ExodusPoint Capital Management LP Acquires 214,840 Shares of Central Pacific Financial Corp. (NYSE:CPF)

ExodusPoint Capital Management LP boosted its position in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 342.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 277,664 shares of the financial services provider's stock after buying an additional 214,840 shares during the quarter. ExodusPoint Capital Management LP owned approximately 1.03% of Central Pacific Financial worth $8,066,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its holdings in Central Pacific Financial by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider's stock worth $193,000 after acquiring an additional 448 shares during the period. Diversified Trust Co grew its stake in shares of Central Pacific Financial by 9.8% during the fourth quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider's stock worth $255,000 after purchasing an additional 783 shares during the period. Picton Mahoney Asset Management acquired a new stake in shares of Central Pacific Financial during the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in Central Pacific Financial in the fourth quarter valued at about $31,000. Finally, Quarry LP acquired a new position in Central Pacific Financial in the third quarter valued at about $53,000. Institutional investors and hedge funds own 88.42% of the company's stock.

Wall Street Analyst Weigh In

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

Central Pacific Financial Trading Down 4.5 %

CPF traded down $1.13 during mid-day trading on Thursday, hitting $24.12. The stock had a trading volume of 42,018 shares, compared to its average volume of 204,904. The stock's fifty day simple moving average is $27.71 and its 200-day simple moving average is $28.75. The firm has a market capitalization of $653.98 million, a price-to-earnings ratio of 12.10 and a beta of 0.98. Central Pacific Financial Corp. has a 1-year low of $18.53 and a 1-year high of $33.25. 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 (NYSE:CPF - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (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%. As a group, research analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.27 per share. This is a positive change from Central Pacific Financial's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.48%. The ex-dividend date was Friday, February 28th. Central Pacific Financial's dividend payout ratio is 54.82%.

About Central Pacific Financial

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.