Central Pacific Financial Corp. (NYSE:CPF) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in Central Pacific Financial Corp. (NYSE:CPF) by 13.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 659,482 shares of the financial services provider’s stock after acquiring an additional 77,032 shares during the period. American Century Companies Inc.’s holdings in Central Pacific Financial were worth $19,158,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new position in shares of Central Pacific Financial during the 4th quarter worth approximately $55,000. Boston Partners increased its position in Central Pacific Financial by 55.1% during the fourth quarter. Boston Partners now owns 12,993 shares of the financial services provider’s stock worth $377,000 after buying an additional 4,616 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Central Pacific Financial by 29.5% in the fourth quarter. Intech Investment Management LLC now owns 14,501 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 3,300 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Central Pacific Financial in the fourth quarter valued at $30,000. Finally, Amundi boosted its stake in shares of Central Pacific Financial by 181.4% during the fourth quarter. Amundi now owns 13,616 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 8,778 shares during the last quarter. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Central Pacific Financial Stock Down 1.9 %

Shares of NYSE CPF opened at $26.95 on Monday. The firm has a market cap of $730.75 million, a P/E ratio of 13.68 and a beta of 1.17. 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 Corp. has a 1 year low of $18.53 and a 1 year high of $33.25. The firm’s 50 day moving average price is $28.39 and its 200 day moving average price is $28.95.

Central Pacific Financial (NYSE:CPF) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, beating 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%. As a group, sell-side analysts anticipate that Central Pacific Financial Corp. will post 2.75 earnings per share for the current year.

Central Pacific Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.27 per share. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Friday, February 28th. Central Pacific Financial’s dividend payout ratio is presently 54.82%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a report on Thursday, March 20th.

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.