Mackenzie Financial Corp Takes Position in Central Pacific Financial Corp. (NYSE:CPF)

Mackenzie Financial Corp purchased 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 Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,177 shares of the financial services provider's stock, valued at approximately $557,000. Mackenzie Financial Corp owned approximately 0.07% of Central Pacific Financial as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in shares of 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 valued at $193,000 after acquiring an additional 448 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Central Pacific Financial by 3.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,179 shares of the financial services provider's stock valued at $441,000 after acquiring an additional 493 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Central Pacific Financial by 4.4% during the fourth quarter. Sterling Capital Management LLC now owns 17,969 shares of the financial services provider's stock valued at $522,000 after acquiring an additional 762 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Central Pacific Financial by 3.7% during the fourth quarter. Hsbc Holdings PLC now owns 26,575 shares of the financial services provider's stock valued at $766,000 after acquiring an additional 940 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Central Pacific Financial during the fourth quarter valued at approximately $30,000. Institutional investors own 88.42% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Agnes Catherine Ngo sold 3,333 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $27.71, for a total value of $92,357.43. Following the sale, the director now owns 72,922 shares in the company, valued at approximately $2,020,668.62. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul K. Yonamine sold 2,765 shares of Central Pacific Financial stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $26.31, for a total transaction of $72,747.15. Following the transaction, the director now owns 19,711 shares in the company, valued at $518,596.41. This represents a 12.30% decrease in their position. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Central Pacific Financial Stock Up 1.4%

Shares of CPF traded up $0.38 on Friday, hitting $26.68. 220,382 shares of the stock traded hands, compared to its average volume of 206,266. Central Pacific Financial Corp. has a one year low of $19.56 and a one year high of $33.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50 day simple moving average of $26.05 and a 200 day simple moving average of $27.95. The company has a market capitalization of $719.75 million, a PE ratio of 13.54 and a beta of 1.04.

Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) 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 company had revenue of $68.80 million for the quarter, compared to analysts' expectations of $68.93 million. During the same quarter last year, the company posted $0.48 earnings per share. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.05%. The ex-dividend date is Friday, May 30th. Central Pacific Financial's dividend payout ratio is currently 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.