LSV Asset Management Has $19.39 Million Position in Central Pacific Financial Corp. (NYSE:CPF)

LSV Asset Management decreased its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 667,530 shares of the financial services provider's stock after selling 54,600 shares during the quarter. LSV Asset Management owned about 2.47% of Central Pacific Financial worth $19,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. ExodusPoint Capital Management LP boosted its holdings in Central Pacific Financial by 342.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 277,664 shares of the financial services provider's stock valued at $8,066,000 after acquiring an additional 214,840 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Central Pacific Financial by 36.6% during the 4th quarter. JPMorgan Chase & Co. now owns 589,609 shares of the financial services provider's stock worth $17,128,000 after buying an additional 158,111 shares during the last quarter. American Century Companies Inc. grew its position in shares of Central Pacific Financial by 13.2% in the 4th quarter. American Century Companies Inc. now owns 659,482 shares of the financial services provider's stock valued at $19,158,000 after buying an additional 77,032 shares during the last quarter. Renaissance Technologies LLC lifted its stake in 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 valued at $18,506,000 after buying an additional 66,053 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Central Pacific Financial during the fourth quarter worth approximately $1,712,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Central Pacific Financial Stock Up 0.8 %

CPF traded up $0.19 during trading hours on Friday, reaching $25.11. 153,591 shares of the stock traded hands, compared to its average volume of 205,345. The firm's fifty day simple moving average is $27.07 and its two-hundred day simple moving average is $28.58. Central Pacific Financial Corp. has a fifty-two week low of $18.61 and a fifty-two week 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. The company has a market cap of $680.88 million, a price-to-earnings ratio of 12.75 and a beta of 0.98.

Central Pacific Financial (NYSE:CPF - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. As a group, analysts forecast that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.30%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Central Pacific Financial's previous quarterly dividend of $0.26. Central Pacific Financial's dividend payout ratio is 54.82%.

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.