Deutsche Bank AG Grows Holdings in CPB Inc. $CPF

Deutsche Bank AG boosted its holdings in CPB Inc. (NYSE:CPF) by 389.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,008 shares of the financial services provider’s stock after purchasing an additional 105,051 shares during the quarter. Deutsche Bank AG owned about 0.49% of CPB worth $3,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jane Street Group LLC increased its stake in CPB by 48.7% in the 4th quarter. Jane Street Group LLC now owns 60,153 shares of the financial services provider’s stock valued at $1,747,000 after buying an additional 19,690 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in CPB by 12.6% in 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 buying an additional 2,468 shares during the period. Nuveen Asset Management LLC increased its stake in CPB by 3.3% in the 4th 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. Northern Trust Corp increased its stake in CPB by 4.5% in the 4th quarter. Northern Trust Corp now owns 352,982 shares of the financial services provider’s stock valued at $10,254,000 after buying an additional 15,243 shares during the period. Finally, GAMMA Investing LLC increased its stake in CPB by 3,028.2% in the 1st quarter. GAMMA Investing LLC now owns 44,264 shares of the financial services provider’s stock valued at $1,197,000 after buying an additional 42,849 shares during the period. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were 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 of the company’s stock, valued at $1,824,342.33. This represents a 4.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul K. Yonamine sold 2,765 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was 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 trade represents a 12.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,764 shares of company stock worth $352,919. Corporate insiders own 2.40% of the company’s stock.

CPB Stock Performance

NYSE:CPF opened at $28.28 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. CPB Inc. has a fifty-two week low of $23.16 and a fifty-two week high of $33.25. The stock has a market cap of $763.10 million, a PE ratio of 12.68 and a beta of 1.07. The firm’s fifty day simple moving average is $27.74 and its 200-day simple moving average is $27.29.

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

CPB Dividend Announcement

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

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.