Cubist Systematic Strategies LLC bought a new stake in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 48,896 shares of the financial services provider's stock, valued at approximately $1,420,000. Cubist Systematic Strategies LLC owned about 0.18% of Central Pacific Financial at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the business. Picton Mahoney Asset Management acquired a new position in shares of Central Pacific Financial during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Central Pacific Financial in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP bought a new stake in Central Pacific Financial during the fourth quarter worth approximately $55,000. KLP Kapitalforvaltning AS acquired a new position in shares of Central Pacific Financial during the fourth quarter worth approximately $168,000. Finally, SG Americas Securities LLC boosted its stake in Central Pacific Financial by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider's stock worth $193,000 after buying an additional 448 shares in the last quarter. Institutional investors own 88.42% of the company's stock.
Insider Transactions at Central Pacific Financial
In other news, Director Agnes Catherine Ngo sold 3,333 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $27.71, for a total value of $92,357.43. Following the sale, the director now directly owns 72,922 shares of the company's stock, valued at $2,020,668.62. The trade was a 4.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.40% of the company's stock.
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.
Check Out Our Latest Report on Central Pacific Financial
Central Pacific Financial Price Performance
CPF traded down $0.14 on Friday, reaching $27.46. The stock had a trading volume of 101,592 shares, compared to its average volume of 204,400. 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 50-day moving average of $26.17 and a 200-day moving average of $28.28. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $740.73 million, a price-to-earnings ratio of 13.94 and a beta of 1.02.
Central Pacific Financial (NYSE:CPF - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The company 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 quarter in the prior year, the company earned $0.48 EPS. As a group, sell-side analysts anticipate that Central Pacific Financial Corp. will post 2.75 EPS for the current year.
Central Pacific Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 3.93%. The ex-dividend date of this dividend is Friday, May 30th. Central Pacific Financial's dividend payout ratio (DPR) is 50.47%.
Central Pacific Financial Profile
(
Free Report)
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.
Featured Articles
Before you consider Central Pacific Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Central Pacific Financial wasn't on the list.
While Central Pacific Financial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
