Sei Investments Co. Has $659,000 Stake in Central Pacific Financial Corp. (NYSE:CPF)

Sei Investments Co. lifted its stake in Central Pacific Financial Corp. (NYSE:CPF) by 77.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,084 shares of the financial services provider’s stock after purchasing an additional 13,609 shares during the period. Sei Investments Co. owned 0.11% of Central Pacific Financial worth $659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CWM LLC increased its stake in shares of Central Pacific Financial by 221.9% in the 2nd 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 during the period. Allspring Global Investments Holdings LLC increased its position in Central Pacific Financial by 660.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 2,161 shares during the period. Central Pacific Bank Trust Division bought a new stake in Central Pacific Financial during the 1st quarter worth about $134,000. EMC Capital Management acquired a new position in Central Pacific Financial during the 1st quarter valued at about $228,000. Finally, Quadrature Capital Ltd bought a new position in shares of Central Pacific Financial in the 4th quarter valued at about $235,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Insiders Place Their Bets

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $22.67, for a total value of $75,559.11. Following the completion of the sale, the director now directly owns 75,357 shares of the company’s stock, valued at $1,708,343.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.70% of the company’s stock.

Central Pacific Financial Trading Down 0.9 %

CPF opened at $27.90 on Wednesday. The firm has a 50 day simple moving average of $27.00 and a 200 day simple moving average of $23.04. Central Pacific Financial Corp. has a fifty-two week low of $14.69 and a fifty-two week high of $29.55. The company has a market cap of $754.47 million, a price-to-earnings ratio of 13.61 and a beta of 1.13. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.86 and a quick ratio of 0.86.

Central Pacific Financial (NYSE:CPF) last released its earnings results on Wednesday, July 31st. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. The firm had revenue of $87.96 million during the quarter, compared to analyst estimates of $61.74 million. Central Pacific Financial had a net margin of 16.44% and a return on equity of 11.36%. During the same quarter in the previous year, the business earned $0.53 EPS. On average, sell-side analysts anticipate that Central Pacific Financial Corp. will post 2.2 earnings per share for the current year.

Central Pacific Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.73%. The ex-dividend date was Friday, August 30th. Central Pacific Financial’s payout ratio is 50.73%.

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.