Central Pacific Financial Corp. (NYSE:CPF) Short Interest Update

Central Pacific Financial Corp. (NYSE:CPF - Get Free Report) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 577,700 shares, a growth of 33.7% from the December 15th total of 432,000 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average daily volume of 231,600 shares, the days-to-cover ratio is presently 2.5 days.

Central Pacific Financial Trading Down 0.3 %

Shares of NYSE:CPF traded down $0.08 during trading on Thursday, hitting $28.18. The company had a trading volume of 287,459 shares, compared to its average volume of 235,446. The stock has a market cap of $762.75 million, a price-to-earnings ratio of 13.42 and a beta of 1.19. 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 fifty day simple moving average of $29.96 and a two-hundred day simple moving average of $27.70. Central Pacific Financial has a one year low of $18.00 and a one year high of $33.25.

Central Pacific Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.69%. The ex-dividend date was Friday, November 29th. Central Pacific Financial's dividend payout ratio (DPR) is presently 49.52%.

Institutional Trading of Central Pacific Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of CPF. JPMorgan Chase & Co. grew its holdings in shares of Central Pacific Financial by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider's stock worth $12,734,000 after purchasing an additional 26,139 shares during the last quarter. Geode Capital Management LLC grew its stake in Central Pacific Financial by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 640,369 shares of the financial services provider's stock worth $18,901,000 after acquiring an additional 24,686 shares in the last quarter. Quest Partners LLC grew its stake in Central Pacific Financial by 144.4% in the 3rd quarter. Quest Partners LLC now owns 32,083 shares of the financial services provider's stock worth $947,000 after acquiring an additional 18,955 shares in the last quarter. Barclays PLC increased its position in shares of 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 period. Finally, Assenagon Asset Management S.A. raised its stake in shares of 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 acquiring an additional 268,719 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company's stock.

Analyst Upgrades and Downgrades

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

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.

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