Tower Research Capital LLC TRC Buys 4,905 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Tower Research Capital LLC TRC boosted its stake in shares of Central Pacific Financial Corp. (NYSE:CPF) by 687.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,618 shares of the financial services provider’s stock after buying an additional 4,905 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Central Pacific Financial were worth $101,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Citigroup Inc. lifted its stake in shares of Central Pacific Financial by 3.0% in the first quarter. Citigroup Inc. now owns 27,767 shares of the financial services provider’s stock worth $775,000 after acquiring an additional 803 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Central Pacific Financial in the 1st quarter worth approximately $1,119,000. MetLife Investment Management LLC boosted its stake in shares of Central Pacific Financial by 68.1% in the 1st quarter. MetLife Investment Management LLC now owns 13,724 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 5,560 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Central Pacific Financial by 13.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,892 shares of the financial services provider’s stock worth $667,000 after buying an additional 2,754 shares during the period. Finally, BlackRock Inc. raised its stake in Central Pacific Financial by 0.7% during the first quarter. BlackRock Inc. now owns 4,124,430 shares of the financial services provider’s stock worth $115,072,000 after buying an additional 27,622 shares during the last quarter. Institutional investors own 88.79% of the company’s stock.

Central Pacific Financial Stock Up 3.1 %

Central Pacific Financial stock opened at $17.49 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $472.95 million, a PE ratio of 7.05 and a beta of 1.13. The firm’s fifty day moving average is $17.13 and its 200 day moving average is $17.39. Central Pacific Financial Corp. has a 12-month low of $13.22 and a 12-month high of $24.55.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $79.76 million for the quarter, compared to analyst estimates of $64.18 million. Central Pacific Financial had a net margin of 22.26% and a return on equity of 14.70%. During the same quarter in the prior year, the company posted $0.64 EPS. As a group, sell-side analysts predict that Central Pacific Financial Corp. will post 2.15 EPS for the current fiscal year.

Central Pacific Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be paid a $0.26 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $1.04 dividend on an annualized basis and a yield of 5.95%. Central Pacific Financial’s dividend payout ratio (DPR) is presently 41.94%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CPF shares. TheStreet upgraded Central Pacific Financial from a “c+” rating to a “b-” rating in a report on Friday, August 4th. StockNews.com began coverage on Central Pacific Financial in a research note on Thursday, August 17th. They set a “hold” rating for the company.

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.