.31% and a return on equity of 12.80%. The business had revenue of $72.81 million during the quarter, compared to analyst estimates of $71.80 million. During the same quarter in the prior year, the company posted $0.58 EPS. Analysts anticipate that CPB Inc. will post 2.75 earnings per share for the current year.

CPB Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.8%. CPB’s dividend payout ratio is currently 48.43%.

CPB Profile

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.