Bailard Inc. Acquires 2,400 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Bailard Inc. grew its stake in shares of Central Pacific Financial Corp. (NYSE:CPF) by 10.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,936 shares of the financial services provider’s stock after purchasing an additional 2,400 shares during the quarter. Bailard Inc. owned approximately 0.10% of Central Pacific Financial worth $753,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Central Pacific Financial by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider’s stock valued at $12,734,000 after purchasing an additional 26,139 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Central Pacific Financial by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 640,369 shares of the financial services provider’s stock worth $18,901,000 after buying an additional 24,686 shares during the period. Quest Partners LLC grew its position in shares of Central Pacific Financial by 144.4% during the 3rd quarter. Quest Partners LLC now owns 32,083 shares of the financial services provider’s stock worth $947,000 after buying an additional 18,955 shares in the last quarter. Barclays PLC grew its position in shares of Central Pacific Financial by 84.3% during the 3rd quarter. Barclays PLC now owns 58,493 shares of the financial services provider’s stock worth $1,726,000 after buying an additional 26,755 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Central Pacific Financial by 62.7% during the third quarter. Jane Street Group LLC now owns 40,463 shares of the financial services provider’s stock valued at $1,194,000 after buying an additional 15,599 shares during the period. 88.42% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th.

Central Pacific Financial Trading Down 0.4 %

Shares of NYSE:CPF opened at $28.92 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $782.75 million, a PE ratio of 14.68 and a beta of 1.19. Central Pacific Financial Corp. has a 12-month low of $18.35 and a 12-month high of $33.25. The business’s fifty day simple moving average is $28.74 and its 200-day simple moving average is $28.91.

Central Pacific Financial (NYSE:CPF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. As a group, equities research analysts predict that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $0.27 dividend. This is a boost from Central Pacific Financial’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.73%. Central Pacific Financial’s dividend payout ratio (DPR) is presently 54.82%.

Central Pacific Financial 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.