SEC Insider Narrative: Is Central Pacific Financial Corp. (NYSE:CPF) Stock a Sell after John Dean’s Insider Trading?

November 25, 2016 - By Clifton Ray

SEC Insider Narrative: Is Central Pacific Financial Corp. (NYSE:CPF) Stock a Sell after John Dean's Insider Trading?

John Dean Insider Sell

Company insider, John Dean, Executive Chair of Central Pacific Financial Corp unloaded a total of 10,174 shares of the company, at an average $30.3 for every share. In the last 30 days, he also sold 13,475 shares with a total value $406,979 USD. The probability of this trade staying hidden is extremely low because it’s new, with John Dean now holding 154,661 shares — that is 0.50% of Central Pacific Financial Corp’s market capitalization. The transaction, dated November 25, 2016, is recorded on a document which was filed with the (SEC) and is also at your disposal for a review here.

Central Pacific Financial Corp. (NYSE:CPF) Ratings Coverage

Out of 4 analysts covering Central Pacific Financial Corp. (NYSE:CPF), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $26 is the highest target while $26 is the lowest. The $26 average target is -14.19% below today’s ($30.3) stock price. Central Pacific Financial Corp. has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray on Friday, July 8 with “Neutral”. Zacks upgraded Central Pacific Financial Corp. (NYSE:CPF) on Monday, August 10 to “Hold” rating. The stock of Central Pacific Financial Corp. (NYSE:CPF) earned “Outperform” rating by Raymond James on Tuesday, August 2. As per Thursday, August 11, the company rating was initiated by Compass Point. As per Monday, September 21, the company rating was upgraded by Sandler O’Neill.

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.44, from 1.31 in 2016Q1. The ratio is negative, as 12 funds sold all Central Pacific Financial Corp. shares owned while 43 reduced positions. 17 funds bought stakes while 55 increased positions. They now own 28.44 million shares or 1.61% less from 28.91 million shares in 2016Q1.

Bogle Inv Management L P De has invested 0.09% of its portfolio in Central Pacific Financial Corp. (NYSE:CPF). Balyasny Asset Mgmt Ltd Liability Corp owns 22,120 shares or 0% of their US portfolio. Natl Bank Of Montreal Can accumulated 117,275 shares or 0% of the stock. Deutsche Bank & Trust Ag last reported 95,511 shares in the company. Texas Permanent School Fund last reported 23,755 shares in the company. Legal And General Group Public Ltd Co has 4,339 shares for 0% of their US portfolio. Blackrock Inv Management Ltd Llc holds 0% or 137,206 shares in its portfolio. Virginia Retirement Systems Et Al reported 46,300 shares or 0.02% of all its holdings. Aperio Grp Llc has 0% invested in the company for 9,960 shares. Geode Management Ltd holds 0% of its portfolio in Central Pacific Financial Corp. (NYSE:CPF) for 211,956 shares. Blackrock Advsr Llc holds 0.01% or 284,542 shares in its portfolio. The New Jersey-based Prudential Financial Incorporated has invested 0.01% in Central Pacific Financial Corp. (NYSE:CPF). Great Lakes Advsrs Ltd Liability Corporation accumulated 65,669 shares or 0.04% of the stock. Blackrock, a New York-based fund reported 52,635 shares. Pnc Financial Gp last reported 0% of its portfolio in the stock.

Insider Transactions: Since August 3, 2016, the stock had 6 insider purchases, and 3 sales for $473,355 net activity. CAMP CHRISTINE H H had bought 2,100 shares worth $51,565 on Wednesday, August 3. 10,000 Central Pacific Financial Corp. (NYSE:CPF) shares with value of $301,425 were sold by Dean John C. $86,181 worth of Central Pacific Financial Corp. (NYSE:CPF) was bought by Ota Saedene K on Wednesday, August 3. $54,046 worth of Central Pacific Financial Corp. (NYSE:CPF) was bought by FRY EARL E. 19,950 Central Pacific Financial Corp. (NYSE:CPF) shares with value of $503,738 were sold by Mizumoto Lance A. The insider MATSUMOTO COLBERT M bought 4,100 shares worth $100,793. 2,400 shares were bought by Rose Crystal, worth $58,878 on Wednesday, August 3.

About 43,249 shares traded hands. Central Pacific Financial Corp. (NYSE:CPF) has risen 35.30% since April 22, 2016 and is uptrending. It has outperformed by 29.89% the S&P500.

Central Pacific Financial Corp. serves as the bank holding firm for its bank subsidiary, Central Pacific Bank . The company has a market cap of $938.80 million. The Company’s divisions include Banking Operations, Treasury and All Others. It has a 20.88 P/E ratio. 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.

According to Zacks Investment Research, “Central Pacific Financial Corp. is a Hawaii-based bank holding company. Central Pacific Bank, its subsidiary, is Hawaii’s third largest commercial bank.”

Analysts await Central Pacific Financial Corp. (NYSE:CPF) to report earnings on January, 26. They expect $0.37 EPS, up 8.82% or $0.03 from last year’s $0.34 per share. CPF’s profit will be $11.46 million for 20.47 P/E if the $0.37 EPS becomes a reality. After $0.37 actual EPS reported by Central Pacific Financial Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent Central Pacific Financial Corp. (NYSE:CPF) news were published by: Prnewswire.com which released: “Central Pacific Financial Corp. Reports $11.5 Million Third Quarter Earnings” on October 27, 2016, also Reuters.com with their article: “BRIEF-Central Pacific Financial Corp reports $11.5 million third quarter e..” published on October 27, 2016, Prnewswire.com published: “Central Pacific Financial Corp. Conference Call To Discuss Second Quarter 2016 ..” on April 28, 2016. More interesting news about Central Pacific Financial Corp. (NYSE:CPF) were released by: Bizjournals.com and their article: “Private equity firm directors resign from Central Pacific Financial Corp.’s board” published on June 15, 2015 as well as Prnewswire.com‘s news article titled: “Central Pacific Financial Corp. Conference Call To Discuss Fourth Quarter 2015 ..” with publication date: January 16, 2016.

CPF Company Profile

Central Pacific Financial Corp., incorporated on February 1, 1982, serves as the bank holding firm for its bank subsidiary, Central Pacific Bank (the bank). The Company’s divisions 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. The Treasury segment is responsible for managing the Company’s investment securities portfolio and wholesale funding activities. The All Others segment includes activities, such as electronic banking, data processing and management of bank owned properties. The Firm offers a range of banking services and products to businesses, professionals and individuals. The Firm provides its clients with an array of loan products, including residential mortgage loans commercial and consumer loans and lines of credit commercial real estate loans and construction loans. The Company’s other subsidiaries include CPB Capital Trust II, CPB Statutory Trust III, CPB Capital Trust IV and CPB Statutory Trust V.

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