BNP Paribas Financial Markets Has $722,000 Holdings in Central Pacific Financial Corp. (NYSE:CPF)

BNP Paribas Financial Markets cut its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 21.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,457 shares of the financial services provider’s stock after selling 6,555 shares during the period. BNP Paribas Financial Markets owned about 0.09% of Central Pacific Financial worth $722,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in shares of 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 buying an additional 1,349 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Central Pacific Financial by 23.5% during the second quarter. Nisa Investment Advisors LLC now owns 17,860 shares of the financial services provider’s stock worth $379,000 after purchasing an additional 3,400 shares in the last quarter. Bailard Inc. grew its stake in shares of Central Pacific Financial by 14.0% during the second quarter. Bailard Inc. now owns 19,500 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 2,400 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Central Pacific Financial by 0.6% in the second 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 in the last quarter. Finally, Acadian Asset Management LLC raised its position in Central Pacific Financial by 16.6% in the 2nd quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock worth $11,442,000 after purchasing an additional 76,957 shares during the last quarter. 88.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday.

Central Pacific Financial Stock Performance

Central Pacific Financial stock opened at $30.98 on Friday. Central Pacific Financial Corp. has a 1 year low of $18.00 and a 1 year high of $33.25. The company’s 50-day moving average is $30.04 and its two-hundred day moving average is $26.30. 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 company has a market cap of $838.47 million, a PE ratio of 14.75 and a beta of 1.18.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid 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 3.36%. Central Pacific Financial’s dividend payout ratio (DPR) is presently 49.52%.

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.