Quantbot Technologies LP Invests $55,000 in Central Pacific Financial Corp. (NYSE:CPF)

Quantbot Technologies LP purchased a new stake in shares of Central Pacific Financial Corp. (NYSE:CPF) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,881 shares of the financial services provider’s stock, valued at approximately $55,000.

Several other large investors have also recently bought and sold shares of CPF. SG Americas Securities LLC boosted its stake in shares of Central Pacific Financial by 7.2% during the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock valued at $193,000 after buying an additional 448 shares during the period. Diversified Trust Co increased its stake in shares of Central Pacific Financial by 9.8% in the fourth quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 783 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Central Pacific Financial during the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in Central Pacific Financial during the fourth quarter valued at $31,000. Finally, Quarry LP purchased a new position in Central Pacific Financial in the third quarter valued at about $53,000. 88.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com raised Central Pacific Financial from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Central Pacific Financial Price Performance

Shares of CPF opened at $27.00 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $732.08 million, a PE ratio of 13.70 and a beta of 1.17. The firm’s 50 day moving average price is $28.33 and its 200 day moving average price is $28.95. Central Pacific Financial Corp. has a twelve month low of $18.53 and a twelve month high of $33.25.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. As a group, research analysts expect that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.27 per share. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.00%. The ex-dividend date was Friday, February 28th. Central Pacific Financial’s dividend payout ratio (DPR) is 54.82%.

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.