Boston Partners lifted its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 26.9% in the 1st quarter, HoldingsChannel reports. The fund owned 536,462 shares of the financial services provider’s stock after purchasing an additional 113,615 shares during the period. Boston Partners’ holdings in Central Pacific Financial were worth $15,472,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. Vanguard Group Inc boosted its stake in Central Pacific Financial by 1.5% in the third quarter. Vanguard Group Inc now owns 2,970,174 shares of the financial services provider’s stock valued at $78,501,000 after acquiring an additional 45,309 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Central Pacific Financial by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,970,174 shares of the financial services provider’s stock valued at $78,501,000 after buying an additional 45,309 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Central Pacific Financial by 3.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 998,133 shares of the financial services provider’s stock valued at $26,381,000 after buying an additional 35,858 shares in the last quarter. LSV Asset Management lifted its stake in shares of Central Pacific Financial by 11.5% during the 4th quarter. LSV Asset Management now owns 783,673 shares of the financial services provider’s stock valued at $19,082,000 after buying an additional 80,600 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Central Pacific Financial by 21.0% during the 4th quarter. American Century Companies Inc. now owns 600,175 shares of the financial services provider’s stock valued at $14,614,000 after buying an additional 104,293 shares in the last quarter. 94.53% of the stock is owned by institutional investors.
Shares of CPF stock opened at $28.65 on Tuesday. The company has a market cap of $847.45 million, a P/E ratio of 14.25 and a beta of 1.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.81 and a current ratio of 0.81. Central Pacific Financial Corp. has a 12 month low of $23.23 and a 12 month high of $30.82.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Thursday, May 30th. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.21. Central Pacific Financial’s dividend payout ratio is 41.79%.
Separately, Zacks Investment Research cut shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd.
In related news, Director John C. Dean sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $30.42, for a total transaction of $608,400.00. Following the sale, the director now owns 3,398 shares of the company’s stock, valued at approximately $103,367.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Blenn Fujimoto sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $30.00, for a total transaction of $48,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 46,600 shares of company stock worth $1,399,270 in the last ninety days. 3.80% of the stock is currently owned by insiders.
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Central Pacific Financial Company Profile
Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit.
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