Boston Partners Increases Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Boston Partners grew its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 55.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,993 shares of the financial services provider’s stock after purchasing an additional 4,616 shares during the quarter. Boston Partners’ holdings in Central Pacific Financial were worth $377,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPF. Picton Mahoney Asset Management acquired a new stake in shares of Central Pacific Financial in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in Central Pacific Financial in the fourth quarter valued at approximately $31,000. Quarry LP acquired a new stake in shares of Central Pacific Financial in the third quarter valued at approximately $53,000. SG Americas Securities LLC grew its position 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 acquiring an additional 448 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of Central Pacific Financial by 9.8% in the 4th quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 783 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a report on Thursday.

Central Pacific Financial Stock Down 0.2 %

Central Pacific Financial stock opened at $26.86 on Monday. The stock has a market capitalization of $728.44 million, a price-to-earnings ratio of 13.64 and a beta of 1.17. 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 stock has a 50 day moving average of $28.45 and a two-hundred day moving average of $28.93. Central Pacific Financial Corp. has a twelve month low of $18.53 and a twelve month high of $33.25.

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

Central Pacific Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.27 per share. This is a boost from Central Pacific Financial’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Friday, February 28th. Central Pacific Financial’s dividend payout ratio is currently 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.