State Street Corp Has $36.24 Million Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

State Street Corp decreased its stake in shares of Central Pacific Financial Corp. (NYSE:CPF) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,228,018 shares of the financial services provider’s stock after selling 28,850 shares during the quarter. State Street Corp owned about 4.54% of Central Pacific Financial worth $36,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP bought a new stake in shares of Central Pacific Financial during the third quarter valued at approximately $53,000. Centiva Capital LP bought a new position in Central Pacific Financial in the 3rd quarter valued at about $355,000. Basswood Capital Management L.L.C. bought a new stake in Central Pacific Financial during the 3rd quarter worth approximately $15,455,000. PDT Partners LLC bought a new position in shares of Central Pacific Financial in the third quarter valued at approximately $454,000. Finally, Martingale Asset Management L P boosted its position in shares of Central Pacific Financial by 4.6% during the third quarter. Martingale Asset Management L P now owns 90,226 shares of the financial services provider’s stock valued at $2,663,000 after buying an additional 3,945 shares during the last quarter. 88.42% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th.

Central Pacific Financial Trading Up 0.1 %

NYSE CPF opened at $28.29 on Friday. The stock has a market capitalization of $765.67 million, a price-to-earnings ratio of 13.47 and a beta of 1.18. The business’s fifty day moving average is $30.20 and its 200-day moving average is $26.62. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a one year low of $18.00 and a one year high of $33.25.

Central Pacific Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were issued a $0.26 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.68%. 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.