CPB Inc. (CPF) Position Held by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP maintained its stake in shares of CPB Inc. (NYSE:CPF) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,453,155 shares of the financial services provider’s stock at the end of the second quarter. Dimensional Fund Advisors LP owned 4.76% of CPB worth $45,731,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue boosted its stake in CPB by 77.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,030 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 2,630 shares during the period. Mason Street Advisors LLC boosted its stake in CPB by 6.8% in the 1st quarter. Mason Street Advisors LLC now owns 7,196 shares of the financial services provider’s stock worth $220,000 after purchasing an additional 459 shares during the period. Laurion Capital Management LP bought a new position in CPB in the 2nd quarter worth about $245,000. BNP Paribas Arbitrage SA boosted its stake in CPB by 50.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,366 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 3,133 shares during the period. Finally, Sei Investments Co. boosted its stake in CPB by 4.6% in the 1st quarter. Sei Investments Co. now owns 10,021 shares of the financial services provider’s stock worth $306,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 91.38% of the company’s stock.

CPB Inc. (CPF) opened at 32.82 on Monday. The company has a market cap of $999.01 million, a P/E ratio of 20.90 and a beta of 1.18. The firm has a 50-day moving average price of $30.94 and a 200 day moving average price of $30.80. CPB Inc. has a 52 week low of $24.54 and a 52 week high of $33.55.

CPB (NYSE:CPF) last released its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.01). CPB had a net margin of 22.59% and a return on equity of 9.52%. The company had revenue of $49.50 million for the quarter, compared to the consensus estimate of $51.40 million. During the same period in the prior year, the firm posted $0.39 EPS. Analysts expect that CPB Inc. will post $1.64 EPS for the current fiscal year.

CPF has been the subject of several analyst reports. Zacks Investment Research downgraded CPB from a “buy” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub downgraded 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 issued a $32.50 target price on shares of CPB in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $30.25.

In related news, Director Paul K. Yonamine purchased 1,400 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of $30.98 per share, with a total value of $43,372.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company’s stock, valued at approximately $43,372. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.10% of the company’s stock.

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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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Institutional Ownership by Quarter for CPB (NYSE:CPF)

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