Picton Mahoney Asset Management Makes New Investment in Central Pacific Financial Corp. (NYSE:CPF)

Picton Mahoney Asset Management purchased a new position in shares of Central Pacific Financial Corp. (NYSE:CPF) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,029 shares of the financial services provider’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CPF. SBI Securities Co. Ltd. bought a new stake in shares of Central Pacific Financial in the 4th quarter valued at about $31,000. Quarry LP bought a new stake in shares of Central Pacific Financial in the 3rd quarter valued at about $53,000. SG Americas Securities LLC lifted its stake in shares of Central Pacific Financial by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 448 shares during the last quarter. Diversified Trust Co lifted its stake 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 last quarter. Finally, EMC Capital Management lifted its stake in shares of Central Pacific Financial by 92.2% in the 4th quarter. EMC Capital Management now owns 11,559 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 5,544 shares during the last quarter. Institutional investors own 88.42% of the company’s stock.

Central Pacific Financial Trading Up 0.1 %

CPF opened at $27.15 on Tuesday. The business has a 50 day simple moving average of $28.46 and a two-hundred day simple moving average of $28.94. The firm has a market capitalization of $736.20 million, a price-to-earnings ratio of 13.78 and a beta of 1.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. Central Pacific Financial Corp. has a one year low of $18.35 and a one year high of $33.25.

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

Central Pacific Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.27 per share. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 3.98%. Central Pacific Financial’s dividend payout ratio is presently 54.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 12th.

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.