Assenagon Asset Management S.A. Sells 202,535 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Assenagon Asset Management S.A. lessened its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 44.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,597 shares of the financial services provider’s stock after selling 202,535 shares during the period. Assenagon Asset Management S.A. owned approximately 0.94% of Central Pacific Financial worth $7,367,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CPF. Texas Permanent School Fund Corp boosted its stake in Central Pacific Financial by 44.7% in the second quarter. Texas Permanent School Fund Corp now owns 34,252 shares of the financial services provider’s stock valued at $726,000 after buying an additional 10,584 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Central Pacific Financial by 17.8% in the 2nd quarter. American Century Companies Inc. now owns 511,590 shares of the financial services provider’s stock valued at $10,846,000 after purchasing an additional 77,265 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Central Pacific Financial by 5.9% during the 2nd 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 last quarter. Renaissance Technologies LLC grew its holdings in shares of Central Pacific Financial by 3.6% during the 2nd quarter. Renaissance Technologies LLC now owns 550,400 shares of the financial services provider’s stock valued at $11,668,000 after purchasing an additional 19,247 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in Central Pacific Financial during the 2nd quarter worth approximately $297,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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

Shares of CPF opened at $28.59 on Monday. 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 stock has a market cap of $773.79 million, a PE ratio of 13.61 and a beta of 1.19. Central Pacific Financial Corp. has a 12-month low of $18.00 and a 12-month high of $33.25. The business has a 50-day simple moving average of $29.89 and a two-hundred day simple moving average of $27.85.

Central Pacific Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, November 29th. Central Pacific Financial’s payout ratio is currently 49.52%.

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.