Central Pacific Financial Corp. (NYSE:CPF) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its position in Central Pacific Financial Corp. (NYSE:CPF) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,337 shares of the financial services provider’s stock after selling 28,092 shares during the quarter. Teacher Retirement System of Texas’ holdings in Central Pacific Financial were worth $1,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new position in shares of Central Pacific Financial in the 4th quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in Central Pacific Financial in the fourth quarter valued at approximately $31,000. Quarry LP acquired a new position in Central Pacific Financial during the third quarter valued at approximately $53,000. SG Americas Securities LLC grew its stake in Central Pacific Financial by 7.2% during the fourth quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock worth $193,000 after buying an additional 448 shares during the period. Finally, Diversified Trust Co increased its position in shares of Central Pacific Financial by 9.8% in the fourth quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Central Pacific Financial Trading Up 0.0 %

Shares of CPF opened at $27.51 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. Central Pacific Financial Corp. has a 12 month low of $18.53 and a 12 month high of $33.25. The stock has a market cap of $745.85 million, a PE ratio of 13.96 and a beta of 1.17. The stock’s 50-day moving average is $28.43 and its two-hundred day moving average is $28.91.

Central Pacific Financial (NYSE:CPF) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. Equities analysts forecast that Central Pacific Financial Corp. will post 2.75 earnings per share for the current fiscal year.

Central Pacific Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.27 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from Central Pacific Financial’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 3.93%. Central Pacific Financial’s dividend payout ratio is 54.82%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a 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.