Auxier Asset Management Sells 500 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Auxier Asset Management decreased its position in Central Pacific Financial Corp. (NYSE:CPF) by 0.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,900 shares of the financial services provider’s stock after selling 500 shares during the quarter. Auxier Asset Management owned 0.32% of Central Pacific Financial worth $1,842,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CWM LLC raised its position in Central Pacific Financial by 221.9% in the 2nd quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Central Pacific Financial by 660.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 2,161 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Central Pacific Financial in the first quarter worth $134,000. EMC Capital Management acquired a new position in Central Pacific Financial during the first quarter worth $228,000. Finally, Quadrature Capital Ltd bought a new position in Central Pacific Financial in the fourth quarter valued at $235,000. 88.42% of the stock is currently owned by institutional investors.

Central Pacific Financial Stock Down 2.4 %

Shares of CPF stock opened at $28.31 on Friday. The firm’s fifty day moving average price is $26.16 and its two-hundred day moving average price is $22.22. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30. Central Pacific Financial Corp. has a 1 year low of $14.69 and a 1 year high of $29.54. The firm has a market capitalization of $765.56 million, a P/E ratio of 13.81 and a beta of 1.12.

Central Pacific Financial (NYSE:CPF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.10. The business had revenue of $87.96 million for the quarter, compared to the consensus estimate of $61.74 million. Central Pacific Financial had a return on equity of 11.36% and a net margin of 16.44%. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities analysts predict that Central Pacific Financial Corp. will post 2.2 EPS for the current fiscal year.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Friday, August 30th. Central Pacific Financial’s payout ratio is presently 50.73%.

Insider Activity at Central Pacific Financial

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $22.67, for a total transaction of $75,559.11. Following the sale, the director now directly owns 75,357 shares of the company’s stock, valued at $1,708,343.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

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.