Central Pacific Financial Corp (CPF) Files Form 4 Insider Selling : Lance A. Mizumoto Sells 17,662 Shares

Central Pacific Financial Corp (CPF): Lance A. Mizumoto , President & CBO of Central Pacific Financial Corp sold 17,662 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $23.50 per share for a total value of $412,486.16 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 23, 2016, Lance A. Mizumoto (President & CBO) sold 1,572 shares at $23.27 per share price.On Mar 7, 2016, David William Hudson (EVP) sold 16,667 shares at $21.00 per share price.Also, On Feb 8, 2016, Colbert M Matsumoto (director) purchased 5,000 shares at $19.75 per share price.On Feb 5, 2016, Saedene K Ota (director) purchased 500 shares at $20.03 per share price.

Central Pacific Financial Corp.: On Friday, May 20, 2016 heightened volatility was witnessed in Central Pacific Financial Corp. which led to swings in the share price. The shares opened for trading at $22.9 and hit $23.39 on the upside , eventually ending the session at $23.07, with a gain of 0.70% or 0.16 points. The heightened volatility saw the trading volume jump to 4,19,917 shares. The 52-week high of the share price is $24.81 and the company has a market cap of $717 M . The 52-week low of the share price is at $18.47.

Central Pacific Financial Corp. Money Flow Index Chart

On Apr 28, 2016, Central Pacific Financial Corp. announced a cash dividend of $0.1400. The company’s management has announced May 26, 2016 as the ex-dividend date and fixed the record date on May 31, 2016. The payable date has been fixed on Jun 15, 2016.

Central Pacific Financial Corp. is a bank holding company. The Company’s principal business is to serve as a holding company for its bank subsidiary Central Pacific Bank (the bank). The Company operates through three segments. 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 Company offers full service commercial banking with 36 bank branches and 110 automated teller machines (ATMs) located throughout the state of Hawaii.

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