Central Pacific Financial Corp. (NYSE:CPF) Holdings Decreased by Royce & Associates LP

Royce & Associates LP lessened its stake in shares of Central Pacific Financial Corp. (NYSE:CPF) by 20.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,738 shares of the financial services provider’s stock after selling 6,668 shares during the quarter. Royce & Associates LP owned about 0.10% of Central Pacific Financial worth $789,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Central Pacific Financial by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,089,447 shares of the financial services provider’s stock worth $41,267,000 after purchasing an additional 17,058 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Central Pacific Financial by 5.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider’s stock valued at $29,765,000 after acquiring an additional 77,868 shares in the last quarter. LSV Asset Management increased its stake in shares of Central Pacific Financial by 10.7% in the second quarter. LSV Asset Management now owns 663,230 shares of the financial services provider’s stock worth $14,060,000 after acquiring an additional 63,862 shares during the last quarter. Renaissance Technologies LLC grew its stake in Central Pacific Financial by 3.6% in the second quarter. Renaissance Technologies LLC now owns 550,400 shares of the financial services provider’s stock valued at $11,668,000 after purchasing an additional 19,247 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Central Pacific Financial by 16.6% during the 2nd quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock worth $11,442,000 after purchasing an additional 76,957 shares in the last quarter. Institutional investors own 88.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Wednesday.

Central Pacific Financial Stock Performance

CPF opened at $30.66 on Thursday. The stock has a 50-day moving average of $28.90 and a 200-day moving average of $25.15. Central Pacific Financial Corp. has a 52-week low of $16.95 and a 52-week high of $32.21. 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 company has a market cap of $829.83 million, a PE ratio of 14.60 and a beta of 1.14.

Central Pacific Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.04 annualized dividend and a yield of 3.39%. Central Pacific Financial’s dividend payout ratio (DPR) is presently 49.52%.

About Central Pacific Financial

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.