Barclays PLC Grows Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Barclays PLC raised its holdings in Central Pacific Financial Corp. (NYSE:CPF) by 84.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,493 shares of the financial services provider’s stock after buying an additional 26,755 shares during the quarter. Barclays PLC owned approximately 0.22% of Central Pacific Financial worth $1,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CPF. nVerses Capital LLC acquired a new stake in shares of Central Pacific Financial during the 3rd quarter worth $50,000. Quarry LP purchased a new stake in Central Pacific Financial during the third quarter valued at about $53,000. USA Financial Formulas acquired a new stake in Central Pacific Financial during the third quarter worth about $81,000. CWM LLC raised its holdings in shares of Central Pacific Financial by 77.7% in the 3rd quarter. CWM LLC now owns 3,477 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,520 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Central Pacific Financial in the 3rd quarter valued at about $183,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th.

Central Pacific Financial Price Performance

Central Pacific Financial stock opened at $28.78 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $778.93 million, a P/E ratio of 13.70 and a beta of 1.18. The firm has a fifty day moving average of $30.12 and a 200-day moving average of $26.92. Central Pacific Financial Corp. has a 52-week low of $18.00 and a 52-week high of $33.25.

Central Pacific Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was 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.