Allspring Global Investments Holdings LLC grew its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF – Free Report) by 660.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,488 shares of the financial services provider’s stock after buying an additional 2,161 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Central Pacific Financial were worth $49,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its stake in Central Pacific Financial by 63.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,327 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 907 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in shares of Central Pacific Financial in the 4th quarter valued at about $222,000. Quadrature Capital Ltd acquired a new position in Central Pacific Financial during the 4th quarter worth approximately $235,000. Louisiana State Employees Retirement System acquired a new position in Central Pacific Financial during the 4th quarter worth approximately $266,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Central Pacific Financial by 351.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,460 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 11,258 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.
Insider Buying and Selling
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 13th. The stock was sold at an average price of $21.19, for a total transaction of $70,626.27. Following the transaction, the director now directly owns 82,023 shares in the company, valued at approximately $1,738,067.37. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by corporate insiders.
Central Pacific Financial Trading Up 0.1 %
NYSE CPF opened at $22.58 on Friday. The business has a 50 day moving average price of $20.77 and a 200-day moving average price of $19.80. Central Pacific Financial Corp. has a 52 week low of $14.69 and a 52 week high of $22.85. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. The company has a market cap of $610.61 million, a price-to-earnings ratio of 11.01 and a beta of 1.13.
Central Pacific Financial (NYSE:CPF – Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Central Pacific Financial had a net margin of 16.44% and a return on equity of 11.34%. The firm had revenue of $61.43 million during the quarter, compared to analysts’ expectations of $60.78 million. As a group, equities analysts expect that Central Pacific Financial Corp. will post 2 earnings per share for the current fiscal year.
Central Pacific Financial Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Friday, May 31st were given a dividend of $0.26 per share. The ex-dividend date was Friday, May 31st. This represents a $1.04 annualized dividend and a dividend yield of 4.61%. Central Pacific Financial’s payout ratio is 50.73%.
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.
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