Central Pacific Financial Corp. (NYSE:CPF) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of Central Pacific Financial Corp. (NYSE:CPF) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,892 shares of the financial services provider’s stock after buying an additional 2,617 shares during the period. New York State Teachers Retirement System owned 0.10% of Central Pacific Financial worth $781,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Central Pacific Financial in the 3rd quarter valued at $53,000. SG Americas Securities LLC raised its holdings in shares of Central Pacific Financial by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock valued at $193,000 after buying an additional 448 shares during the period. Diversified Trust Co raised its holdings in shares of Central Pacific Financial by 9.8% in the 4th quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider’s stock valued at $255,000 after buying an additional 783 shares during the period. EMC Capital Management raised its holdings in shares of Central Pacific Financial by 92.2% in the 4th quarter. EMC Capital Management now owns 11,559 shares of the financial services provider’s stock valued at $336,000 after buying an additional 5,544 shares during the period. Finally, Centiva Capital LP purchased a new stake in shares of Central Pacific Financial in the 3rd quarter valued at $355,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Central Pacific Financial Price Performance

Shares of NYSE CPF opened at $28.35 on Monday. The stock’s 50-day moving average is $28.78 and its two-hundred day moving average is $28.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a 1-year low of $18.19 and a 1-year high of $33.25. The company has a market cap of $767.37 million, a price-to-earnings ratio of 14.39 and a beta of 1.19.

Central Pacific Financial (NYSE:CPF) last issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. Analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Friday, February 28th. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.26. Central Pacific Financial’s dividend payout ratio (DPR) is 54.82%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Central Pacific Financial from a “sell” rating to a “hold” rating in a report on Thursday, February 13th.

About Central Pacific Financial

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.