Central Pacific Financial Corp. (NYSE:CPF) Short Interest Update

Central Pacific Financial Corp. (NYSE:CPF) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 656,500 shares, an increase of 35.4% from the September 15th total of 484,900 shares. Approximately 2.5% of the company’s stock are sold short. Based on an average daily trading volume, of 234,900 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CPF. Quadrature Capital Ltd purchased a new stake in Central Pacific Financial during the 4th quarter valued at $235,000. Allspring Global Investments Holdings LLC increased its position in 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 valued at $49,000 after acquiring an additional 2,161 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Central Pacific Financial by 1.2% in the first quarter. Principal Financial Group Inc. now owns 156,553 shares of the financial services provider’s stock valued at $3,092,000 after acquiring an additional 1,795 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Central Pacific Financial by 38.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,364 shares of the financial services provider’s stock valued at $407,000 after acquiring an additional 5,954 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Central Pacific Financial by 21.3% in the first quarter. BNP Paribas Financial Markets now owns 33,513 shares of the financial services provider’s stock worth $662,000 after purchasing an additional 5,891 shares during the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

Central Pacific Financial Stock Up 1.6 %

NYSE CPF traded up $0.47 during mid-day trading on Tuesday, reaching $29.58. The stock had a trading volume of 26,537 shares, compared to its average volume of 189,918. The company has a fifty day moving average price of $27.26 and a 200 day moving average price of $23.30. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86. Central Pacific Financial has a 1 year low of $14.69 and a 1 year high of $29.58. The stock has a market cap of $799.90 million, a PE ratio of 14.21 and a beta of 1.13.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.10. Central Pacific Financial had a return on equity of 11.36% and a net margin of 16.44%. The firm had revenue of $87.96 million during the quarter, compared to analysts’ expectations of $61.74 million. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, research analysts expect that Central Pacific Financial will post 2.2 earnings per share for the current year.

Central Pacific Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, August 30th. Central Pacific Financial’s payout ratio is presently 50.73%.

Central Pacific Financial Company 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.