SG Americas Securities LLC Makes New $183,000 Investment in Central Pacific Financial Corp. (NYSE:CPF)

SG Americas Securities LLC acquired a new stake in shares of Central Pacific Financial Corp. (NYSE:CPF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,195 shares of the financial services provider’s stock, valued at approximately $183,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CPF. CWM LLC boosted its holdings in Central Pacific Financial by 221.9% in the second quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Central Pacific Financial by 660.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 2,161 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Central Pacific Financial in the 1st quarter valued at about $134,000. EMC Capital Management purchased a new stake in shares of Central Pacific Financial during the 1st quarter worth about $228,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Central Pacific Financial during the 4th quarter worth about $235,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Central Pacific Financial Trading Up 0.2 %

NYSE CPF opened at $29.02 on Thursday. The firm has a market capitalization of $784.76 million, a price-to-earnings ratio of 14.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. Central Pacific Financial Corp. has a one year low of $14.69 and a one year high of $30.30. The company’s 50 day moving average price is $27.88 and its 200 day moving average price is $23.76.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.10. The firm had revenue of $87.96 million during the quarter, compared to the consensus estimate of $61.74 million. Central Pacific Financial had a return on equity of 11.36% and a net margin of 16.44%. During the same period in the prior year, the firm earned $0.53 EPS. On average, sell-side analysts predict that Central Pacific Financial Corp. will post 2.2 EPS for the current year.

Central Pacific Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date was Friday, August 30th. Central Pacific Financial’s dividend payout ratio is presently 50.73%.

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.