35,929 Shares in Central Pacific Financial Corp. (NYSE:CPF) Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake 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 Securities and Exchange Commission (SEC). The fund acquired 35,929 shares of the financial services provider's stock, valued at approximately $1,044,000. Tudor Investment Corp ET AL owned about 0.13% of Central Pacific Financial at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CPF. Aquatic Capital Management LLC lifted its holdings in Central Pacific Financial by 663.3% in the fourth quarter. Aquatic Capital Management LLC now owns 7,633 shares of the financial services provider's stock valued at $222,000 after acquiring an additional 6,633 shares during the period. North Reef Capital Management LP raised its holdings in Central Pacific Financial by 264.6% during the fourth quarter. North Reef Capital Management LP now owns 188,558 shares of the financial services provider's stock valued at $5,478,000 after acquiring an additional 136,843 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Central Pacific Financial by 18.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,331 shares of the financial services provider's stock worth $301,000 after purchasing an additional 1,589 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of Central Pacific Financial by 3.7% during the fourth quarter. Hsbc Holdings PLC now owns 26,575 shares of the financial services provider's stock worth $766,000 after acquiring an additional 940 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in shares of Central Pacific Financial by 9.4% during the 4th quarter. MetLife Investment Management LLC now owns 16,676 shares of the financial services provider's stock valued at $484,000 after purchasing an additional 1,430 shares during the last quarter. Institutional investors own 88.42% of the company's stock.

Wall Street Analyst Weigh In

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

Central Pacific Financial Trading Up 4.3%

Central Pacific Financial stock traded up $1.16 during midday trading on Monday, reaching $27.86. The stock had a trading volume of 6,736 shares, compared to its average volume of 203,214. The firm has a market cap of $751.52 million, a price-to-earnings ratio of 14.05 and a beta of 1.02. The company has a fifty day moving average of $26.12 and a 200 day moving average of $28.29. Central Pacific Financial Corp. has a 52-week low of $19.52 and a 52-week high of $33.25. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

Central Pacific Financial (NYSE:CPF - Get Free Report) last announced 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. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. The company had revenue of $68.80 million during the quarter, compared to analyst estimates of $68.93 million. During the same quarter last year, the business posted $0.48 EPS. On average, analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.08 annualized dividend and a yield of 3.88%. Central Pacific Financial's dividend payout ratio (DPR) is presently 50.47%.

About Central Pacific Financial

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.