Central Pacific Financial Corp. (NYSE:CPF) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 451,200 shares, a decline of 13.2% from the January 15th total of 519,900 shares. Based on an average daily volume of 135,800 shares, the short-interest ratio is presently 3.3 days. Approximately 1.7% of the company’s stock are sold short.

In other Central Pacific Financial news, Director John C. Dean sold 6,700 shares of Central Pacific Financial stock in a transaction on Friday, December 6th. The shares were sold at an average price of $29.45, for a total value of $197,315.00. Following the completion of the sale, the director now directly owns 3,398 shares of the company’s stock, valued at $100,071.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John C. Dean sold 6,600 shares of Central Pacific Financial stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.16, for a total transaction of $192,456.00. Following the completion of the sale, the director now directly owns 3,398 shares of the company’s stock, valued at $99,085.68. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new position in Central Pacific Financial in the fourth quarter valued at about $37,000. Cubist Systematic Strategies LLC boosted its stake in Central Pacific Financial by 77.5% in the fourth quarter. Cubist Systematic Strategies LLC now owns 18,948 shares of the financial services provider’s stock valued at $560,000 after acquiring an additional 8,276 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Central Pacific Financial during the 4th quarter valued at approximately $622,000. Jacobs Levy Equity Management Inc. lifted its stake in shares of Central Pacific Financial by 29.4% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 116,745 shares of the financial services provider’s stock valued at $3,453,000 after buying an additional 26,516 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Central Pacific Financial by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 973,586 shares of the financial services provider’s stock valued at $28,798,000 after buying an additional 10,737 shares in the last quarter. 92.25% of the stock is owned by institutional investors.

Shares of NYSE:CPF traded down $0.45 during midday trading on Friday, hitting $28.21. 117,800 shares of the company’s stock were exchanged, compared to its average volume of 140,126. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a 50 day moving average price of $28.78 and a 200-day moving average price of $28.83. The company has a market cap of $802.22 million, a PE ratio of 13.90 and a beta of 1.05. Central Pacific Financial has a 12 month low of $27.12 and a 12 month high of $30.82.

Central Pacific Financial (NYSE:CPF) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. The company had revenue of $57.70 million during the quarter, compared to the consensus estimate of $55.90 million. Central Pacific Financial had a net margin of 22.59% and a return on equity of 11.26%. On average, analysts anticipate that Central Pacific Financial will post 1.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 28th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.26%. The ex-dividend date is Thursday, February 27th. Central Pacific Financial’s payout ratio is presently 45.32%.

Several research firms have weighed in on CPF. ValuEngine raised shares of Central Pacific Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Zacks Investment Research downgraded shares of Central Pacific Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th.

Central Pacific Financial Company Profile

Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit.

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