Short Interest in Central Pacific Financial Corp. (NYSE:CPF) Grows By 33.7%

Central Pacific Financial Corp. (NYSE:CPF) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 577,700 shares, an increase of 33.7% from the December 15th total of 432,000 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average trading volume of 231,600 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th.

Central Pacific Financial Trading Up 1.5 %

Shares of NYSE:CPF opened at $28.59 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The company’s 50-day moving average price is $29.89 and its two-hundred day moving average price is $27.76. The stock has a market capitalization of $773.93 million, a PE ratio of 13.61 and a beta of 1.19. Central Pacific Financial has a one year low of $18.00 and a one year high of $33.25.

Central Pacific Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a $0.26 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a yield of 3.64%. Central Pacific Financial’s dividend payout ratio (DPR) is currently 49.52%.

Institutional Investors Weigh In On Central Pacific Financial

A number of institutional investors have recently made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Central Pacific Financial in the 3rd quarter worth about $50,000. Quarry LP acquired a new stake in shares of Central Pacific Financial in the 3rd quarter valued at $53,000. USA Financial Formulas acquired a new position in shares of Central Pacific Financial during the 3rd quarter worth $81,000. CWM LLC lifted its position in shares of Central Pacific Financial by 77.7% during the 3rd quarter. CWM LLC now owns 3,477 shares of the financial services provider’s stock worth $103,000 after buying an additional 1,520 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Central Pacific Financial in the third quarter valued at about $183,000. Institutional investors own 88.42% of the company’s stock.

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.