BNP Paribas Financial Markets Has $722,000 Stake in Central Pacific Financial Corp. (NYSE:CPF)

BNP Paribas Financial Markets lessened its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 21.1% in the third quarter, Holdings Channel.com reports. The firm owned 24,457 shares of the financial services provider’s stock after selling 6,555 shares during the period. BNP Paribas Financial Markets’ holdings in Central Pacific Financial were worth $722,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CPF. CWM LLC grew its position 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 in the last quarter. nVerses Capital LLC bought a new position in shares of Central Pacific Financial in the 3rd quarter valued at about $50,000. USA Financial Formulas acquired a new stake in shares of Central Pacific Financial in the third quarter valued at about $81,000. SG Americas Securities LLC bought a new stake in Central Pacific Financial during the third quarter worth about $183,000. Finally, Cadinha & Co. LLC acquired a new position in Central Pacific Financial during the third quarter valued at approximately $225,000. Institutional investors own 88.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday.

Central Pacific Financial Stock Performance

Shares of CPF opened at $30.98 on Friday. The company has a market cap of $838.47 million, a PE ratio of 14.75 and a beta of 1.18. The firm has a 50-day moving average of $30.04 and a 200-day moving average of $26.30. Central Pacific Financial Corp. has a one year low of $18.00 and a one year 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.

Central Pacific Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Friday, November 29th. Central Pacific Financial’s payout ratio 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.