Chicago Equity Partners LLC acquired a new position in CPB Inc. (NYSE:CPF) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 73,300 shares of the financial services provider’s stock, valued at approximately $1,846,000. Chicago Equity Partners LLC owned approximately 0.24% of CPB at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in CPB 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 during the last quarter. Mason Street Advisors LLC purchased a new position in CPB during the second quarter worth about $143,000. Sei Investments Co. boosted its position in CPB 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 during the last quarter. Capstone Asset Management Co. purchased a new position in CPB during the second quarter worth about $212,000. Finally, BNP Paribas Arbitrage SA boosted its position in CPB by 103.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,667 shares of the financial services provider’s stock worth $228,000 after buying an additional 4,907 shares during the last quarter. Hedge funds and other institutional investors own 93.61% of the company’s stock.

Institutional Ownership by Quarter for CPB (NYSE:CPF)

Shares of CPB Inc. (NYSE:CPF) opened at 30.77 on Friday. The stock has a market capitalization of $948.64 million, a PE ratio of 21.24 and a beta of 1.15. The company’s 50-day moving average price is $30.86 and its 200 day moving average price is $26.73. CPB Inc. has a one year low of $18.47 and a one year high of $31.99.

CPB (NYSE:CPF) last posted its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.01. CPB had a net margin of 22.03% and a return on equity of 8.96%. During the same period in the prior year, the firm earned $0.38 EPS. Analysts anticipate that CPB Inc. will post $1.48 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th were issued a dividend of $0.16 per share. The ex-dividend date was Monday, November 28th. This represents a $0.64 dividend on an annualized basis and a yield of 2.08%. CPB’s dividend payout ratio is presently 44.14%.

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CPF has been the subject of a number of research reports. Compass Point upgraded CPB from a “neutral” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, October 28th. Zacks Investment Research cut CPB from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Finally, Raymond James Financial, Inc. cut CPB from an “outperform” rating to a “market perform” rating in a report on Thursday, December 15th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $25.80.

In other news, insider John C. Dean sold 10,000 shares of CPB stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $30.14, for a total value of $301,400.00. Following the sale, the insider now directly owns 8,122 shares of the company’s stock, valued at $244,797.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John C. Dean sold 13,764 shares of CPB stock in a transaction dated 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 directly owns 8,122 shares in the company, valued at $246,259.04. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

About CPB

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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