Boston Partners Increases Position in Central Pacific Financial Corp. (NYSE:CPF)

Boston Partners lifted its stake in Central Pacific Financial Corp. (NYSE:CPF) by 55.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,993 shares of the financial services provider’s stock after purchasing an additional 4,616 shares during the period. Boston Partners’ holdings in Central Pacific Financial were worth $377,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Central Pacific Financial by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider’s stock worth $12,734,000 after purchasing an additional 26,139 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Central Pacific Financial by 4.0% during 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 last quarter. Barclays PLC boosted its position in shares of Central Pacific Financial by 84.3% in 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. Y Intercept Hong Kong Ltd acquired a new stake in Central Pacific Financial in the 4th quarter valued at about $413,000. Finally, Jane Street Group LLC increased its holdings in Central Pacific Financial by 62.7% during the 3rd quarter. Jane Street Group LLC now owns 40,463 shares of the financial services provider’s stock valued at $1,194,000 after acquiring an additional 15,599 shares in the last quarter. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Central Pacific Financial Price Performance

Shares of NYSE:CPF opened at $26.86 on Monday. Central Pacific Financial Corp. has a one year low of $18.53 and a one year high of $33.25. The stock has a market cap of $728.44 million, a PE ratio of 13.64 and a beta of 1.17. The business’s fifty day moving average price is $28.45 and its two-hundred day moving average price is $28.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. On average, analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.27 per share. This is an increase from Central Pacific Financial’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.08 annualized dividend and a dividend yield of 4.02%. Central Pacific Financial’s dividend payout ratio is presently 54.82%.

Analysts Set New Price Targets

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

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.