Central Pacific Bank Trust Division Takes $134,000 Position in Central Pacific Financial Corp. (NYSE:CPF)

Central Pacific Bank Trust Division purchased a new position in shares of Central Pacific Financial Corp. (NYSE:CPF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 6,909 shares of the financial services provider’s stock, valued at approximately $134,000.

Several other large investors have also recently made changes to their positions in CPF. Tower Research Capital LLC TRC increased its position in shares of Central Pacific Financial by 63.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,327 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 907 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Central Pacific Financial by 660.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 2,161 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in shares of Central Pacific Financial during the fourth quarter worth approximately $222,000. Quadrature Capital Ltd purchased a new stake in shares of Central Pacific Financial during the fourth quarter worth approximately $235,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Central Pacific Financial during the fourth quarter worth approximately $266,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $19.00, for a total transaction of $63,327.00. Following the sale, the director now owns 85,356 shares in the company, valued at approximately $1,621,764. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Central Pacific Financial Trading Up 0.4 %

NYSE CPF traded up $0.08 on Wednesday, reaching $21.32. 4,099 shares of the company were exchanged, compared to its average volume of 167,326. The business’s fifty day moving average price is $20.67 and its 200 day moving average price is $19.75. The stock has a market capitalization of $576.49 million, a P/E ratio of 10.37 and a beta of 1.13. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 0.37. Central Pacific Financial Corp. has a fifty-two week low of $14.69 and a fifty-two week high of $22.00.

Central Pacific Financial (NYSE:CPF) last released its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The company had revenue of $61.43 million for the quarter, compared to analyst estimates of $60.78 million. Central Pacific Financial had a return on equity of 11.34% and a net margin of 16.44%. Analysts forecast that Central Pacific Financial Corp. will post 2 earnings per share for the current year.

Central Pacific Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Friday, May 31st were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.88%. The ex-dividend date was Friday, May 31st. Central Pacific Financial’s dividend payout ratio (DPR) is presently 50.73%.

Central Pacific Financial Profile

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.