Central Pacific Financial Corp. (NYSE:CPF) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its stake in shares of Central Pacific Financial Corp. (NYSE:CPF) by 4.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 640,369 shares of the financial services provider’s stock after buying an additional 24,686 shares during the quarter. Geode Capital Management LLC owned about 2.37% of Central Pacific Financial worth $18,901,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Basswood Capital Management L.L.C. purchased a new stake in shares of Central Pacific Financial during the third quarter worth about $15,455,000. Assenagon Asset Management S.A. grew its stake in Central Pacific Financial by 143.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 456,132 shares of the financial services provider’s stock worth $13,460,000 after acquiring an additional 268,719 shares during the period. Dimensional Fund Advisors LP raised its holdings in Central Pacific Financial by 5.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider’s stock valued at $29,765,000 after acquiring an additional 77,868 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Central Pacific Financial by 17.8% during the 2nd quarter. American Century Companies Inc. now owns 511,590 shares of the financial services provider’s stock worth $10,846,000 after purchasing an additional 77,265 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Central Pacific Financial by 16.6% during the second 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. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th.

Central Pacific Financial Price Performance

Central Pacific Financial stock opened at $28.78 on Friday. Central Pacific Financial Corp. has a 1 year low of $18.00 and a 1 year high of $33.25. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a 50 day moving average price of $30.11 and a 200 day moving average price of $26.98. The company has a market cap of $778.93 million, a price-to-earnings ratio of 13.70 and a beta of 1.18.

Central Pacific Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.61%. Central Pacific Financial’s payout ratio is 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.