Hsbc Holdings PLC Boosts Stake in Central Pacific Financial Corp. (NYSE:CPF)

Hsbc Holdings PLC raised its position in Central Pacific Financial Corp. (NYSE:CPFFree Report) by 92.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,370 shares of the financial services provider’s stock after buying an additional 57,418 shares during the period. Hsbc Holdings PLC’s holdings in Central Pacific Financial were worth $2,359,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Central Pacific Financial by 5.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,410 shares of the financial services provider’s stock valued at $303,000 after buying an additional 735 shares during the last quarter. AQR Capital Management LLC increased its stake in Central Pacific Financial by 0.3% in the 3rd quarter. AQR Capital Management LLC now owns 281,271 shares of the financial services provider’s stock valued at $4,692,000 after buying an additional 798 shares during the last quarter. New York State Teachers Retirement System increased its stake in Central Pacific Financial by 4.2% in the 4th quarter. New York State Teachers Retirement System now owns 25,075 shares of the financial services provider’s stock valued at $493,000 after buying an additional 1,022 shares during the last quarter. Quantbot Technologies LP increased its stake in Central Pacific Financial by 11.8% in the 3rd quarter. Quantbot Technologies LP now owns 11,372 shares of the financial services provider’s stock valued at $190,000 after buying an additional 1,202 shares during the last quarter. Finally, Brandywine Global Investment Management LLC grew its position in shares of Central Pacific Financial by 1.5% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 95,417 shares of the financial services provider’s stock valued at $1,592,000 after acquiring an additional 1,434 shares during the period. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Insider Activity

In other news, Director Agnes Catherine Ngo sold 3,333 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $21.19, for a total transaction of $70,626.27. Following the completion of the transaction, the director now directly owns 82,023 shares of the company’s stock, valued at approximately $1,738,067.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 9,999 shares of company stock valued at $198,347 in the last three months. Company insiders own 2.70% of the company’s stock.

Central Pacific Financial Stock Up 0.4 %

Central Pacific Financial stock opened at $20.33 on Friday. Central Pacific Financial Corp. has a twelve month low of $14.69 and a twelve month high of $22.00. The firm has a 50 day moving average price of $20.13 and a 200-day moving average price of $19.40. The company has a market capitalization of $549.72 million, a P/E ratio of 9.92 and a beta of 1.13. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.37.

Central Pacific Financial (NYSE:CPFGet Free Report) last released its earnings results on Wednesday, April 24th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.03. Central Pacific Financial had a net margin of 16.44% and a return on equity of 11.34%. The firm had revenue of $61.43 million during the quarter, compared to the consensus estimate of $60.78 million. As a group, equities analysts predict that Central Pacific Financial Corp. will post 2 EPS for the current year.

Central Pacific Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, May 31st. Central Pacific Financial’s dividend payout ratio is currently 50.73%.

Central Pacific Financial Profile

(Free Report)

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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Institutional Ownership by Quarter for Central Pacific Financial (NYSE:CPF)

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