Central Pacific Financial (NYSE:CPF – Get Free Report) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.
Central Pacific Financial Stock Performance
Shares of NYSE CPF opened at $31.20 on Monday. The company has a market cap of $844.58 million, a PE ratio of 14.86 and a beta of 1.18. Central Pacific Financial has a 12 month low of $18.00 and a 12 month high of $33.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day simple moving average of $29.55 and a 200-day simple moving average of $25.79.
Institutional Investors Weigh In On Central Pacific Financial
Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of Central Pacific Financial during the third quarter worth about $50,000. Quarry LP purchased a new stake in Central Pacific Financial in the third quarter valued at approximately $53,000. CWM LLC grew its holdings in Central Pacific Financial by 221.9% in the second quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 1,349 shares during the period. USA Financial Formulas purchased a new stake in Central Pacific Financial in the third quarter valued at approximately $81,000. Finally, SG Americas Securities LLC purchased a new stake in Central Pacific Financial in the third quarter valued at approximately $183,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.
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.
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