Intech Investment Management LLC Has $331,000 Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Intech Investment Management LLC trimmed its position in Central Pacific Financial Corp. (NYSE:CPF) by 20.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,201 shares of the financial services provider’s stock after selling 2,811 shares during the quarter. Intech Investment Management LLC’s holdings in Central Pacific Financial were worth $331,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of CPF. CWM LLC lifted its position in shares of Central Pacific Financial by 221.9% in the 2nd quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 1,349 shares during the period. nVerses Capital LLC acquired a new position in shares of Central Pacific Financial in the third quarter valued at $50,000. USA Financial Formulas bought a new position in Central Pacific Financial in the third quarter worth $81,000. SG Americas Securities LLC acquired a new stake in Central Pacific Financial during the third quarter worth $183,000. Finally, Cadinha & Co. LLC bought a new stake in Central Pacific Financial in the 3rd quarter valued at $225,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a report on Monday.

Central Pacific Financial Trading Down 0.7 %

CPF stock opened at $31.20 on Wednesday. Central Pacific Financial Corp. has a 1-year low of $18.00 and a 1-year 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 business’s 50 day moving average is $29.55 and its 200-day moving average is $25.79. The firm has a market cap of $844.58 million, a P/E ratio of 14.86 and a beta of 1.18.

Central Pacific Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.33%. Central Pacific Financial’s payout ratio 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.