1,881 Shares in Central Pacific Financial Corp. (NYSE:CPF) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Central Pacific Financial Corp. (NYSE:CPF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,881 shares of the financial services provider’s stock, valued at approximately $55,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPF. Boston Partners grew its holdings in Central Pacific Financial by 55.1% in the 4th quarter. Boston Partners now owns 12,993 shares of the financial services provider’s stock worth $377,000 after buying an additional 4,616 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Central Pacific Financial by 29.5% in the fourth quarter. Intech Investment Management LLC now owns 14,501 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 3,300 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in shares of Central Pacific Financial during the fourth quarter valued at $30,000. Amundi increased its holdings in shares of Central Pacific Financial by 181.4% during the fourth quarter. Amundi now owns 13,616 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 8,778 shares during the period. Finally, Jackson Creek Investment Advisors LLC bought a new stake in shares of Central Pacific Financial during the fourth quarter valued at about $1,463,000. 88.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Central Pacific Financial Price Performance

NYSE CPF opened at $27.00 on Wednesday. The firm has a market capitalization of $732.08 million, a PE ratio of 13.70 and a beta of 1.17. 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. The company’s 50 day simple moving average is $28.33 and its 200 day simple moving average is $28.95.

Central Pacific Financial (NYSE:CPF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) 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%. As a group, equities research analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.27 per share. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 annualized dividend and a dividend yield of 4.00%. Central Pacific Financial’s dividend payout ratio (DPR) is 54.82%.

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.