Renaissance Technologies LLC Has $18.51 Million Position in Central Pacific Financial Corp. (NYSE:CPF)

Renaissance Technologies LLC boosted its position in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 11.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 637,053 shares of the financial services provider's stock after buying an additional 66,053 shares during the period. Renaissance Technologies LLC owned approximately 2.35% of Central Pacific Financial worth $18,506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in Central Pacific Financial by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider's stock worth $12,734,000 after purchasing an additional 26,139 shares during the last quarter. Geode Capital Management LLC increased its position in Central Pacific Financial by 4.0% during the third quarter. Geode Capital Management LLC now owns 640,369 shares of the financial services provider's stock worth $18,901,000 after buying an additional 24,686 shares in the last quarter. Barclays PLC grew its stake in Central Pacific Financial by 84.3% during the third quarter. Barclays PLC now owns 58,493 shares of the financial services provider's stock worth $1,726,000 after buying an additional 26,755 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Central Pacific Financial in the 4th quarter valued at $413,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Central Pacific Financial during the 4th quarter valued at $1,712,000. Hedge funds and other institutional investors own 88.42% of the company's stock.

Analyst Ratings Changes

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 Stock Up 0.8 %

Shares of Central Pacific Financial stock traded up $0.19 on Friday, hitting $25.11. 153,591 shares of the company's stock traded hands, compared to its average volume of 205,345. Central Pacific Financial Corp. has a 52-week low of $18.61 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 cap of $680.88 million, a P/E ratio of 12.75 and a beta of 0.98. The firm's 50-day moving average is $27.07 and its 200 day moving average is $28.58.

Central Pacific Financial (NYSE:CPF - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share 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%. Equities analysts anticipate that Central Pacific Financial Corp. will post 2.75 earnings per share for the current 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 given a dividend of $0.27 per share. This is a positive change from Central Pacific Financial's previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 28th. This represents a $1.08 annualized dividend and a dividend yield of 4.30%. Central Pacific Financial's dividend payout ratio (DPR) 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.