Central Pacific Financial Corp. (NYSE:CPF) Position Lessened by Sei Investments Co.

Sei Investments Co. decreased its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 18.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 68,941 shares of the financial services provider’s stock after selling 16,111 shares during the period. Sei Investments Co. owned 0.25% of Central Pacific Financial worth $2,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in Central Pacific Financial in the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Central Pacific Financial in the 4th quarter valued at $31,000. Quarry LP bought a new stake in Central Pacific Financial in the third quarter worth $53,000. Quantbot Technologies LP acquired a new position in Central Pacific Financial during the fourth quarter worth $55,000. Finally, SG Americas Securities LLC increased its position in Central Pacific Financial by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock worth $193,000 after buying an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Central Pacific Financial Stock Down 4.1 %

Shares of Central Pacific Financial stock opened at $23.91 on Friday. Central Pacific Financial Corp. has a 12-month low of $18.53 and a 12-month high of $33.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $28.15 and a two-hundred day moving average price of $28.89. The stock has a market capitalization of $648.21 million, a P/E ratio of 12.13 and a beta of 1.17.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) 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%. Equities analysts expect that Central Pacific Financial Corp. will post 2.75 earnings per share for the current year.

Central Pacific Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.27 dividend. This is an increase from Central Pacific Financial’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Friday, February 28th. Central Pacific Financial’s dividend payout ratio (DPR) is currently 54.82%.

Analyst Ratings Changes

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

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.