50,360 Shares in Central Pacific Financial Corp. (NYSE:CPF) Purchased by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC bought a new stake in Central Pacific Financial Corp. (NYSE:CPF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 50,360 shares of the financial services provider's stock, valued at approximately $1,463,000. Jackson Creek Investment Advisors LLC owned 0.19% of Central Pacific Financial as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Central Pacific Financial in the fourth quarter valued at $31,000. Quarry LP acquired a new stake in Central Pacific Financial in the third quarter valued at $53,000. SG Americas Securities LLC lifted its holdings in Central Pacific Financial by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider's stock valued at $193,000 after acquiring an additional 448 shares during the period. Diversified Trust Co raised its stake in shares of Central Pacific Financial by 9.8% during the 4th quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider's stock worth $255,000 after buying an additional 783 shares during the last quarter. Finally, EMC Capital Management raised its stake in shares of Central Pacific Financial by 92.2% during the 4th quarter. EMC Capital Management now owns 11,559 shares of the financial services provider's stock worth $336,000 after buying an additional 5,544 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Central Pacific Financial from a "sell" rating to a "hold" rating in a research note on Thursday, February 13th.

Central Pacific Financial Trading Down 0.8 %

CPF traded down $0.23 during midday trading on Friday, hitting $27.23. The company's stock had a trading volume of 149,242 shares, compared to its average volume of 199,230. 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 cap of $736.93 million, a P/E ratio of 13.82 and a beta of 1.17. The firm has a 50-day moving average price of $28.64 and a two-hundred day moving average price of $28.96. Central Pacific Financial Corp. has a 52-week low of $18.35 and a 52-week high of $33.25.

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

Central Pacific Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.27 per share. This is a positive change from Central Pacific Financial's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Friday, February 28th. Central Pacific Financial's dividend payout ratio is currently 54.82%.

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.