Central Pacific Financial Corp. (NYSE:CPF) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC raised its stake in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 48.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,153 shares of the financial services provider's stock after purchasing an additional 19,690 shares during the period. Jane Street Group LLC owned 0.22% of Central Pacific Financial worth $1,747,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new stake in shares of Central Pacific Financial in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in Central Pacific Financial during the fourth quarter worth approximately $31,000. Quantbot Technologies LP purchased a new stake in Central Pacific Financial in the fourth quarter valued at approximately $55,000. KLP Kapitalforvaltning AS purchased a new stake in Central Pacific Financial in the fourth quarter valued at approximately $168,000. Finally, SG Americas Securities LLC boosted its holdings 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 valued at $193,000 after acquiring an additional 448 shares during the period. Institutional investors and hedge funds own 88.42% of the company's stock.

Wall Street Analysts Forecast Growth

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

Central Pacific Financial Stock Performance

Central Pacific Financial stock traded down $0.72 during midday trading on Wednesday, hitting $26.68. 126,843 shares of the company's stock were exchanged, compared to its average volume of 203,606. 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 stock has a market cap of $719.75 million, a price-to-earnings ratio of 13.54 and a beta of 1.02. Central Pacific Financial Corp. has a 12-month low of $19.52 and a 12-month high of $33.25. The firm's 50 day simple moving average is $26.21 and its 200 day simple moving average is $28.27.

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 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 business had revenue of $68.80 million during the quarter, compared to the consensus estimate of $68.93 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. Equities research analysts predict that Central Pacific Financial Corp. will post 2.75 EPS for the current year.

Central Pacific Financial Dividend Announcement

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 dividend of $0.27 per share. 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 presently 50.47%.

Insiders Place Their Bets

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of the business's stock in a transaction 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 transaction, the director now directly owns 72,922 shares of the company's stock, valued at approximately $2,020,668.62. The trade was a 4.37% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.40% of the stock is owned by insiders.

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.