Deutsche Bank AG Has $783,000 Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Deutsche Bank AG lifted its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 68.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,957 shares of the financial services provider's stock after purchasing an additional 10,990 shares during the period. Deutsche Bank AG owned about 0.10% of Central Pacific Financial worth $783,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CPF. Picton Mahoney Asset Management purchased a new position in shares of Central Pacific Financial in the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Central Pacific Financial in the fourth quarter worth approximately $31,000. Quantbot Technologies LP purchased a new position in shares of Central Pacific Financial in the fourth quarter worth approximately $55,000. KLP Kapitalforvaltning AS purchased a new position in shares of Central Pacific Financial in the fourth quarter worth approximately $168,000. Finally, SG Americas Securities LLC increased its position in shares of Central Pacific Financial by 7.2% in the fourth quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider's stock worth $193,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company's stock.

Central Pacific Financial Stock Down 1.0%

Central Pacific Financial stock traded down $0.28 during trading hours on Friday, hitting $26.65. The company had a trading volume of 265,507 shares, compared to its average volume of 206,632. The firm has a market capitalization of $718.91 million, a P/E ratio of 13.53 and a beta of 1.02. 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 firm's fifty day moving average is $26.13 and its 200-day moving average is $28.07. Central Pacific Financial Corp. has a fifty-two week low of $19.52 and a fifty-two week high of $33.25.

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, 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 net margin of 15.49% and a return on equity of 12.03%. During the same quarter in the prior year, the business earned $0.48 EPS. On average, research analysts forecast that Central Pacific Financial Corp. will post 2.75 earnings per share for the current year.

Central Pacific Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.08 annualized dividend and a yield of 4.05%. Central Pacific Financial's dividend payout ratio is presently 50.47%.

Insider Buying and Selling at Central Pacific Financial

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial 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 completion of the sale, the director now directly owns 72,922 shares in the company, valued at $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 available through the SEC website. Company insiders own 2.40% of the company's stock.

Wall Street Analysts Forecast Growth

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.

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.