Central Pacific Financial Corp. (NYSE:CPF) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 143.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 456,132 shares of the financial services provider's stock after acquiring an additional 268,719 shares during the quarter. Assenagon Asset Management S.A. owned about 1.69% of Central Pacific Financial worth $13,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Acadian Asset Management LLC raised its holdings in shares of Central Pacific Financial by 359.7% during the 1st quarter. Acadian Asset Management LLC now owns 462,925 shares of the financial services provider's stock worth $9,140,000 after acquiring an additional 362,232 shares during the period. Dimensional Fund Advisors LP raised its stake in Central Pacific Financial by 5.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider's stock worth $29,765,000 after purchasing an additional 77,868 shares during the period. American Century Companies Inc. boosted its holdings in Central Pacific Financial by 17.8% in the 2nd quarter. American Century Companies Inc. now owns 511,590 shares of the financial services provider's stock valued at $10,846,000 after purchasing an additional 77,265 shares during the last quarter. LSV Asset Management boosted its holdings in Central Pacific Financial by 10.7% in the 2nd quarter. LSV Asset Management now owns 663,230 shares of the financial services provider's stock valued at $14,060,000 after purchasing an additional 63,862 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Central Pacific Financial in the 1st quarter valued at approximately $740,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Central Pacific Financial Trading Up 3.2 %

Shares of CPF stock traded up $0.90 during trading on Monday, hitting $29.20. 160,062 shares of the stock traded hands, compared to its average volume of 191,164. Central Pacific Financial Corp. has a 52-week low of $15.62 and a 52-week high of $30.30. The firm has a market capitalization of $789.63 million, a P/E ratio of 14.24 and a beta of 1.13. The firm's fifty day moving average price is $28.04 and its 200-day moving average price is $24.00. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86.

Central Pacific Financial (NYSE:CPF - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $0.10. The business had revenue of $87.96 million during the quarter, compared to analysts' expectations of $61.74 million. Central Pacific Financial had a return on equity of 11.36% and a net margin of 16.44%. During the same period in the prior year, the business posted $0.53 EPS. As a group, research analysts forecast that Central Pacific Financial Corp. will post 2.2 earnings per share for the current fiscal year.

Central Pacific Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, August 30th. Central Pacific Financial's dividend payout ratio (DPR) is presently 50.73%.

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.