SBI Securities Co. Ltd. Purchases Shares of 1,061 Central Pacific Financial Corp. (NYSE:CPF)

SBI Securities Co. Ltd. acquired a new stake in Central Pacific Financial Corp. (NYSE:CPF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,061 shares of the financial services provider’s stock, valued at approximately $31,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of Central Pacific Financial by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider’s stock valued at $12,734,000 after buying an additional 26,139 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Central Pacific Financial by 4.0% in the third quarter. Geode Capital Management LLC now owns 640,369 shares of the financial services provider’s stock valued at $18,901,000 after buying an additional 24,686 shares during the last quarter. Quest Partners LLC lifted its position in shares of Central Pacific Financial by 144.4% in the third quarter. Quest Partners LLC now owns 32,083 shares of the financial services provider’s stock valued at $947,000 after buying an additional 18,955 shares during the last quarter. Barclays PLC lifted its position in shares of Central Pacific Financial by 84.3% in the third quarter. Barclays PLC now owns 58,493 shares of the financial services provider’s stock valued at $1,726,000 after buying an additional 26,755 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Central Pacific Financial in the fourth quarter valued at approximately $413,000. 88.42% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Wednesday.

Central Pacific Financial Stock Performance

NYSE:CPF opened at $26.69 on Thursday. The stock has a market cap of $722.26 million, a P/E ratio of 13.55 and a beta of 1.17. The stock has a 50 day simple moving average of $28.54 and a 200 day simple moving average of $28.97. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. Central Pacific Financial Corp. has a 1-year low of $18.35 and a 1-year high of $33.25.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. Research analysts anticipate that Central Pacific Financial Corp. will post 2.75 earnings per share for the current year.

Central Pacific Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Central Pacific Financial’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.05%. Central Pacific Financial’s payout ratio is currently 54.82%.

About Central Pacific Financial

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.