Trexquant Investment LP Increases Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Trexquant Investment LP boosted its stake in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 19.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,852 shares of the financial services provider's stock after acquiring an additional 12,860 shares during the quarter. Trexquant Investment LP owned about 0.29% of Central Pacific Financial worth $2,320,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in shares of Central Pacific Financial by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 644,390 shares of the financial services provider's stock valued at $18,724,000 after purchasing an additional 4,021 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in Central Pacific Financial by 4,424.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,339 shares of the financial services provider's stock worth $421,000 after buying an additional 15,000 shares during the period. JPMorgan Chase & Co. boosted its stake in Central Pacific Financial by 36.6% during the fourth quarter. JPMorgan Chase & Co. now owns 589,609 shares of the financial services provider's stock worth $17,128,000 after buying an additional 158,111 shares during the period. Vanguard Group Inc. increased its position in Central Pacific Financial by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,124,330 shares of the financial services provider's stock valued at $61,712,000 after acquiring an additional 20,196 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Central Pacific Financial in the fourth quarter valued at $168,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Central Pacific Financial Trading Down 0.5 %

Shares of CPF traded down $0.11 during mid-day trading on Friday, reaching $24.01. 127,148 shares of the company's stock traded hands, compared to its average volume of 204,905. Central Pacific Financial Corp. has a 12 month low of $18.60 and a 12 month high of $33.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $651.08 million, a P/E ratio of 12.19 and a beta of 0.98. The stock's 50-day moving average is $27.48 and its two-hundred day moving average is $28.69.

Central Pacific Financial (NYSE:CPF - Get Free Report) last released its 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 return on equity of 12.03% and a net margin of 15.49%. Research analysts forecast that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued 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 of this dividend was Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 4.50%. Central Pacific Financial's dividend payout ratio (DPR) is presently 54.82%.

Central Pacific Financial Company 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.