Central Pacific Financial Corp. (NYSE:CPF) Holdings Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,075 shares of the financial services provider’s stock after buying an additional 1,022 shares during the quarter. New York State Teachers Retirement System’s holdings in Central Pacific Financial were worth $493,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CPF. GSA Capital Partners LLP lifted its holdings in shares of Central Pacific Financial by 6.8% during the third quarter. GSA Capital Partners LLP now owns 11,180 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 709 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Central Pacific Financial by 0.3% during the third quarter. AQR Capital Management LLC now owns 281,271 shares of the financial services provider’s stock valued at $4,692,000 after purchasing an additional 798 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Central Pacific Financial by 3.0% during the first quarter. Citigroup Inc. now owns 27,767 shares of the financial services provider’s stock valued at $775,000 after purchasing an additional 803 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Central Pacific Financial by 6.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,675 shares of the financial services provider’s stock valued at $245,000 after purchasing an additional 841 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Central Pacific Financial by 15.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,497 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 879 shares during the last quarter. Institutional investors own 88.42% of the company’s stock.

Insider Transactions at Central Pacific Financial

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $19.32, for a total transaction of $64,393.56. Following the completion of the sale, the director now directly owns 88,689 shares of the company’s stock, valued at approximately $1,713,471.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,999 shares of company stock valued at $192,547 in the last three months. Corporate insiders own 2.70% of the company’s stock.

Central Pacific Financial Stock Down 0.1 %

Shares of Central Pacific Financial stock opened at $18.71 on Friday. The stock has a 50-day moving average price of $19.05 and a 200 day moving average price of $18.41. The company has a market cap of $505.92 million, a P/E ratio of 8.62 and a beta of 1.15. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.31. Central Pacific Financial Corp. has a 1 year low of $13.22 and a 1 year high of $22.00.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings data on Wednesday, January 31st. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.07. The firm had revenue of $89.29 million during the quarter, compared to the consensus estimate of $61.18 million. Central Pacific Financial had a return on equity of 12.23% and a net margin of 17.82%. During the same period in the prior year, the business earned $0.74 EPS. As a group, analysts expect that Central Pacific Financial Corp. will post 1.98 EPS for the current fiscal year.

Central Pacific Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Wednesday, February 28th. Central Pacific Financial’s dividend payout ratio is currently 47.93%.

Wall Street Analyst Weigh In

Separately, Piper Sandler upped their target price on Central Pacific Financial from $22.00 to $24.00 and gave the company an “overweight” rating in a report on Thursday, February 1st.

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.