Central Pacific Financial (NYSE:CPF) hits a new 1-year high of $28.94

Share price of Central Pacific Financial Corp. (NYSE:CPF – Get Free Report ) hit a new 52-week high during trading on Tuesday . The stock traded as high as $28.94 and last traded at $28.83, with a volume of 116226 shares changing hands. Shares previously closed at $27.70.

Central Pacific Financial Stock Performance

The firm has a market cap of $784.22 million, a PE ratio of 13.88 and a beta of 1.12. The company has a 50 day simple moving average of $25.92 and a two hundred day simple moving average of $22.10. The company has a quick ratio of 0.86, a current ratio of 0.86, and a debt-to-equity ratio of 0.30.

Central Pacific Financial (NYSE:CPF – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.10. The company had revenue of $87.96 million during the quarter, compared to analyst estimates of $61.74 million. Central Pacific Financial had a net margin of 16.44% and a return on equity of 11.36%. In the same quarter last year, the business posted EPS of $0.53. As a group, equities research analysts forecast that Central Pacific Financial Corp. will post 2.2 earnings per share for the current fiscal year.

Central Pacific Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.26 dividend. The ex-dividend date was Friday, August 30. This represents an annualized dividend of $1.04 and a yield of 3.59%. Central Pacific Financial’s dividend payout ratio (DPR) is currently 50.73%.

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, July 12th. The shares were sold at an average price of $22.67, for a total transaction of $75,559.11. Following the transaction, the director now owns 75,357 shares in the company, valued at $1,708,343.19. The sale was disclosed in a legal filing with the SEC, which is accessible via this link. 2.70% of shares are currently owned by company insiders.

Hedge funds affect Central Pacific Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners acquired a new stake in Central Pacific Financial in the first quarter valued at approximately $740,000. State Board of Administration of Florida Retirement System acquired a new stake in shares of Central Pacific Financial in the first quarter valued at about $409,000. LSV Asset Management boosted its holdings in shares of Central Pacific Financial by 9.5% in the first quarter. LSV Asset Management now owns 599,368 shares of the financial services provider’s stock valued at $11,838,000 after purchasing an additional 51,967 shares in the last quarter. Acadian Asset Management LLC grew its position in shares of Central Pacific Financial by 359.7% in the first quarter. Acadian Asset Management LLC now owns 462,925 shares of the financial services provider’s stock valued at $9,140,000 after buying an additional 362,232 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Central Pacific Financial by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 842,611 shares of the financial services provider’s stock worth $16,583,000 after buying an additional 20,929 shares in the last quarter. 88.42% of shares are currently owned by institutional investors.

Central Pacific Financial Company Profile

(Get a free report)

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank, which provides a wide 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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