Central Pacific Financial Corp. (NYSE:CPF) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its position in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 144.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,083 shares of the financial services provider's stock after acquiring an additional 18,955 shares during the quarter. Quest Partners LLC owned approximately 0.12% of Central Pacific Financial worth $947,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Boston Partners acquired a new position in shares of Central Pacific Financial during the first quarter worth $740,000. State Board of Administration of Florida Retirement System purchased a new stake in Central Pacific Financial in the 1st quarter worth approximately $409,000. Assenagon Asset Management S.A. lifted its position in Central Pacific Financial by 143.4% during the third quarter. Assenagon Asset Management S.A. now owns 456,132 shares of the financial services provider's stock valued at $13,460,000 after buying an additional 268,719 shares during the period. Acadian Asset Management LLC raised its holdings in Central Pacific Financial by 16.6% in the second quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider's stock worth $11,442,000 after buying an additional 76,957 shares during the last quarter. Finally, nVerses Capital LLC bought a new stake in Central Pacific Financial during the third quarter valued at approximately $50,000. Institutional investors own 88.42% of the company's stock.

Central Pacific Financial Stock Performance

Shares of NYSE:CPF traded up $0.92 during trading on Thursday, hitting $31.57. 34,241 shares of the stock traded hands, compared to its average volume of 195,294. Central Pacific Financial Corp. has a 52-week low of $16.95 and a 52-week high of $32.21. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company has a fifty day moving average price of $28.90 and a two-hundred day moving average price of $25.15. The company has a market cap of $854.60 million, a price-to-earnings ratio of 14.60 and a beta of 1.14.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Friday, November 29th. Central Pacific Financial's dividend payout ratio is currently 49.52%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Central Pacific Financial from a "hold" rating to a "sell" rating in a research report on Wednesday.

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.