Jane Street Group LLC Increases Position in Central Pacific Financial Corp. (NYSE:CPF)

Jane Street Group LLC grew its stake in Central Pacific Financial Corp. (NYSE:CPF) by 48.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,153 shares of the financial services provider’s stock after acquiring an additional 19,690 shares during the quarter. Jane Street Group LLC’s holdings in Central Pacific Financial were worth $1,747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CPF. Franklin Resources Inc. increased its holdings in shares of Central Pacific Financial by 4.0% in the 3rd quarter. Franklin Resources Inc. now owns 56,148 shares of the financial services provider’s stock valued at $1,634,000 after acquiring an additional 2,151 shares during the period. SG Americas Securities LLC increased its holdings in shares of Central Pacific Financial by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 448 shares during the period. EMC Capital Management increased its holdings in shares of Central Pacific Financial by 92.2% in the 4th quarter. EMC Capital Management now owns 11,559 shares of the financial services provider’s stock valued at $336,000 after acquiring an additional 5,544 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Central Pacific Financial by 18.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,588 shares of the financial services provider’s stock valued at $564,000 after acquiring an additional 3,098 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Central Pacific Financial by 5.0% in the 4th quarter. Empowered Funds LLC now owns 90,584 shares of the financial services provider’s stock valued at $2,631,000 after acquiring an additional 4,333 shares during the period. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Central Pacific Financial

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of Central Pacific Financial stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $27.71, for a total transaction of $92,357.43. Following the completion of the sale, the director now owns 72,922 shares of the company’s stock, valued at approximately $2,020,668.62. The trade was a 4.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.40% of the company’s stock.

Central Pacific Financial Stock Down 0.5%

Central Pacific Financial stock opened at $27.46 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $740.73 million, a price-to-earnings ratio of 13.94 and a beta of 1.02. Central Pacific Financial Corp. has a 1-year low of $19.52 and a 1-year high of $33.25. The business has a fifty day moving average price of $26.17 and a 200-day moving average price of $28.27.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $68.80 million during the quarter, compared to analysts’ expectations of $68.93 million. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. During the same quarter last year, the firm earned $0.48 EPS. Equities research analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.27 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 3.93%. Central Pacific Financial’s payout ratio is 50.47%.

Analysts Set New Price Targets

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

Central Pacific Financial Company 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.