Central Pacific Financial Corp. (NYSE:CPF) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its stake in Central Pacific Financial Corp. (NYSE:CPF) by 2.6% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 38,000 shares of the financial services provider’s stock after selling 1,000 shares during the period. Victory Capital Management Inc.’s holdings in Central Pacific Financial were worth $806,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC lifted its holdings in shares of Central Pacific Financial by 221.9% in the second quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,349 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Central Pacific Financial by 660.9% during 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 in the last quarter. Central Pacific Bank Trust Division acquired a new position in Central Pacific Financial in the 1st quarter valued at approximately $134,000. EMC Capital Management acquired a new position in Central Pacific Financial in the 1st quarter valued at approximately $228,000. Finally, Quadrature Capital Ltd purchased a new stake in Central Pacific Financial in the 4th quarter worth approximately $235,000. Institutional investors own 88.42% of the company’s stock.

Insider Buying and Selling at Central Pacific Financial

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the 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 transaction, the director now owns 75,357 shares in the company, valued at approximately $1,708,343.19. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.70% of the company’s stock.

Central Pacific Financial Trading Down 2.4 %

Central Pacific Financial stock opened at $28.32 on Friday. Central Pacific Financial Corp. has a 12 month low of $14.69 and a 12 month high of $29.54. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. The stock has a market cap of $765.83 million, a P/E ratio of 13.81 and a beta of 1.12. The company’s fifty day simple moving average is $26.16 and its 200-day simple moving average is $22.24.

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

Central Pacific Financial Dividend Announcement

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

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.