State Board of Administration of Florida Retirement System boosted its position in shares of Central Pacific Financial Inc. (NYSE:CPF) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,361 shares of the financial services provider’s stock after buying an additional 7 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.07% of Central Pacific Financial worth $528,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of CPF. Emerald Acquisition Ltd. purchased a new stake in Central Pacific Financial during the second quarter worth approximately $6,474,000. KBC Group NV raised its stake in Central Pacific Financial by 22.1% in the second quarter. KBC Group NV now owns 47,597 shares of the financial services provider’s stock worth $1,123,000 after buying an additional 8,600 shares in the last quarter. Swiss National Bank raised its stake in Central Pacific Financial by 14.4% in the second quarter. Swiss National Bank now owns 55,600 shares of the financial services provider’s stock worth $1,312,000 after buying an additional 7,000 shares in the last quarter. DUPONT CAPITAL MANAGEMENT Corp purchased a new stake in Central Pacific Financial during the second quarter worth approximately $618,000. Finally, California State Teachers Retirement System raised its stake in Central Pacific Financial by 30.2% in the second quarter. California State Teachers Retirement System now owns 63,491 shares of the financial services provider’s stock worth $1,498,000 after buying an additional 14,728 shares in the last quarter. Institutional investors own 93.49% of the company’s stock.
Central Pacific Financial Inc. (NYSE:CPF) traded down 0.04% during mid-day trading on Thursday, hitting $25.68. 31,965 shares of the stock were exchanged. The stock has a market cap of $795.77 million, a price-to-earnings ratio of 17.58 and a beta of 1.18. The stock has a 50 day moving average of $25.19 and a 200-day moving average of $23.70. Central Pacific Financial Inc. has a 52-week low of $18.47 and a 52-week high of $25.99.
Central Pacific Financial (NYSE:CPF) last posted its earnings results on Thursday, July 28th. The financial services provider reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. Central Pacific Financial had a net margin of 22.77% and a return on equity of 9.18%. During the same period last year, the firm earned $0.39 earnings per share. Equities analysts predict that Central Pacific Financial Inc. will post $1.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Monday, August 29th. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.14. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.49%. Central Pacific Financial’s dividend payout ratio (DPR) is 43.84%.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Central Pacific Financial from a “buy” rating to a “hold” rating in a report on Monday. Compass Point initiated coverage on shares of Central Pacific Financial in a report on Thursday, August 11th. They issued a “neutral” rating and a $26.00 price objective for the company. Raymond James Financial Inc. upped their price objective on shares of Central Pacific Financial from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Finally, Piper Jaffray Cos. initiated coverage on shares of Central Pacific Financial in a report on Friday, July 8th. They issued a “neutral” rating and a $25.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $25.40.
In other Central Pacific Financial news, Director Wayne K. Kamitaki bought 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was purchased at an average cost of $24.54 per share, with a total value of $85,890.00. Following the completion of the acquisition, the director now owns 289 shares in the company, valued at approximately $7,092.06. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lance A. Mizumoto sold 19,950 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $25.25, for a total transaction of $503,737.50. Following the completion of the transaction, the insider now directly owns 69,427 shares of the company’s stock, valued at $1,753,031.75. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.
Central Pacific Financial Company Profile
Central Pacific Financial Corp. serves as the bank holding company for its bank subsidiary, Central Pacific Bank (the bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and commercial real estate lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services, and the Company’s retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.
Want to see what other hedge funds are holding CPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Pacific Financial Inc. (NYSE:CPF).
Receive News & Ratings for Central Pacific Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Pacific Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.