Central Pacific Financial Corp. (NYSE:CPF) Shares Purchased by Amundi

Amundi increased its stake in shares of Central Pacific Financial Corp. (NYSE:CPF) by 181.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,616 shares of the financial services provider’s stock after purchasing an additional 8,778 shares during the period. Amundi owned 0.05% of Central Pacific Financial worth $374,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Central Pacific Financial during the 4th quarter valued at $31,000. Quarry LP purchased a new stake in shares of Central Pacific Financial during the 3rd quarter valued at $53,000. SG Americas Securities LLC grew its stake in shares of Central Pacific Financial by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock valued at $193,000 after buying an additional 448 shares during the period. Diversified Trust Co grew its stake in shares of Central Pacific Financial by 9.8% during the 4th quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider’s stock valued at $255,000 after buying an additional 783 shares during the period. Finally, EMC Capital Management grew its stake in shares of Central Pacific Financial by 92.2% during the 4th quarter. EMC Capital Management now owns 11,559 shares of the financial services provider’s stock valued at $336,000 after buying an additional 5,544 shares during the period. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Central Pacific Financial Stock Performance

Shares of CPF stock opened at $26.93 on Friday. The firm has a market capitalization of $730.23 million, a P/E ratio of 13.67 and a beta of 1.17. The company’s fifty day moving average price is $28.44 and its two-hundred day moving average price is $28.92. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a 12 month low of $18.53 and a 12 month high of $33.25.

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

Central Pacific Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.27 dividend. The ex-dividend date of this dividend was 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 dividend yield of 4.01%. Central Pacific Financial’s dividend payout ratio (DPR) is 54.82%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Thursday.

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.