Legal & General Group Plc increased its stake in shares of CPB Inc. (NYSE:CPF) by 0.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 51,154 shares of the financial services provider’s stock after buying an additional 418 shares during the period. Legal & General Group Plc’s holdings in CPB were worth $1,562,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Two Sigma Investments LP acquired a new stake in CPB during the fourth quarter valued at $1,043,000. Guggenheim Capital LLC acquired a new stake in CPB during the fourth quarter valued at $999,000. Auxier Asset Management boosted its stake in CPB by 0.6% in the fourth quarter. Auxier Asset Management now owns 104,047 shares of the financial services provider’s stock valued at $3,269,000 after buying an additional 600 shares during the last quarter. Teachers Advisors LLC boosted its stake in CPB by 74.9% in the fourth quarter. Teachers Advisors LLC now owns 80,275 shares of the financial services provider’s stock valued at $2,522,000 after buying an additional 34,390 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in CPB by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,500 shares of the financial services provider’s stock valued at $382,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 92.20% of the company’s stock.
Shares of CPB Inc. (CPF) opened at 31.08 on Friday. The firm’s 50-day moving average price is $31.41 and its 200 day moving average price is $31.06. CPB Inc. has a 1-year low of $23.99 and a 1-year high of $33.55. The company has a market capitalization of $952.14 million, a PE ratio of 19.80 and a beta of 1.16.
CPB (NYSE:CPF) last released its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.02. The firm had revenue of $51.27 million during the quarter, compared to analyst estimates of $51.10 million. CPB had a net margin of 22.58% and a return on equity of 9.52%. During the same period in the previous year, the business earned $0.35 EPS. Equities analysts predict that CPB Inc. will post $1.64 EPS for the current fiscal year.
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Several equities research analysts have weighed in on CPF shares. Zacks Investment Research upgraded CPB from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, June 9th. BidaskClub cut CPB from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $32.50 target price on shares of CPB in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $30.38.
In other news, Director Earl E. Fry purchased 1,730 shares of CPB stock in a transaction dated Tuesday, June 13th. The stock was purchased at an average cost of $32.08 per share, for a total transaction of $55,498.40. Following the transaction, the director now directly owns 251 shares of the company’s stock, valued at $8,052.08. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 1,500 shares of company stock valued at $47,235 over the last 90 days. Company insiders own 4.10% of the company’s stock.
CPB Company Profile
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services and its retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.
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