Central Pacific Financial Corp. (NYSE:CPF) Shares Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its position in Central Pacific Financial Corp. (NYSE:CPF) by 342.0% in the fourth quarter, according to 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 quarter. ExodusPoint Capital Management LP’s holdings in Central Pacific Financial were worth $8,066,000 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. JPMorgan Chase & Co. grew its stake in shares of Central Pacific Financial by 36.6% in the 4th quarter. JPMorgan Chase & Co. now owns 589,609 shares of the financial services provider’s stock valued at $17,128,000 after buying an additional 158,111 shares during the period. American Century Companies Inc. grew its position in Central Pacific Financial by 13.2% in the fourth quarter. American Century Companies Inc. now owns 659,482 shares of the financial services provider’s stock worth $19,158,000 after acquiring an additional 77,032 shares during the period. Raymond James Financial Inc. purchased a new stake in Central Pacific Financial in the fourth quarter valued at $1,712,000. FMR LLC lifted its stake in shares of Central Pacific Financial by 24.4% in the 3rd quarter. FMR LLC now owns 295,359 shares of the financial services provider’s stock valued at $8,716,000 after purchasing an additional 58,009 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in shares of Central Pacific Financial during the 4th quarter worth $1,463,000. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a research report on Thursday, March 20th.

Central Pacific Financial Stock Performance

Shares of CPF stock opened at $23.91 on Friday. 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 firm has a market cap of $648.21 million, a P/E ratio of 12.13 and a beta of 1.17. The firm’s 50 day moving average price is $28.15 and its 200-day moving average price is $28.89. Central Pacific Financial Corp. has a one year low of $18.53 and a one year high of $33.25.

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 analysts’ consensus estimates of $0.61 by $0.09. Central Pacific Financial had a return on equity of 12.03% and a net margin of 15.49%. As a group, equities research analysts predict that Central Pacific Financial Corp. will post 2.75 EPS for the current year.

Central Pacific Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.52%. This is a boost from Central Pacific Financial’s previous quarterly dividend of $0.26. The ex-dividend date was Friday, February 28th. Central Pacific Financial’s dividend payout ratio (DPR) is 54.82%.

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.