GAMMA Investing LLC Has $1.20 Million Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

GAMMA Investing LLC grew its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 3,028.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,264 shares of the financial services provider's stock after acquiring an additional 42,849 shares during the quarter. GAMMA Investing LLC owned 0.16% of Central Pacific Financial worth $1,197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Central Pacific Financial by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,179 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 493 shares during the period. Sterling Capital Management LLC raised its position in shares of Central Pacific Financial by 4.4% in the fourth quarter. Sterling Capital Management LLC now owns 17,969 shares of the financial services provider's stock valued at $522,000 after buying an additional 762 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Central Pacific Financial by 3.7% in the fourth quarter. Hsbc Holdings PLC now owns 26,575 shares of the financial services provider's stock valued at $766,000 after buying an additional 940 shares during the period. Picton Mahoney Asset Management acquired a new stake in Central Pacific Financial during the fourth quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Central Pacific Financial in the fourth quarter worth $31,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Central Pacific Financial

In other Central Pacific Financial 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 $2,020,668.62. This trade represents a 4.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Paul K. Yonamine sold 2,765 shares of the company's 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 of the company's stock, valued at $518,596.41. This trade represents a 12.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,431 shares of company stock valued at $255,062 over the last ninety days. 2.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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 Price Performance

Shares of Central Pacific Financial stock traded down $0.44 on Monday, reaching $26.03. 226,295 shares of the stock were exchanged, compared to its average volume of 208,865. 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 firm has a market cap of $702.13 million, a PE ratio of 13.21 and a beta of 1.04. The firm's 50 day moving average is $26.27 and its 200-day moving average is $27.72. Central Pacific Financial Corp. has a one year low of $19.68 and a one year high of $33.25.

Central Pacific Financial (NYSE:CPF - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $68.80 million during the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $0.48 earnings per share. As a group, analysts anticipate that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Dividend Announcement

The firm also recently disclosed 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 dividend yield of 4.15%. Central Pacific Financial's dividend payout ratio 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.