nVerses Capital LLC Purchases New Shares in Central Pacific Financial Corp. (NYSE:CPF)

nVerses Capital LLC acquired a new position in shares of Central Pacific Financial Corp. (NYSE:CPF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,700 shares of the financial services provider’s stock, valued at approximately $50,000.

Other institutional investors also recently bought and sold shares of the company. Acadian Asset Management LLC grew its holdings in shares of Central Pacific Financial by 359.7% during the first quarter. Acadian Asset Management LLC now owns 462,925 shares of the financial services provider’s stock worth $9,140,000 after buying an additional 362,232 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Central Pacific Financial by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider’s stock valued at $29,765,000 after purchasing an additional 77,868 shares during the period. American Century Companies Inc. raised its stake in shares of Central Pacific Financial by 17.8% during the second quarter. American Century Companies Inc. now owns 511,590 shares of the financial services provider’s stock worth $10,846,000 after purchasing an additional 77,265 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Central Pacific Financial by 10.7% during the second quarter. LSV Asset Management now owns 663,230 shares of the financial services provider’s stock worth $14,060,000 after purchasing an additional 63,862 shares during the period. Finally, Boston Partners purchased a new position in Central Pacific Financial in the 1st quarter valued at $740,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Central Pacific Financial Stock Down 3.3 %

Shares of Central Pacific Financial stock opened at $28.48 on Tuesday. Central Pacific Financial Corp. has a one year low of $14.69 and a one year high of $30.30. The company has a market cap of $770.16 million, a P/E ratio of 13.89 and a beta of 1.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average of $27.73 and a two-hundred day moving average of $23.66.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.10. The firm had revenue of $87.96 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.53 earnings per share. On average, analysts forecast that Central Pacific Financial Corp. will post 2.2 earnings per share for the current year.

Central Pacific Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date was Friday, August 30th. Central Pacific Financial’s dividend payout ratio (DPR) is currently 50.73%.

Central Pacific Financial 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.