Central Pacific Financial Corp. (NYSE:CPF) Shares Acquired by Amundi

Amundi lifted its position in Central Pacific Financial Corp. (NYSE:CPF) by 181.4% in the 4th quarter, Holdings Channel reports. The fund owned 13,616 shares of the financial services provider’s stock after buying an additional 8,778 shares during the period. Amundi’s holdings in Central Pacific Financial were worth $374,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Basswood Capital Management L.L.C. purchased a new stake in Central Pacific Financial in the 3rd quarter worth approximately $15,455,000. Raymond James Financial Inc. purchased a new stake in Central Pacific Financial in the 4th quarter worth approximately $1,712,000. FMR LLC lifted its position in Central Pacific Financial by 24.4% in the 3rd quarter. FMR LLC now owns 295,359 shares of the financial services provider’s stock worth $8,716,000 after buying an additional 58,009 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in Central Pacific Financial in the 4th quarter worth approximately $1,463,000. Finally, Barclays PLC lifted its position in Central Pacific Financial by 84.3% in the 3rd quarter. Barclays PLC now owns 58,493 shares of the financial services provider’s stock worth $1,726,000 after buying an additional 26,755 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a research note on Thursday.

Central Pacific Financial Stock Performance

NYSE:CPF opened at $26.93 on Friday. Central Pacific Financial Corp. has a 1 year low of $18.53 and a 1 year high of $33.25. The firm’s fifty day simple moving average is $28.44 and its 200 day simple moving average is $28.92. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $730.23 million, a PE ratio of 13.67 and a beta of 1.17.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. On average, sell-side analysts anticipate that Central Pacific Financial Corp. will post 2.75 EPS for the current year.

Central Pacific Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.01%. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 28th. Central Pacific Financial’s dividend payout ratio (DPR) is currently 54.82%.

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.