XTX Topco Ltd Trims Stock Position in CPB Inc. (NYSE:CPF)

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

Several other institutional investors and hedge funds also recently modified their holdings of the business. Geode Capital Management LLC lifted its stake in shares of CPB by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 644,390 shares of the financial services provider’s stock valued at $18,724,000 after buying an additional 4,021 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of CPB by 6.5% during the first quarter. Allianz Asset Management GmbH now owns 563,951 shares of the financial services provider’s stock valued at $15,249,000 after buying an additional 34,528 shares during the period. Basswood Capital Management L.L.C. lifted its stake in shares of CPB by 0.8% during the fourth quarter. Basswood Capital Management L.L.C. now owns 527,794 shares of the financial services provider’s stock valued at $15,332,000 after buying an additional 4,065 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of CPB by 3.3% during the fourth quarter. Nuveen Asset Management LLC now owns 421,317 shares of the financial services provider’s stock valued at $12,239,000 after buying an additional 13,406 shares during the period. Finally, Northern Trust Corp raised its stake in CPB by 4.5% during the fourth quarter. Northern Trust Corp now owns 352,982 shares of the financial services provider’s stock worth $10,254,000 after purchasing an additional 15,243 shares during the period. Hedge funds and other institutional investors own 88.42% of the company’s stock.

CPB Stock Performance

NYSE:CPF opened at $28.10 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company 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 fifty-two week low of $23.16 and a fifty-two week high of $33.25. The firm’s 50 day moving average is $27.59 and its two-hundred day moving average is $27.32.

CPB (NYSE:CPF) last issued its earnings results on Friday, July 25th. The financial services provider reported $0.67 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 analysts’ expectations of $71.80 million. During the same period in the prior year, the business posted $0.58 EPS. Analysts expect that CPB Inc. will post 2.75 EPS for the current year.

CPB Dividend Announcement

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 annualized dividend and a yield of 3.8%. CPB’s dividend payout ratio is currently 48.43%.

Insider Buying and Selling at CPB

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

About CPB

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.