Intech Investment Management LLC Has $331,000 Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Intech Investment Management LLC trimmed its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 20.1% in the third quarter, HoldingsChannel reports. The firm owned 11,201 shares of the financial services provider’s stock after selling 2,811 shares during the period. Intech Investment Management LLC’s holdings in Central Pacific Financial were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quest Partners LLC increased its holdings in Central Pacific Financial by 144.4% during the 3rd quarter. Quest Partners LLC now owns 32,083 shares of the financial services provider’s stock valued at $947,000 after purchasing an additional 18,955 shares in the last quarter. Empowered Funds LLC increased its holdings in Central Pacific Financial by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 86,251 shares of the financial services provider’s stock valued at $2,545,000 after purchasing an additional 4,288 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Central Pacific Financial by 12.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,490 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 1,769 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Central Pacific Financial by 143.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 456,132 shares of the financial services provider’s stock valued at $13,460,000 after buying an additional 268,719 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Central Pacific Financial in the 3rd quarter valued at $50,000. 88.42% of the stock is owned by institutional investors and hedge funds.

Central Pacific Financial Stock Down 0.7 %

Shares of CPF opened at $31.20 on Wednesday. The firm has a market capitalization of $844.58 million, a price-to-earnings ratio of 14.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day moving average price is $29.55 and its two-hundred day moving average price is $25.79. Central Pacific Financial Corp. has a 52 week low of $18.00 and a 52 week high of $33.25.

Central Pacific Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a $0.26 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a yield of 3.33%. Central Pacific Financial’s payout ratio is 49.52%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Monday.

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.