Central Pacific Financial (NYSE:CPF) Stock Rating Lowered by StockNews.com

Central Pacific Financial (NYSE:CPF) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Central Pacific Financial Trading Up 2.3 %

NYSE:CPF opened at $31.37 on Wednesday. Central Pacific Financial has a 12 month low of $16.95 and a 12 month high of $32.21. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $849.19 million, a price-to-earnings ratio of 14.94 and a beta of 1.14. The firm has a fifty day simple moving average of $29.00 and a two-hundred day simple moving average of $25.19.

Hedge Funds Weigh In On Central Pacific Financial

Large investors have recently modified their holdings of the company. nVerses Capital LLC bought a new stake in Central Pacific Financial during the 3rd quarter valued at $50,000. Quarry LP acquired a new stake in shares of Central Pacific Financial in the 3rd quarter worth about $53,000. CWM LLC raised its holdings 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 worth $41,000 after acquiring an additional 1,349 shares during the last quarter. USA Financial Formulas bought a new position in shares of Central Pacific Financial in the third quarter valued at approximately $81,000. Finally, SG Americas Securities LLC purchased a new position in Central Pacific Financial during the 3rd quarter worth $183,000. 88.42% of the stock is currently owned by institutional investors.

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.