Central Pacific Financial Corp. (NYSE:CPF) Stake Decreased by Invesco Ltd.

Invesco Ltd. cut its position in shares of Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 225,435 shares of the financial services provider's stock after selling 353,858 shares during the quarter. Invesco Ltd. owned approximately 0.83% of Central Pacific Financial worth $6,549,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CPF. SG Americas Securities LLC grew its position 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 purchasing an additional 448 shares during the period. Diversified Trust Co lifted its holdings in shares of Central Pacific Financial by 9.8% during the 4th quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider's stock worth $255,000 after acquiring an additional 783 shares during the period. Picton Mahoney Asset Management purchased a new stake in Central Pacific Financial in the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in Central Pacific Financial during the fourth quarter worth approximately $31,000. Finally, Quantbot Technologies LP acquired a new position in shares of Central Pacific Financial in the 4th quarter valued at $55,000. Hedge funds and other institutional investors own 88.42% of the company's stock.

Wall Street Analyst Weigh In

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

Central Pacific Financial Stock Up 1.3 %

NYSE:CPF traded up $0.34 during mid-day trading on Thursday, hitting $26.03. The company had a trading volume of 9,153 shares, compared to its average volume of 202,263. 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 Corp. has a 1 year low of $19.52 and a 1 year high of $33.25. The firm has a market capitalization of $705.69 million, a price-to-earnings ratio of 13.22 and a beta of 0.98. The business has a fifty day simple moving average of $26.42 and a 200-day simple moving average of $28.43.

Central Pacific Financial (NYSE:CPF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.02. The firm had revenue of $68.80 million for 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 quarter in the previous year, the firm posted $0.48 EPS. Equities analysts forecast that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Announces Dividend

The business also recently declared 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. The ex-dividend date is Friday, May 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.15%. Central Pacific Financial's dividend payout ratio (DPR) is presently 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.