AQR Capital Management LLC Sells 69,766 Shares of Central Pacific Financial Corp. (NYSE:CPF)

AQR Capital Management LLC trimmed its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,078 shares of the financial services provider's stock after selling 69,766 shares during the period. AQR Capital Management LLC owned 0.62% of Central Pacific Financial worth $4,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPF. ExodusPoint Capital Management LP boosted its holdings in shares of Central Pacific Financial by 342.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 277,664 shares of the financial services provider's stock worth $8,066,000 after buying an additional 214,840 shares during the period. JPMorgan Chase & Co. raised its holdings in Central Pacific Financial by 36.6% in the 4th quarter. JPMorgan Chase & Co. now owns 589,609 shares of the financial services provider's stock valued at $17,128,000 after acquiring an additional 158,111 shares in the last quarter. North Reef Capital Management LP lifted its position in shares of Central Pacific Financial by 264.6% during the 4th quarter. North Reef Capital Management LP now owns 188,558 shares of the financial services provider's stock valued at $5,478,000 after acquiring an additional 136,843 shares during the period. American Century Companies Inc. grew its holdings in shares of Central Pacific Financial by 13.2% during the 4th quarter. American Century Companies Inc. now owns 659,482 shares of the financial services provider's stock worth $19,158,000 after purchasing an additional 77,032 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Central Pacific Financial by 11.6% in the fourth quarter. Renaissance Technologies LLC now owns 637,053 shares of the financial services provider's stock worth $18,506,000 after purchasing an additional 66,053 shares during the period. 88.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Central Pacific Financial from a "sell" rating to a "hold" rating in a research report on Thursday, March 20th.

Central Pacific Financial Price Performance

CPF traded up $1.12 during trading on Monday, hitting $27.82. 156,167 shares of the stock traded hands, compared to its average volume of 203,807. Central Pacific Financial Corp. has a twelve month low of $19.52 and a twelve month high of $33.25. The company has a market cap of $750.47 million, a price-to-earnings ratio of 14.12 and a beta of 1.02. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average price of $26.12 and a 200 day moving average price of $28.29.

Central Pacific Financial (NYSE:CPF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. The company had revenue of $68.80 million during the quarter, compared to analysts' expectations of $68.93 million. During the same quarter in the previous year, the firm earned $0.48 EPS. Equities research analysts forecast that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Friday, May 30th. Central Pacific Financial's dividend payout ratio (DPR) is presently 50.47%.

Insider Buying and Selling

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $27.71, for a total transaction of $92,357.43. Following the sale, the director now directly owns 72,922 shares in the company, valued at approximately $2,020,668.62. The trade was a 4.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.40% of the stock is owned by corporate insiders.

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.