Auxier Asset Management trimmed its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,847 shares of the financial services provider’s stock after selling 2,550 shares during the period. Auxier Asset Management owned approximately 0.35% of Central Pacific Financial worth $2,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its holdings in Central Pacific Financial by 170.9% during the 1st quarter. American Century Companies Inc. now owns 347,330 shares of the financial services provider’s stock valued at $9,885,000 after buying an additional 219,094 shares during the period. LSV Asset Management raised its holdings in Central Pacific Financial by 2.4% during the 1st quarter. LSV Asset Management now owns 699,673 shares of the financial services provider’s stock valued at $19,912,000 after buying an additional 16,400 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in Central Pacific Financial by 17.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 220,435 shares of the financial services provider’s stock valued at $6,274,000 after buying an additional 32,680 shares during the period. KBC Group NV raised its holdings in Central Pacific Financial by 20.6% during the 1st quarter. KBC Group NV now owns 44,648 shares of the financial services provider’s stock valued at $1,271,000 after buying an additional 7,621 shares during the period. Finally, Northern Trust Corp raised its holdings in Central Pacific Financial by 0.7% during the 1st quarter. Northern Trust Corp now owns 465,355 shares of the financial services provider’s stock valued at $13,244,000 after buying an additional 3,160 shares during the period. 92.20% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently weighed in on CPF. Zacks Investment Research lowered Central Pacific Financial from a “buy” rating to a “hold” rating in a report on Monday, October 1st. ValuEngine lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Monday, June 11th.
NYSE:CPF traded down $0.33 during midday trading on Friday, hitting $26.36. 111,481 shares of the company traded hands, compared to its average volume of 143,499. Central Pacific Financial Corp. has a 12-month low of $25.90 and a 12-month high of $33.15. The firm has a market capitalization of $777.66 million, a PE ratio of 16.58 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.78 and a current ratio of 0.78.
Central Pacific Financial (NYSE:CPF) last released its quarterly earnings results on Wednesday, July 25th. The financial services provider reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.01. The company had revenue of $52.30 million for the quarter, compared to analyst estimates of $52.45 million. Central Pacific Financial had a return on equity of 10.54% and a net margin of 19.71%. Equities analysts forecast that Central Pacific Financial Corp. will post 1.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, August 30th. Central Pacific Financial’s dividend payout ratio (DPR) is presently 52.83%.
In other Central Pacific Financial news, EVP Arnold D. Martines sold 1,080 shares of the company’s stock in a transaction on Friday, August 3rd. The stock was sold at an average price of $27.99, for a total value of $30,229.20. Following the transaction, the executive vice president now owns 24 shares of the company’s stock, valued at approximately $671.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.30% of the company’s stock.
Central Pacific Financial Company Profile
Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit.
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