JPMorgan Chase & Co. Buys 26,139 Shares of Central Pacific Financial Corp. (NYSE:CPF)

JPMorgan Chase & Co. grew its stake in Central Pacific Financial Corp. (NYSE:CPF) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 431,498 shares of the financial services provider’s stock after buying an additional 26,139 shares during the quarter. JPMorgan Chase & Co.’s holdings in Central Pacific Financial were worth $12,734,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Algert Global LLC boosted its stake in Central Pacific Financial by 1.4% in the 3rd quarter. Algert Global LLC now owns 41,936 shares of the financial services provider’s stock worth $1,238,000 after purchasing an additional 570 shares during the period. CWM LLC lifted its holdings in shares of Central Pacific Financial by 77.7% in the third quarter. CWM LLC now owns 3,477 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 1,520 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Central Pacific Financial in the third quarter valued at about $50,000. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Central Pacific Financial by 12.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,490 shares of the financial services provider’s stock worth $458,000 after buying an additional 1,769 shares during the period. Finally, Quarry LP bought a new position in shares of Central Pacific Financial during the third quarter worth about $53,000. Institutional investors own 88.42% of the company’s stock.

Analyst Ratings Changes

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 Trading Down 3.5 %

Shares of NYSE:CPF opened at $26.49 on Friday. The stock has a market capitalization of $716.95 million, a PE ratio of 12.61 and a beta of 1.19. The company’s 50-day moving average price is $30.02 and its two-hundred day moving average price is $27.56. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a one year low of $18.00 and a one year high of $33.25.

Central Pacific Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.04 annualized dividend and a yield of 3.93%. Central Pacific Financial’s dividend payout ratio (DPR) is presently 49.52%.

Central Pacific Financial 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.