Geode Capital Management LLC Has $18.90 Million Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Geode Capital Management LLC grew its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 4.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 640,369 shares of the financial services provider's stock after acquiring an additional 24,686 shares during the quarter. Geode Capital Management LLC owned 2.37% of Central Pacific Financial worth $18,901,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. nVerses Capital LLC acquired a new position in Central Pacific Financial in the 3rd quarter valued at $50,000. Quarry LP bought a new position in shares of Central Pacific Financial in the third quarter worth $53,000. USA Financial Formulas acquired a new position in Central Pacific Financial in the third quarter valued at about $81,000. CWM LLC lifted its position in Central Pacific Financial by 77.7% during the third quarter. CWM LLC now owns 3,477 shares of the financial services provider's stock worth $103,000 after purchasing an additional 1,520 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Central Pacific Financial during the third quarter worth about $183,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Central Pacific Financial Price Performance

Shares of CPF stock traded down $0.29 on Friday, hitting $28.78. 143,101 shares of the company's stock were exchanged, compared to its average volume of 199,842. Central Pacific Financial Corp. has a 12 month low of $18.00 and a 12 month high of $33.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50 day moving average of $30.11 and a 200 day moving average of $27.03. The stock has a market cap of $778.93 million, a P/E ratio of 13.70 and a beta of 1.18.

Central Pacific Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.26 dividend. 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 3.61%. Central Pacific Financial's payout ratio is currently 49.52%.

Central Pacific Financial Profile

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.