Barclays PLC Buys 26,755 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Barclays PLC increased its position in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 84.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CPF. XTX Topco Ltd acquired a new position in Central Pacific Financial during the third quarter worth $422,000. Zacks Investment Management bought a new position in shares of Central Pacific Financial in the 3rd quarter valued at approximately $573,000. Jane Street Group LLC raised its stake in shares of Central Pacific Financial by 62.7% in the 3rd quarter. Jane Street Group LLC now owns 40,463 shares of the financial services provider's stock valued at $1,194,000 after acquiring an additional 15,599 shares in the last quarter. Quarry LP acquired a new stake in Central Pacific Financial in the 3rd quarter worth approximately $53,000. Finally, Centiva Capital LP bought a new stake in Central Pacific Financial during the third quarter worth approximately $355,000. Institutional investors own 88.42% of the company's stock.

Wall Street Analyst Weigh In

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

Central Pacific Financial Stock Performance

CPF stock traded down $0.29 during mid-day trading on Friday, reaching $28.78. 143,101 shares of the stock traded hands, compared to its average volume of 199,842. The firm has a market capitalization of $778.93 million, a PE ratio of 13.70 and a beta of 1.18. The business has a 50-day moving average of $30.11 and a two-hundred day moving average of $26.98. Central Pacific Financial Corp. has a 52 week low of $18.00 and a 52 week high of $33.25. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, November 29th. Central Pacific Financial's dividend payout ratio (DPR) is currently 49.52%.

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.