Hotchkis & Wiley Capital Management LLC Has $11.64 Million Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Hotchkis & Wiley Capital Management LLC decreased its position in Central Pacific Financial Corp. (NYSE:CPF) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 394,400 shares of the financial services provider’s stock after selling 69,790 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Central Pacific Financial were worth $11,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Central Pacific Financial by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 2,089,447 shares of the financial services provider’s stock valued at $41,267,000 after acquiring an additional 17,058 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Central Pacific Financial by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,507 shares of the financial services provider’s stock valued at $504,000 after acquiring an additional 1,020 shares in the last quarter. Boston Partners bought a new stake in Central Pacific Financial in the 1st quarter valued at $740,000. CWM LLC lifted its position in Central Pacific Financial by 221.9% in the 2nd quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,349 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Central Pacific Financial by 23.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,860 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 3,400 shares in the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Monday.

Central Pacific Financial Stock Down 0.7 %

Shares of CPF stock opened at $31.20 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day moving average is $29.61 and its 200-day moving average is $25.86. The stock has a market cap of $844.58 million, a price-to-earnings ratio of 14.86 and a beta of 1.18. Central Pacific Financial Corp. has a 52-week low of $18.00 and a 52-week high of $33.25.

Central Pacific Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.33%. Central Pacific Financial’s payout ratio is presently 49.52%.

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.