Barclays PLC Purchases 26,755 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Barclays PLC grew its position in Central Pacific Financial Corp. (NYSE:CPF) by 84.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,493 shares of the financial services provider’s stock after acquiring an additional 26,755 shares during the quarter. Barclays PLC’s holdings in Central Pacific Financial were worth $1,726,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in Central Pacific Financial by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider’s stock valued at $29,765,000 after acquiring an additional 77,868 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Central Pacific Financial by 4.0% during the third quarter. Geode Capital Management LLC now owns 640,369 shares of the financial services provider’s stock valued at $18,901,000 after purchasing an additional 24,686 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Central Pacific Financial by 3.6% during the second quarter. Renaissance Technologies LLC now owns 550,400 shares of the financial services provider’s stock valued at $11,668,000 after purchasing an additional 19,247 shares during the period. Basswood Capital Management L.L.C. bought a new position in shares of Central Pacific Financial in the third quarter worth about $15,455,000. Finally, American Century Companies Inc. increased its stake in Central Pacific Financial by 17.8% in 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 during the period. Institutional investors own 88.42% of the company’s stock.

Central Pacific Financial Stock Down 3.5 %

Shares of NYSE:CPF opened at $26.49 on Friday. The business’s 50 day moving average is $30.02 and its 200 day moving average is $27.56. The stock has a market cap of $716.95 million, a P/E ratio of 12.61 and a beta of 1.19. Central Pacific Financial Corp. has a 52-week low of $18.00 and a 52-week high of $33.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Central Pacific Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, November 29th. Central Pacific Financial’s payout ratio is 49.52%.

Analyst Upgrades and Downgrades

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

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.