Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 151,880 Central Pacific Financial Corp. (NYSE:CPF)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 151,880 shares of the financial services provider's stock, valued at approximately $4,412,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.56% of Central Pacific Financial as of its most recent SEC filing.

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

Central Pacific Financial Trading Down 0.6%

CPF stock traded down $0.17 during trading on Thursday, hitting $26.27. The company had a trading volume of 176,989 shares, compared to its average volume of 205,772. The business has a 50-day moving average of $26.06 and a 200-day moving average of $27.98. Central Pacific Financial Corp. has a one year low of $19.56 and a one year high of $33.25. The stock has a market cap of $708.52 million, a PE ratio of 13.33 and a beta of 1.02. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35.

Central Pacific Financial (NYSE:CPF - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.02. The company had revenue of $68.80 million for the quarter, compared to analysts' expectations 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 last year, the business earned $0.48 EPS. Research analysts predict that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Friday, May 30th. Central Pacific Financial's dividend payout ratio (DPR) is presently 50.47%.

Insider Activity

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the business's stock in a transaction dated 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 sale, the director now 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.40% of the stock is owned by company insiders.

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.