Central Pacific Financial Corp. (NYSE:CPF) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 6.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,866 shares of the financial services provider’s stock after selling 5,652 shares during the period. Fisher Asset Management LLC owned about 0.32% of Central Pacific Financial worth $2,494,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Central Pacific Financial during the 3rd quarter valued at $53,000. SG Americas Securities LLC lifted its stake in shares of 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 in the last quarter. Diversified Trust Co boosted its position in shares of Central Pacific Financial by 9.8% in the fourth quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider’s stock worth $255,000 after buying an additional 783 shares during the period. EMC Capital Management boosted its position in shares of Central Pacific Financial by 92.2% in the fourth quarter. EMC Capital Management now owns 11,559 shares of the financial services provider’s stock worth $336,000 after buying an additional 5,544 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Central Pacific Financial in the third quarter valued at about $355,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Central Pacific Financial from a “sell” rating to a “hold” rating in a report on Thursday, February 13th.

Central Pacific Financial Price Performance

Shares of CPF stock opened at $27.67 on Thursday. Central Pacific Financial Corp. has a twelve month low of $18.35 and a twelve month high of $33.25. The company has a market capitalization of $748.81 million, a PE ratio of 14.04 and a beta of 1.19. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $28.73 and a 200-day simple moving average of $28.95.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. Equities research analysts anticipate that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.26. Central Pacific Financial’s dividend payout ratio (DPR) is 54.82%.

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.