Thrivent Financial for Lutherans Decreases Stock Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Thrivent Financial for Lutherans lessened its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 61.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 62,959 shares of the financial services provider's stock after selling 101,358 shares during the period. Thrivent Financial for Lutherans owned approximately 0.23% of Central Pacific Financial worth $1,858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Central Pacific Financial by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 86,251 shares of the financial services provider's stock worth $2,545,000 after acquiring an additional 4,288 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Central Pacific Financial by 12.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,490 shares of the financial services provider's stock worth $458,000 after purchasing an additional 1,769 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Central Pacific Financial by 143.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 456,132 shares of the financial services provider's stock valued at $13,460,000 after purchasing an additional 268,719 shares during the period. nVerses Capital LLC purchased a new stake in Central Pacific Financial in the third quarter worth about $50,000. Finally, Cadinha & Co. LLC bought a new stake in shares of Central Pacific Financial during the third quarter valued at approximately $225,000. 88.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Central Pacific Financial from a "hold" rating to a "sell" rating in a research note on Wednesday, November 20th.

Central Pacific Financial Stock Performance

Central Pacific Financial stock traded down $0.21 during trading on Friday, reaching $31.92. The company had a trading volume of 103,639 shares, compared to its average volume of 195,554. Central Pacific Financial Corp. has a 52 week low of $17.33 and a 52 week high of $33.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $864.07 million, a price-to-earnings ratio of 15.42 and a beta of 1.14. The firm's 50-day simple moving average is $29.43 and its 200 day simple moving average is $25.59.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, November 29th. Central Pacific Financial's dividend payout ratio (DPR) is presently 49.52%.

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.