State Street Corp Has $36.24 Million Position in Central Pacific Financial Corp. (NYSE:CPF)

State Street Corp lessened its stake in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,228,018 shares of the financial services provider's stock after selling 28,850 shares during the period. State Street Corp owned about 4.54% of Central Pacific Financial worth $36,239,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CPF. Algert Global LLC raised its holdings in shares of Central Pacific Financial by 1.4% during the third quarter. Algert Global LLC now owns 41,936 shares of the financial services provider's stock valued at $1,238,000 after acquiring an additional 570 shares during the period. Panagora Asset Management Inc. raised its stake in Central Pacific Financial by 0.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 152,349 shares of the financial services provider's stock valued at $3,230,000 after purchasing an additional 949 shares during the period. CWM LLC lifted its holdings in shares of Central Pacific Financial by 77.7% in the third quarter. CWM LLC now owns 3,477 shares of the financial services provider's stock valued at $103,000 after purchasing an additional 1,520 shares in the last quarter. nVerses Capital LLC acquired a new stake in shares of Central Pacific Financial in the third quarter worth $50,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Central Pacific Financial by 12.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,490 shares of the financial services provider's stock valued at $458,000 after buying an additional 1,769 shares in the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

Central Pacific Financial Stock Up 0.1 %

Central Pacific Financial stock traded up $0.02 during trading hours on Friday, hitting $28.29. The company had a trading volume of 1,597,234 shares, compared to its average volume of 201,059. Central Pacific Financial Corp. has a fifty-two week low of $18.00 and a fifty-two week high of $33.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $765.67 million, a P/E ratio of 13.47 and a beta of 1.18. The firm's fifty day moving average is $30.18 and its 200-day moving average is $26.68.

Central Pacific Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.04 annualized dividend and a dividend yield of 3.68%. Central Pacific Financial's dividend payout ratio is 49.52%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Central Pacific Financial from a "hold" rating to a "sell" rating in a research note on Tuesday, December 10th.

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.