Cubist Systematic Strategies LLC Buys New Shares in Central Pacific Financial Corp. (NYSE:CPF)

Cubist Systematic Strategies LLC purchased a new stake in Central Pacific Financial Corp. (NYSE:CPF - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 48,896 shares of the financial services provider's stock, valued at approximately $1,420,000. Cubist Systematic Strategies LLC owned 0.18% of Central Pacific Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management bought a new stake in Central Pacific Financial during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Central Pacific Financial in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP acquired a new stake in shares of Central Pacific Financial in the 4th quarter valued at approximately $55,000. KLP Kapitalforvaltning AS acquired a new stake in Central Pacific Financial during the 4th quarter worth approximately $168,000. Finally, SG Americas Securities LLC raised its holdings in Central Pacific Financial by 7.2% during the 4th 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 during the period. Institutional investors own 88.42% of the company's stock.

Analysts Set New Price Targets

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

Insider Transactions at Central Pacific Financial

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $27.71, for a total transaction of $92,357.43. Following the transaction, the director now directly owns 72,922 shares in the company, valued at approximately $2,020,668.62. This represents a 4.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.40% of the company's stock.

Central Pacific Financial Trading Up 4.2%

CPF stock opened at $27.82 on Tuesday. 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 company has a fifty day moving average price of $26.13 and a two-hundred day moving average price of $28.29. Central Pacific Financial Corp. has a one year low of $19.52 and a one year high of $33.25. The stock has a market cap of $750.47 million, a price-to-earnings ratio of 14.12 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.02. The company had revenue of $68.80 million during the quarter, compared to analysts' expectations of $68.93 million. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. During the same quarter in the previous year, the business posted $0.48 earnings per share. Equities analysts anticipate that Central Pacific Financial Corp. will post 2.75 EPS 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 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 of this dividend is Friday, May 30th. Central Pacific Financial's dividend payout ratio (DPR) is currently 50.47%.

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.

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