Jane Street Group LLC Buys 19,690 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Jane Street Group LLC grew its stake in Central Pacific Financial Corp. (NYSE:CPF) by 48.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,153 shares of the financial services provider’s stock after purchasing an additional 19,690 shares during the period. Jane Street Group LLC owned approximately 0.22% of Central Pacific Financial worth $1,747,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CPF. Picton Mahoney Asset Management bought a new stake in shares of Central Pacific Financial in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Central Pacific Financial in the 4th quarter valued at approximately $31,000. Quantbot Technologies LP bought a new stake in shares of Central Pacific Financial during the 4th quarter worth approximately $55,000. KLP Kapitalforvaltning AS bought a new stake in shares of Central Pacific Financial during the 4th quarter worth approximately $168,000. Finally, SG Americas Securities LLC lifted its stake in shares of Central Pacific Financial by 7.2% during the 4th 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. 88.42% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Central Pacific Financial from a “sell” rating to a “hold” rating in a research note on Thursday, March 20th.

Insiders Place Their Bets

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $27.71, for a total transaction of $92,357.43. Following the transaction, the director now directly owns 72,922 shares in the company, valued at $2,020,668.62. This trade represents a 4.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.40% of the stock is currently owned by company insiders.

Central Pacific Financial Price Performance

Shares of CPF stock opened at $27.46 on Friday. Central Pacific Financial Corp. has a 52-week low of $19.52 and a 52-week high of $33.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $740.73 million, a P/E ratio of 13.94 and a beta of 1.02. The stock has a 50 day moving average price of $26.17 and a 200 day moving average price of $28.27.

Central Pacific Financial (NYSE:CPF) last issued its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. The firm had revenue of $68.80 million during the quarter, compared to analyst estimates of $68.93 million. During the same period last year, the company earned $0.48 EPS. As a group, sell-side analysts predict that Central Pacific Financial Corp. will post 2.75 earnings per share for the current year.

Central Pacific Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.08 annualized dividend and a yield of 3.93%. Central Pacific Financial’s payout ratio is currently 50.47%.

About Central Pacific Financial

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.