American Century Companies Inc. Has $10.85 Million Position in Central Pacific Financial Corp. (NYSE:CPF)

American Century Companies Inc. increased its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 17.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 511,590 shares of the financial services provider’s stock after acquiring an additional 77,265 shares during the quarter. American Century Companies Inc. owned about 1.89% of Central Pacific Financial worth $10,846,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Central Pacific Financial by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 2,089,447 shares of the financial services provider’s stock valued at $41,267,000 after purchasing an additional 17,058 shares during the period. Dimensional Fund Advisors LP boosted its stake in Central Pacific Financial by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,059 shares of the financial services provider’s stock valued at $24,562,000 after purchasing an additional 112,105 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Central Pacific Financial by 2.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 842,611 shares of the financial services provider’s stock valued at $16,583,000 after purchasing an additional 20,929 shares during the period. LSV Asset Management boosted its stake in Central Pacific Financial by 10.7% in the 2nd quarter. LSV Asset Management now owns 663,230 shares of the financial services provider’s stock valued at $14,060,000 after purchasing an additional 63,862 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in Central Pacific Financial by 16.6% in the 2nd quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock valued at $11,442,000 after purchasing an additional 76,957 shares during the period. 88.42% of the stock is currently owned by institutional investors.

Central Pacific Financial Stock Performance

CPF opened at $28.32 on Monday. The business has a fifty day simple moving average of $26.16 and a 200 day simple moving average of $22.26. The company has a market capitalization of $765.83 million, a PE ratio of 13.81 and a beta of 1.12. Central Pacific Financial Corp. has a 1 year low of $14.69 and a 1 year high of $29.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86.

Central Pacific Financial (NYSE:CPF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.10. The firm had revenue of $87.96 million during 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 period in the prior year, the company posted $0.53 EPS. Research analysts expect that Central Pacific Financial Corp. will post 2.2 EPS for the current year.

Central Pacific Financial Announces Dividend

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

Insider Activity

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the company’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $22.67, for a total transaction of $75,559.11. Following the completion of the sale, the director now directly owns 75,357 shares in the company, valued at approximately $1,708,343.19. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

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.