Millennium Management LLC increased its position in Central Pacific Financial Co. (NYSE:CPF) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,216 shares of the financial services provider’s stock after buying an additional 58,962 shares during the period. Millennium Management LLC owned 2.45% of Central Pacific Financial worth $20,668,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Central Pacific Financial in the fourth quarter worth about $193,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Central Pacific Financial in the fourth quarter worth about $218,000. Teacher Retirement System of Texas purchased a new stake in shares of Central Pacific Financial in the fourth quarter worth about $310,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Central Pacific Financial in the fourth quarter worth about $336,000. Finally, HBK Investments L P lifted its position in shares of Central Pacific Financial by 47.7% in the fourth 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 in the last quarter. Institutional investors own 92.39% of the company’s stock.
In related news, Director Christine H. H. Camp acquired 1,800 shares of the firm’s stock in a transaction on Tuesday, June 19th. The shares were acquired at an average cost of $29.80 per share, for a total transaction of $53,640.00. Following the completion of the transaction, the director now directly owns 6,112 shares in the company, valued at approximately $182,137.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Arnold D. Martines sold 1,038 shares of the company’s stock in a transaction that occurred on Wednesday, June 13th. The shares were sold at an average price of $29.44, for a total value of $30,558.72. Following the sale, the insider now owns 1,104 shares in the company, valued at $32,501.76. The disclosure for this sale can be found here. Corporate insiders own 4.30% of the company’s stock.
Shares of CPF stock opened at $28.65 on Monday. Central Pacific Financial Co. has a 1 year low of $27.34 and a 1 year high of $33.15. The company has a current ratio of 0.77, a quick ratio of 0.76 and a debt-to-equity ratio of 0.19. The company has a market cap of $848.05 million, a price-to-earnings ratio of 17.36 and a beta of 1.10.
Central Pacific Financial (NYSE:CPF) last issued its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Central Pacific Financial had a net margin of 19.18% and a return on equity of 9.93%. The company had revenue of $51.28 million for the quarter, compared to analysts’ expectations of $53.00 million. equities research analysts anticipate that Central Pacific Financial Co. will post 1.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Thursday, May 31st were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Wednesday, May 30th. This is an increase from Central Pacific Financial’s previous quarterly dividend of $0.19. This represents a $0.84 dividend on an annualized basis and a yield of 2.93%. Central Pacific Financial’s dividend payout ratio is 52.83%.
CPF has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. ValuEngine downgraded Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Monday, June 11th.
Central Pacific Financial Company 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.
Receive News & Ratings for Central Pacific Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Pacific Financial and related companies with MarketBeat.com's FREE daily email newsletter.