Nisa Investment Advisors LLC Has $285,000 Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Nisa Investment Advisors LLC lifted its position in Central Pacific Financial Corp. (NYSE:CPF) by 351.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,460 shares of the financial services provider’s stock after purchasing an additional 11,258 shares during the quarter. Nisa Investment Advisors LLC owned 0.05% of Central Pacific Financial worth $285,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP increased its holdings in Central Pacific Financial by 6.8% in the 3rd quarter. GSA Capital Partners LLP now owns 11,180 shares of the financial services provider’s stock valued at $186,000 after buying an additional 709 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Central Pacific Financial by 5.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,410 shares of the financial services provider’s stock valued at $303,000 after acquiring an additional 735 shares during the period. AQR Capital Management LLC raised its position in Central Pacific Financial by 0.3% in the third quarter. AQR Capital Management LLC now owns 281,271 shares of the financial services provider’s stock worth $4,692,000 after purchasing an additional 798 shares in the last quarter. Citigroup Inc. lifted its stake in Central Pacific Financial by 3.0% during the first quarter. Citigroup Inc. now owns 27,767 shares of the financial services provider’s stock worth $775,000 after purchasing an additional 803 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in Central Pacific Financial by 15.6% during the second quarter. Tower Research Capital LLC TRC now owns 6,497 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 879 shares in the last quarter. 88.42% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Piper Sandler raised their target price on Central Pacific Financial from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st.

Insiders Place Their Bets

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $19.00, for a total transaction of $63,327.00. Following the transaction, the director now owns 85,356 shares of the company’s stock, valued at $1,621,764. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders sold 9,999 shares of company stock valued at $192,547. Insiders own 2.70% of the company’s stock.

Central Pacific Financial Stock Down 0.1 %

Shares of NYSE:CPF opened at $18.71 on Friday. The company’s fifty day moving average is $19.05 and its 200-day moving average is $18.41. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 0.86. Central Pacific Financial Corp. has a 52 week low of $13.22 and a 52 week high of $22.00. The company has a market capitalization of $505.92 million, a PE ratio of 8.62 and a beta of 1.15.

Central Pacific Financial (NYSE:CPF) last released its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.07. The firm had revenue of $89.29 million for the quarter, compared to analyst estimates of $61.18 million. Central Pacific Financial had a net margin of 17.82% and a return on equity of 12.23%. During the same period in the previous year, the business earned $0.74 earnings per share. Equities research analysts predict that Central Pacific Financial Corp. will post 1.98 earnings per share for the current fiscal year.

Central Pacific Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were issued a $0.26 dividend. The ex-dividend date was Wednesday, February 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.56%. Central Pacific Financial’s dividend payout ratio is 47.93%.

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.