Jane Street Group LLC Raises Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Jane Street Group LLC increased its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 62.7% during the third quarter, HoldingsChannel.com reports. The fund owned 40,463 shares of the financial services provider’s stock after acquiring an additional 15,599 shares during the period. Jane Street Group LLC’s holdings in Central Pacific Financial were worth $1,194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Central Pacific Financial during the 3rd quarter valued at about $50,000. Quarry LP purchased a new stake in Central Pacific Financial in the third quarter valued at approximately $53,000. USA Financial Formulas bought a new stake in Central Pacific Financial during the third quarter valued at approximately $81,000. CWM LLC grew its stake in Central Pacific Financial by 77.7% in the 3rd quarter. CWM LLC now owns 3,477 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,520 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Central Pacific Financial in the 3rd quarter worth $183,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Central Pacific Financial Price Performance

CPF opened at $28.78 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $778.93 million, a P/E ratio of 13.70 and a beta of 1.18. The stock has a 50-day moving average price of $30.11 and a 200-day moving average price of $27.03. Central Pacific Financial Corp. has a 12-month low of $18.00 and a 12-month high of $33.25.

Central Pacific Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, November 29th. Central Pacific Financial’s dividend payout ratio is currently 49.52%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th.

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.