Algert Global LLC boosted its holdings in Central Pacific Financial Corp. (NYSE:CPF – Free Report) by 7.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,366 shares of the financial services provider’s stock after buying an additional 2,717 shares during the quarter. Algert Global LLC owned 0.15% of Central Pacific Financial worth $877,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the stock. CWM LLC lifted its stake in Central Pacific Financial by 221.9% during the second quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock valued at $41,000 after buying an additional 1,349 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Central Pacific Financial by 660.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 2,161 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in Central Pacific Financial in the 1st quarter worth approximately $134,000. EMC Capital Management purchased a new position in Central Pacific Financial during the 1st quarter worth approximately $228,000. Finally, Quadrature Capital Ltd purchased a new position in Central Pacific Financial during the 4th quarter worth approximately $235,000. Institutional investors own 88.42% of the company’s stock.
Central Pacific Financial Price Performance
CPF opened at $28.30 on Friday. The firm has a market capitalization of $765.29 million, a P/E ratio of 13.80 and a beta of 1.13. The stock has a fifty day moving average of $26.90 and a 200-day moving average of $22.89. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30. Central Pacific Financial Corp. has a 12-month low of $14.69 and a 12-month high of $29.55.
Central Pacific Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Friday, August 30th. Central Pacific Financial’s payout ratio is presently 50.73%.
Insider Buying and Selling at Central Pacific Financial
In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock in a transaction on Friday, July 12th. The shares were sold at an average price of $22.67, for a total transaction of $75,559.11. Following the completion of the sale, the director now owns 75,357 shares of the company’s stock, valued at $1,708,343.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.70% of the company’s stock.
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.
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