Public Sector Pension Investment Board Raises Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Public Sector Pension Investment Board grew its holdings in Central Pacific Financial Corp. (NYSE:CPF) by 6.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,486 shares of the financial services provider’s stock after buying an additional 3,361 shares during the period. Public Sector Pension Investment Board owned approximately 0.22% of Central Pacific Financial worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Panagora Asset Management Inc. grew its stake in shares of Central Pacific Financial by 0.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 152,349 shares of the financial services provider’s stock worth $3,230,000 after buying an additional 949 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Central Pacific Financial by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,507 shares of the financial services provider’s stock worth $504,000 after buying an additional 1,020 shares in the last quarter. CWM LLC grew its stake in shares of Central Pacific Financial by 221.9% in the 2nd quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,349 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Central Pacific Financial by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 156,553 shares of the financial services provider’s stock worth $3,092,000 after buying an additional 1,795 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Central Pacific Financial by 660.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider’s stock worth $49,000 after buying an additional 2,161 shares in the last quarter. 88.42% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $22.67, for a total transaction of $75,559.11. Following the completion of the transaction, the director now directly owns 75,357 shares of the company’s stock, valued at approximately $1,708,343.19. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Central Pacific Financial Stock Performance

Shares of NYSE:CPF opened at $28.06 on Wednesday. Central Pacific Financial Corp. has a 52 week low of $14.69 and a 52 week high of $29.55. The stock has a market capitalization of $758.80 million, a P/E ratio of 13.69 and a beta of 1.12. The firm has a fifty day simple moving average of $26.68 and a two-hundred day simple moving average of $22.65. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.30.

Central Pacific Financial (NYSE:CPF) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. Central Pacific Financial had a net margin of 16.44% and a return on equity of 11.36%. The firm had revenue of $87.96 million during the quarter, compared to analysts’ expectations of $61.74 million. During the same period in the previous year, the company earned $0.53 EPS. On average, analysts expect that Central Pacific Financial Corp. will post 2.2 earnings per share for the current fiscal year.

Central Pacific Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, August 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.71%. Central Pacific Financial’s dividend payout ratio is presently 50.73%.

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.