FMR LLC boosted its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 24.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 295,359 shares of the financial services provider's stock after purchasing an additional 58,009 shares during the period. FMR LLC owned about 1.09% of Central Pacific Financial worth $8,716,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPF. nVerses Capital LLC bought a new position in shares of Central Pacific Financial in the 3rd quarter valued at $50,000. CWM LLC lifted its stake in shares of Central Pacific Financial by 221.9% in the 2nd 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 last quarter. USA Financial Formulas bought a new position in shares of Central Pacific Financial in the 3rd quarter valued at $81,000. SG Americas Securities LLC bought a new position in shares of Central Pacific Financial in the 3rd quarter valued at $183,000. Finally, Cadinha & Co. LLC bought a new position in shares of Central Pacific Financial in the 3rd quarter valued at $225,000. 88.42% of the stock is currently owned by institutional investors.
Central Pacific Financial Trading Down 0.6 %
NYSE:CPF traded down $0.20 during trading hours on Thursday, hitting $30.96. 160,905 shares of the company were exchanged, compared to its average volume of 193,667. The stock has a market capitalization of $837.93 million, a price-to-earnings ratio of 14.80 and a beta of 1.18. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. Central Pacific Financial Corp. has a one year low of $18.00 and a one year high of $33.25. The company has a fifty day simple moving average of $29.98 and a 200 day simple moving average of $26.27.
Central Pacific Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Friday, November 29th. Central Pacific Financial's dividend payout ratio is currently 49.52%.
Analyst Ratings Changes
Separately, StockNews.com lowered Central Pacific Financial from a "hold" rating to a "sell" rating in a research report on Tuesday.
Get Our Latest Analysis on Central Pacific Financial
About Central Pacific Financial
(
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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