Victory Capital Management Inc. Cuts Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Victory Capital Management Inc. trimmed its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,973 shares of the financial services provider’s stock after selling 9,027 shares during the quarter. Victory Capital Management Inc. owned approximately 0.11% of Central Pacific Financial worth $855,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CPF. CWM LLC grew its holdings in Central Pacific Financial by 221.9% in the second quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 1,349 shares during the last quarter. nVerses Capital LLC purchased a new position in Central Pacific Financial in the third quarter worth $50,000. USA Financial Formulas purchased a new position in Central Pacific Financial in the third quarter worth $81,000. SG Americas Securities LLC purchased a new position in Central Pacific Financial in the third quarter worth $183,000. Finally, Cadinha & Co. LLC purchased a new position in Central Pacific Financial in the third quarter worth $225,000. 88.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th.

Central Pacific Financial Price Performance

Shares of CPF opened at $32.39 on Thursday. The firm has a market capitalization of $876.80 million, a PE ratio of 15.34 and a beta of 1.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a 1-year low of $16.95 and a 1-year high of $33.25. The company’s fifty day moving average price is $29.28 and its 200-day moving average price is $25.49.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, November 29th. Central Pacific Financial’s dividend payout ratio (DPR) is presently 49.52%.

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.