Central Pacific Financial (NYSE:CPF) Stock Rating Lowered by StockNews.com

Central Pacific Financial (NYSE:CPF) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Central Pacific Financial Stock Up 2.3 %

Shares of NYSE CPF opened at $31.37 on Wednesday. The business has a 50-day simple moving average of $29.00 and a two-hundred day simple moving average of $25.19. The company has a market cap of $849.19 million, a P/E ratio of 14.94 and a beta of 1.14. Central Pacific Financial has a 52 week low of $16.95 and a 52 week high of $32.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. nVerses Capital LLC purchased a new stake in Central Pacific Financial in the third quarter valued at approximately $50,000. Quarry LP purchased a new stake in shares of Central Pacific Financial during the 3rd quarter valued at $53,000. CWM LLC lifted its holdings in shares of Central Pacific Financial by 221.9% during the 2nd quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,349 shares during the last quarter. USA Financial Formulas purchased a new position in Central Pacific Financial in the third quarter worth $81,000. Finally, SG Americas Securities LLC bought a new position in Central Pacific Financial in the third quarter valued at $183,000. Hedge funds and other institutional investors own 88.42% of the company’s stock.

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.