ExodusPoint Capital Management LP Raises Stock Holdings in Central Pacific Financial Corp. (NYSE:CPF)
ExodusPoint Capital Management LP raised its holdings in Central Pacific Financial Corp. (NYSE:CPF - Free Report) by 342.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 277,664 shares of the financial services provider's stock after purchasing an additional 214,840 shares during the period. ExodusPoint Capital Management LP owned about 1.03% of Central Pacific Financial worth $8,066,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC grew its stake in 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. Diversified Trust Co lifted its holdings in Central Pacific Financial by 9.8% during the fourth quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider's stock valued at $255,000 after purchasing an additional 783 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Central Pacific Financial in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Central Pacific Financial during the fourth quarter worth about $31,000. Finally, Quarry LP acquired a new position in shares of Central Pacific Financial during the 3rd quarter worth about $53,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CPF opened at $23.91 on Friday. The stock has a 50 day moving average price of $28.15 and a 200 day moving average price of $28.89. Central Pacific Financial Corp. has a one year low of $18.53 and a one year high of $33.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $648.21 million, a price-to-earnings ratio of 12.13 and a beta of 1.17.
Central Pacific Financial (NYSE:CPF - Get Free Report) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.09. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. Equities research analysts forecast that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.52%. This is a positive change from Central Pacific Financial's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 28th. Central Pacific Financial's dividend payout ratio (DPR) is 54.82%.
Separately, StockNews.com upgraded Central Pacific Financial from a "sell" rating to a "hold" rating in a report on Thursday, March 20th.
Read Our Latest Analysis on CPF
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.
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