O Shaughnessy Asset Management LLC Has $310,000 Stake in Central Pacific Financial Corp. (NYSE:CPF)

O Shaughnessy Asset Management LLC lessened its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 66.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,666 shares of the financial services provider's stock after selling 21,416 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Central Pacific Financial were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. CIBC Private Wealth Group LLC boosted its stake in Central Pacific Financial by 4,424.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,339 shares of the financial services provider's stock valued at $421,000 after acquiring an additional 15,000 shares during the last quarter. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 158,111 shares during the period. Vanguard Group Inc. boosted its position in shares of Central Pacific Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,124,330 shares of the financial services provider's stock worth $61,712,000 after purchasing an additional 20,196 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Central Pacific Financial during the fourth quarter worth $168,000. Finally, American Century Companies Inc. increased its holdings in 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 valued at $19,158,000 after purchasing an additional 77,032 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company's stock.

Central Pacific Financial Trading Up 0.5 %

Central Pacific Financial stock traded up $0.13 during midday trading on Thursday, hitting $25.05. 19,600 shares of the stock were exchanged, compared to its average volume of 204,718. Central Pacific Financial Corp. has a 52 week low of $18.60 and a 52 week 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. The stock has a market capitalization of $679.28 million, a PE ratio of 12.74 and a beta of 0.98. The company has a fifty day simple moving average of $27.15 and a two-hundred day simple moving average of $28.62.

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

Central Pacific Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from Central Pacific Financial's previous quarterly dividend of $0.26. Central Pacific Financial's payout ratio is 54.82%.

Wall Street Analyst Weigh In

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

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.