Central Pacific Financial (NYSE:CPF - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Wednesday.
Central Pacific Financial Stock Down 0.4 %
Shares of NYSE:CPF traded down $0.11 during midday trading on Wednesday, reaching $30.66. The company had a trading volume of 620,778 shares, compared to its average volume of 195,532. 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 stock's fifty day moving average price is $28.90 and its 200-day moving average price is $25.15. Central Pacific Financial has a one year low of $16.95 and a one year high of $32.21. The stock has a market capitalization of $829.83 million, a P/E ratio of 14.60 and a beta of 1.14.
Institutional Investors Weigh In On Central Pacific Financial
A number of institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC raised its holdings in shares of Central Pacific Financial by 221.9% during the second quarter. CWM LLC now owns 1,957 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 1,349 shares during the period. nVerses Capital LLC acquired a new stake in Central Pacific Financial during the 3rd quarter valued at $50,000. Quarry LP acquired a new stake in Central Pacific Financial during the 3rd quarter valued at $53,000. USA Financial Formulas purchased a new stake in shares of Central Pacific Financial in the third quarter valued at $81,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Central Pacific Financial in the third quarter worth $183,000. 88.42% of the stock is owned by institutional investors and hedge funds.
About Central Pacific Financial
(
Get Free Report)
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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