Legal & General Group Plc lifted its holdings in Central Pacific Financial Corp. (NYSE:CPF) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,851 shares of the financial services provider’s stock after purchasing an additional 426 shares during the period. Legal & General Group Plc owned about 0.22% of Central Pacific Financial worth $1,528,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in shares of Central Pacific Financial in the 4th quarter worth approximately $44,000. Tower Research Capital LLC TRC acquired a new position in shares of Central Pacific Financial in the 3rd quarter worth approximately $123,000. SG Americas Securities LLC acquired a new position in shares of Central Pacific Financial in the 4th quarter worth approximately $162,000. Verition Fund Management LLC acquired a new position in shares of Central Pacific Financial in the 3rd quarter worth approximately $218,000. Finally, Jefferies Group LLC acquired a new position in shares of Central Pacific Financial in the 3rd quarter worth approximately $233,000. 94.09% of the stock is currently owned by institutional investors.
Shares of CPF opened at $29.36 on Friday. Central Pacific Financial Corp. has a one year low of $23.23 and a one year high of $31.61. The stock has a market capitalization of $846.65 million, a price-to-earnings ratio of 14.53 and a beta of 1.02. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.25.
Central Pacific Financial (NYSE:CPF) last announced its earnings results on Wednesday, January 30th. The financial services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. Central Pacific Financial had a net margin of 25.09% and a return on equity of 12.30%. The company had revenue of $54.08 million during the quarter, compared to analysts’ expectations of $53.80 million. As a group, analysts anticipate that Central Pacific Financial Corp. will post 2.12 earnings per share for the current fiscal year.
Separately, Zacks Investment Research cut shares of Central Pacific Financial from a “buy” rating to a “hold” rating in a report on Monday, December 31st.
In related news, Director John C. Dean sold 7,531 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $29.83, for a total transaction of $224,649.73. Following the completion of the sale, the director now directly owns 3,398 shares in the company, valued at $101,362.34. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Dean sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $28.75, for a total transaction of $143,750.00. Following the sale, the director now owns 3,398 shares of the company’s stock, valued at $97,692.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,600 shares of company stock valued at $938,520. Corporate insiders own 3.80% of the company’s stock.
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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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