Barclays PLC Increases Position in Central Pacific Financial Corp. (NYSE:CPF)

Barclays PLC increased its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 84.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,493 shares of the financial services provider's stock after buying an additional 26,755 shares during the period. Barclays PLC owned 0.22% of Central Pacific Financial worth $1,726,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CPF. Dimensional Fund Advisors LP boosted its holdings in shares of Central Pacific Financial by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider's stock worth $29,765,000 after acquiring an additional 77,868 shares during the period. Geode Capital Management LLC lifted its holdings in Central Pacific Financial by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 640,369 shares of the financial services provider's stock worth $18,901,000 after purchasing an additional 24,686 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Central Pacific Financial by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 550,400 shares of the financial services provider's stock valued at $11,668,000 after buying an additional 19,247 shares in the last quarter. Basswood Capital Management L.L.C. bought a new stake in shares of Central Pacific Financial during the third quarter valued at about $15,455,000. Finally, American Century Companies Inc. lifted its holdings in shares of Central Pacific Financial by 17.8% in the second quarter. American Century Companies Inc. now owns 511,590 shares of the financial services provider's stock worth $10,846,000 after buying an additional 77,265 shares in the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Central Pacific Financial Price Performance

Shares of CPF stock traded down $0.95 on Friday, reaching $26.49. The company's stock had a trading volume of 161,058 shares, compared to its average volume of 262,343. The company has a market capitalization of $716.95 million, a P/E ratio of 12.61 and a beta of 1.19. Central Pacific Financial Corp. has a 12-month low of $18.00 and a 12-month high of $33.25. The stock's 50 day simple moving average is $30.02 and its 200-day simple moving average is $27.61. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29.

Central Pacific Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.93%. Central Pacific Financial's dividend payout ratio (DPR) is presently 49.52%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Central Pacific Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th.

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.