UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $2.41 Million Stake in Central Pacific Financial Corp. (NYSE:CPF)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 81,558 shares of the financial services provider’s stock after selling 2,808 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Central Pacific Financial were worth $2,407,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its stake in shares of 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 purchasing an additional 268,719 shares during the period. Dimensional Fund Advisors LP lifted its stake in Central Pacific Financial by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider’s stock valued at $29,765,000 after buying an additional 77,868 shares during the period. American Century Companies Inc. boosted its holdings in shares of Central Pacific Financial by 17.8% during the 2nd quarter. American Century Companies Inc. now owns 511,590 shares of the financial services provider’s stock worth $10,846,000 after buying an additional 77,265 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Central Pacific Financial by 16.6% during the 2nd quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock worth $11,442,000 after buying an additional 76,957 shares during the period. Finally, LSV Asset Management grew its position in shares of Central Pacific Financial by 10.7% during the 2nd quarter. LSV Asset Management now owns 663,230 shares of the financial services provider’s stock worth $14,060,000 after buying an additional 63,862 shares during the period. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th.

Central Pacific Financial Price Performance

CPF stock opened at $30.91 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day moving average is $30.09 and its 200-day moving average is $26.41. The stock has a market capitalization of $836.73 million, a PE ratio of 14.72 and a beta of 1.18. Central Pacific Financial Corp. has a 1 year low of $18.00 and a 1 year high of $33.25.

Central Pacific Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.04 annualized dividend and a yield of 3.36%. Central Pacific Financial’s payout ratio is currently 49.52%.

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.