Barclays PLC Buys 26,755 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Barclays PLC raised its stake in Central Pacific Financial Corp. (NYSE:CPF) by 84.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 58,493 shares of the financial services provider’s stock after acquiring an additional 26,755 shares during the period. Barclays PLC owned approximately 0.22% of Central Pacific Financial worth $1,726,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Algert Global LLC increased its holdings in shares of Central Pacific Financial by 1.4% in the third quarter. Algert Global LLC now owns 41,936 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 570 shares during the last quarter. CWM LLC boosted its stake in Central Pacific Financial by 77.7% during the third quarter. CWM LLC now owns 3,477 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,520 shares during the last quarter. nVerses Capital LLC purchased a new position in Central Pacific Financial during the 3rd quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Central Pacific Financial by 12.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,490 shares of the financial services provider’s stock worth $458,000 after acquiring an additional 1,769 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Central Pacific Financial during the 3rd quarter worth approximately $53,000. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Central Pacific Financial Stock Performance

Central Pacific Financial stock opened at $26.49 on Friday. The company’s 50-day moving average price is $30.02 and its 200-day moving average price is $27.56. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The company has a market cap of $716.95 million, a PE ratio of 12.61 and a beta of 1.19. Central Pacific Financial Corp. has a twelve month low of $18.00 and a twelve month high of $33.25.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.04 annualized dividend and a yield of 3.93%. Central Pacific Financial’s payout ratio is currently 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.