Macquarie Group Ltd. Sells 3,200 Shares of Central Pacific Financial Co. (CPF)

Macquarie Group Ltd. decreased its holdings in shares of Central Pacific Financial Co. (NYSE:CPF) by 8.3% in the fourth quarter, reports. The fund owned 35,338 shares of the financial services provider’s stock after selling 3,200 shares during the quarter. Macquarie Group Ltd.’s holdings in Central Pacific Financial were worth $1,054,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Cornerstone Capital Management Holdings LLC. bought a new position in Central Pacific Financial in the 4th quarter worth $193,000. Teacher Retirement System of Texas bought a new position in Central Pacific Financial in the 4th quarter worth $310,000. Stone Ridge Asset Management LLC bought a new position in Central Pacific Financial in the 4th quarter worth $336,000. HBK Investments L P boosted its holdings in Central Pacific Financial by 47.7% in the 4th quarter. HBK Investments L P now owns 12,700 shares of the financial services provider’s stock worth $379,000 after buying an additional 4,100 shares during the period. Finally, Capital Fund Management S.A. bought a new position in Central Pacific Financial in the 4th quarter worth $418,000. 92.56% of the stock is owned by hedge funds and other institutional investors.

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In other news, Director Colbert M. Matsumoto bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was bought at an average price of $28.61 per share, with a total value of $28,610.00. Following the acquisition, the director now owns 2,375 shares of the company’s stock, valued at approximately $67,948.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders purchased a total of 2,850 shares of company stock valued at $82,710 in the last ninety days. 4.30% of the stock is currently owned by insiders.

Separately, Zacks Investment Research downgraded shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Monday, December 18th.

Shares of Central Pacific Financial stock opened at $28.65 on Friday. The firm has a market capitalization of $875.26, a P/E ratio of 18.02 and a beta of 1.13. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.19. Central Pacific Financial Co. has a fifty-two week low of $27.34 and a fifty-two week high of $33.55.

Central Pacific Financial (NYSE:CPF) last issued its earnings results on Wednesday, January 24th. The financial services provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.02). The firm had revenue of $51.87 million during the quarter, compared to the consensus estimate of $52.60 million. Central Pacific Financial had a return on equity of 9.56% and a net margin of 18.81%. During the same period in the prior year, the company posted $0.39 EPS. sell-side analysts forecast that Central Pacific Financial Co. will post 2.04 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 28th were issued a $0.19 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.76 annualized dividend and a yield of 2.65%. This is an increase from Central Pacific Financial’s previous quarterly dividend of $0.18. Central Pacific Financial’s dividend payout ratio is currently 47.80%.

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Central Pacific Financial Profile

Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit.

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Institutional Ownership by Quarter for Central Pacific Financial (NYSE:CPF)

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