Central Pacific Financial (NYSE:CPF) Raised to “Hold” at StockNews.com

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

Central Pacific Financial Stock Down 0.7 %

CPF stock opened at $31.20 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial has a 1-year low of $18.00 and a 1-year high of $33.25. The firm has a fifty day moving average price of $29.55 and a two-hundred day moving average price of $25.79. The firm has a market cap of $844.58 million, a price-to-earnings ratio of 14.86 and a beta of 1.18.

Institutional Trading of Central Pacific Financial

Several institutional investors have recently added to or reduced their stakes in CPF. Vanguard Group Inc. grew its position in shares of Central Pacific Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,089,447 shares of the financial services provider’s stock worth $41,267,000 after acquiring an additional 17,058 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Central Pacific Financial by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,507 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 1,020 shares during the last quarter. Boston Partners bought a new position in shares of Central Pacific Financial during the first quarter worth about $740,000. CWM LLC grew its position in shares of Central Pacific Financial by 221.9% during the second 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. Finally, Nisa Investment Advisors LLC grew its position in Central Pacific Financial by 23.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,860 shares of the financial services provider’s stock valued at $379,000 after buying an additional 3,400 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.

About Central Pacific Financial

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.