Dimensional Fund Advisors LP Sells 80,025 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Dimensional Fund Advisors LP lessened its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,316,073 shares of the financial services provider's stock after selling 80,025 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.86% of Central Pacific Financial worth $38,232,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. ExodusPoint Capital Management LP boosted its stake 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 acquiring an additional 214,840 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Central Pacific Financial by 36.6% in the fourth quarter. JPMorgan Chase & Co. now owns 589,609 shares of the financial services provider's stock valued at $17,128,000 after purchasing an additional 158,111 shares during the period. American Century Companies Inc. lifted its stake in shares of 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 worth $19,158,000 after buying an additional 77,032 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Central Pacific Financial by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 637,053 shares of the financial services provider's stock worth $18,506,000 after buying an additional 66,053 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Central Pacific Financial in the 4th quarter valued at $1,712,000. 88.42% of the stock is currently 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 report on Thursday, March 20th.

Central Pacific Financial Stock Performance

NYSE CPF traded up $0.44 during trading on Thursday, hitting $26.82. The company's stock had a trading volume of 93,529 shares, compared to its average volume of 203,237. Central Pacific Financial Corp. has a 52 week low of $19.52 and a 52 week high of $33.25. The firm has a market cap of $723.50 million, a P/E ratio of 13.61 and a beta of 1.02. The firm has a 50 day moving average price of $26.19 and a 200 day moving average price of $28.33. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

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

Central Pacific Financial Announces Dividend

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 given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.08 annualized dividend and a yield of 4.03%. Central Pacific Financial's dividend payout ratio (DPR) is 50.47%.

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.