Kennedy Capital Management LLC Has $11.43 Million Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Kennedy Capital Management LLC decreased its position in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 393,309 shares of the financial services provider's stock after selling 11,787 shares during the period. Kennedy Capital Management LLC owned 1.45% of Central Pacific Financial worth $11,426,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Central Pacific Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,124,330 shares of the financial services provider's stock valued at $61,712,000 after acquiring an additional 20,196 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Central Pacific Financial by 13.2% in the fourth quarter. American Century Companies Inc. now owns 659,482 shares of the financial services provider's stock worth $19,158,000 after buying an additional 77,032 shares during the last quarter. Geode Capital Management LLC boosted its position in Central Pacific Financial by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 644,390 shares of the financial services provider's stock valued at $18,724,000 after buying an additional 4,021 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Central Pacific Financial by 11.6% in the fourth quarter. Renaissance Technologies LLC now owns 637,053 shares of the financial services provider's stock worth $18,506,000 after acquiring an additional 66,053 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Central Pacific Financial by 36.6% in the 4th quarter. JPMorgan Chase & Co. now owns 589,609 shares of the financial services provider's stock valued at $17,128,000 after buying an additional 158,111 shares during the period. Institutional investors own 88.42% of the company's stock.

Analysts Set New Price Targets

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

Central Pacific Financial Stock Up 0.4 %

Central Pacific Financial stock traded up $0.09 during mid-day trading on Wednesday, reaching $24.93. 17,713 shares of the company's stock were exchanged, compared to its average volume of 203,374. The company has a fifty day moving average of $27.25 and a 200-day moving average of $28.64. The company has a market cap of $676.00 million, a P/E ratio of 12.65 and a beta of 0.98. Central Pacific Financial Corp. has a twelve month low of $18.60 and a twelve month high of $33.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

Central Pacific Financial (NYSE:CPF - Get Free Report) last released its 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%. Sell-side analysts expect that Central Pacific Financial Corp. will post 2.75 EPS for the current year.

Central Pacific Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.27 dividend. This is a boost from Central Pacific Financial's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 annualized dividend and a dividend yield of 4.33%. Central Pacific Financial's 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.