Jane Street Group LLC Has $1.75 Million Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Jane Street Group LLC increased its position in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 48.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,153 shares of the financial services provider's stock after buying an additional 19,690 shares during the quarter. Jane Street Group LLC owned 0.22% of Central Pacific Financial worth $1,747,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CPF. Picton Mahoney Asset Management acquired a new stake in Central Pacific Financial during the fourth quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in Central Pacific Financial during the fourth quarter worth about $31,000. Quantbot Technologies LP acquired a new stake in Central Pacific Financial during the fourth quarter worth about $55,000. KLP Kapitalforvaltning AS acquired a new stake in Central Pacific Financial during the fourth quarter worth about $168,000. Finally, SG Americas Securities LLC boosted its holdings in 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 purchasing an additional 448 shares in the last quarter. 88.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Central Pacific Financial Price Performance

NYSE CPF traded down $0.27 during trading on Friday, reaching $26.44. 108,438 shares of the company traded hands, compared to its average volume of 204,108. 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's 50 day moving average price is $26.18 and its two-hundred day moving average price is $28.25. The company has a market cap of $713.25 million, a price-to-earnings ratio of 13.42 and a beta of 1.02. Central Pacific Financial Corp. has a 1-year low of $19.52 and a 1-year 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 analysts' consensus estimates of $0.63 by $0.02. The company had revenue of $68.80 million for the quarter, compared to the consensus estimate of $68.93 million. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. 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 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 issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Friday, May 30th. Central Pacific Financial's payout ratio is 50.47%.

Insider Buying and Selling at Central Pacific Financial

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was 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 $2,020,668.62. The trade was a 4.37% decrease in their position. The sale 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.

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.