Balyasny Asset Management L.P. Has $2.64 Million Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Balyasny Asset Management L.P. lifted its stake in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 48.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,985 shares of the financial services provider's stock after purchasing an additional 29,885 shares during the period. Balyasny Asset Management L.P. owned approximately 0.34% of Central Pacific Financial worth $2,643,000 at the end of the most recent reporting period.

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

Central Pacific Financial Trading Up 0.8%

NYSE:CPF traded up $0.23 during mid-day trading on Thursday, hitting $27.61. The company had a trading volume of 88,033 shares, compared to its average volume of 203,480. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. Central Pacific Financial Corp. has a fifty-two week low of $19.52 and a fifty-two week high of $33.25. The firm has a market cap of $744.81 million, a P/E ratio of 14.02 and a beta of 1.02. The business's fifty day moving average is $26.14 and its two-hundred day moving average is $28.28.

Central Pacific Financial (NYSE:CPF - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. The business had revenue of $68.80 million for the quarter, compared to analyst estimates of $68.93 million. During the same quarter last year, the firm earned $0.48 EPS. As a group, research analysts expect that Central Pacific Financial Corp. will post 2.75 earnings per share for the current year.

Central Pacific Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.27 per share. The ex-dividend date is Friday, May 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.91%. Central Pacific Financial's dividend payout ratio is 50.47%.

Insider Activity

In other Central Pacific Financial 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 value of $92,357.43. Following the completion of the transaction, the director now directly owns 72,922 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.40% of the stock is owned by company insiders.

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 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.