Barclays PLC Grows Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Barclays PLC grew its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 84.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,493 shares of the financial services provider’s stock after purchasing an additional 26,755 shares during the period. Barclays PLC’s holdings in Central Pacific Financial were worth $1,726,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. nVerses Capital LLC acquired a new stake in Central Pacific Financial during the 3rd quarter valued at $50,000. Quarry LP acquired a new position in Central Pacific Financial in the 3rd quarter worth $53,000. USA Financial Formulas purchased a new position in Central Pacific Financial in the 3rd quarter valued at about $81,000. CWM LLC grew its stake in shares of Central Pacific Financial by 77.7% during the third quarter. CWM LLC now owns 3,477 shares of the financial services provider’s stock valued at $103,000 after acquiring an additional 1,520 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Central Pacific Financial during the third quarter worth about $183,000. 88.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Central Pacific Financial from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th.

Central Pacific Financial Stock Down 1.0 %

CPF stock opened at $28.78 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $30.12 and a 200-day simple moving average of $26.92. The company has a market capitalization of $778.93 million, a P/E ratio of 13.70 and a beta of 1.18. Central Pacific Financial Corp. has a twelve month low of $18.00 and a twelve month high of $33.25.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.61%. The ex-dividend date was Friday, November 29th. Central Pacific Financial’s dividend payout ratio is currently 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.