Brandywine Global Investment Management LLC Has $511,000 Position in Central Pacific Financial Corp. (NYSE:CPF)

Brandywine Global Investment Management LLC decreased its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 83.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,586 shares of the financial services provider's stock after selling 91,498 shares during the period. Brandywine Global Investment Management LLC owned about 0.06% of Central Pacific Financial worth $511,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Picton Mahoney Asset Management acquired a new stake in Central Pacific Financial during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Central Pacific Financial during the 4th quarter worth about $31,000. Quarry LP acquired a new stake in shares of Central Pacific Financial during the 3rd quarter valued at about $53,000. Quantbot Technologies LP bought a new stake in shares of Central Pacific Financial in the 4th quarter valued at approximately $55,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Central Pacific Financial in the fourth quarter worth approximately $168,000. 88.42% of the stock is owned by hedge funds and other institutional investors.

Central Pacific Financial Stock Up 2.4 %

NYSE:CPF traded up $0.58 during trading hours on Tuesday, reaching $24.77. The company's stock had a trading volume of 27,997 shares, compared to its average volume of 185,531. Central Pacific Financial Corp. has a one year low of $18.53 and a one year high of $33.25. The business's 50-day moving average is $28.06 and its 200-day moving average is $28.86. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $671.66 million, a price-to-earnings ratio of 12.57 and a beta of 0.98.

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

Central Pacific Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Central Pacific Financial's previous quarterly dividend of $0.26. Central Pacific Financial's dividend payout ratio (DPR) is 54.82%.

Analysts Set New Price Targets

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

Central Pacific Financial Company 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.