Central Pacific Financial Corp. (NYSE:CPF) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP trimmed its stake in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 28.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,068 shares of the financial services provider's stock after selling 23,200 shares during the quarter. Two Sigma Advisers LP owned about 0.22% of Central Pacific Financial worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Picton Mahoney Asset Management purchased a new position in Central Pacific Financial during the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in Central Pacific Financial in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP purchased a new position in shares of Central Pacific Financial during the 4th quarter worth approximately $55,000. KLP Kapitalforvaltning AS acquired a new stake in Central Pacific Financial in the fourth quarter valued at $168,000. Finally, SG Americas Securities LLC increased its holdings in shares of Central Pacific Financial by 7.2% in the 4th 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 currently owned by hedge funds and other institutional investors.

Central Pacific Financial Price Performance

CPF traded down $0.28 during trading on Friday, reaching $26.65. 265,507 shares of the stock were exchanged, compared to its average volume of 206,632. 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 company has a market capitalization of $718.91 million, a price-to-earnings ratio of 13.53 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. The business's 50 day moving average price is $26.13 and its two-hundred day moving average price is $28.11.

Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $68.80 million for the quarter, compared to analysts' expectations of $68.93 million. During the same period in the prior year, the company earned $0.48 EPS. As a group, equities research analysts anticipate that Central Pacific Financial Corp. will post 2.75 earnings per share for the current 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 paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Friday, May 30th. Central Pacific Financial's payout ratio is currently 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 the business's stock in a transaction 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 completion of the transaction, the director now directly owns 72,922 shares in the company, valued at approximately $2,020,668.62. The trade was a 4.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

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.