Thrivent Financial for Lutherans Cuts Position in Central Pacific Financial Corp. (NYSE:CPF)

Thrivent Financial for Lutherans decreased its stake in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 66.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,920 shares of the financial services provider's stock after selling 42,039 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Central Pacific Financial worth $608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Central Pacific Financial in the 4th quarter valued at $1,712,000. FMR LLC raised its position in shares of Central Pacific Financial by 24.4% in the third quarter. FMR LLC now owns 295,359 shares of the financial services provider's stock valued at $8,716,000 after buying an additional 58,009 shares during the last quarter. Jackson Creek Investment Advisors LLC purchased a new position in shares of Central Pacific Financial in the fourth quarter worth about $1,463,000. Barclays PLC boosted its position in Central Pacific Financial by 84.3% during the third quarter. Barclays PLC now owns 58,493 shares of the financial services provider's stock worth $1,726,000 after acquiring an additional 26,755 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Central Pacific Financial by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider's stock valued at $12,734,000 after acquiring an additional 26,139 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company's stock.

Central Pacific Financial Trading Down 0.7 %

Central Pacific Financial stock traded down $0.16 during trading on Tuesday, reaching $24.03. 213,587 shares of the company were exchanged, compared to its average volume of 204,902. The stock's 50 day simple moving average is $27.89 and its two-hundred day simple moving average is $28.80. The company has a market capitalization of $651.57 million, a P/E ratio of 12.20 and a beta of 0.98. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a 52-week low of $18.53 and a 52-week high of $33.25.

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

Central Pacific Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued 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 payout ratio is presently 54.82%.

Wall Street Analysts Forecast Growth

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

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.