Wellington Management Group LLP Has $11.88 Million Position in Central Pacific Financial Corp. (NYSE:CPF)

Wellington Management Group LLP lowered its position in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 6.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 603,388 shares of the financial services provider's stock after selling 44,922 shares during the quarter. Wellington Management Group LLP owned about 2.23% of Central Pacific Financial worth $11,875,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CPF. Tower Research Capital LLC TRC lifted its position in shares of Central Pacific Financial by 63.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,327 shares of the financial services provider's stock worth $46,000 after purchasing an additional 907 shares in the last quarter. Natixis Advisors L.P. purchased a new stake in Central Pacific Financial during the 4th quarter worth approximately $222,000. Louisiana State Employees Retirement System purchased a new stake in Central Pacific Financial during the 4th quarter worth approximately $266,000. Nisa Investment Advisors LLC raised its position in shares of Central Pacific Financial by 351.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,460 shares of the financial services provider's stock valued at $285,000 after purchasing an additional 11,258 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Central Pacific Financial by 5.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,410 shares of the financial services provider's stock valued at $303,000 after buying an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 88.42% of the company's stock.

Insider Transactions at Central Pacific Financial

In related news, Director Agnes Catherine Ngo sold 3,333 shares of the firm's stock in a transaction on Friday, April 12th. The stock was sold at an average price of $19.00, for a total transaction of $63,327.00. Following the transaction, the director now directly owns 85,356 shares in the company, valued at $1,621,764. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Central Pacific Financial Stock Up 0.2 %

Shares of NYSE:CPF traded up $0.05 during midday trading on Thursday, reaching $20.76. The company had a trading volume of 138,510 shares, compared to its average volume of 164,323. The stock has a market capitalization of $561.35 million, a P/E ratio of 10.11 and a beta of 1.13. The stock's fifty day moving average price is $20.44 and its 200-day moving average price is $19.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.85. Central Pacific Financial Corp. has a one year low of $14.69 and a one year high of $22.00.

Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its earnings results on Wednesday, April 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $61.43 million for the quarter, compared to analyst estimates of $60.78 million. Central Pacific Financial had a net margin of 16.44% and a return on equity of 11.34%. Equities research analysts expect that Central Pacific Financial Corp. will post 2 earnings per share for the current fiscal year.

Central Pacific Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Friday, May 31st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend was Friday, May 31st. Central Pacific Financial's dividend payout ratio is presently 50.73%.

Central Pacific Financial 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.