Central Pacific Financial Corp. (NYSE:CPF) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 18.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,941 shares of the financial services provider's stock after selling 16,111 shares during the period. Sei Investments Co. owned about 0.25% of Central Pacific Financial worth $2,003,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Picton Mahoney Asset Management purchased a new position in Central Pacific Financial in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in Central Pacific Financial in the 4th quarter valued at about $31,000. Quarry LP purchased a new position in Central Pacific Financial in the 3rd quarter worth approximately $53,000. Quantbot Technologies LP purchased a new position in Central Pacific Financial in the 4th quarter worth approximately $55,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Central Pacific Financial by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider's stock worth $193,000 after purchasing an additional 448 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company's stock.

Central Pacific Financial Trading Down 4.8 %

Shares of NYSE CPF traded down $1.21 during trading on Thursday, hitting $24.05. 211,815 shares of the company were exchanged, compared to its average volume of 205,026. The company has a fifty day moving average price of $27.61 and a 200-day moving average price of $28.71. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $652.00 million, a PE ratio of 12.21 and a beta of 0.98. Central Pacific Financial Corp. has a 12-month low of $18.60 and a 12-month high of $33.25.

Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. As a group, equities research analysts expect that Central Pacific Financial Corp. will post 2.75 EPS for the current year.

Central Pacific Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.49%. This is a positive change from Central Pacific Financial's previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 28th. Central Pacific Financial's dividend payout ratio is presently 54.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Central Pacific Financial from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

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.