Engineers Gate Manager LP Buys New Position in Central Pacific Financial Corp. (CPF)

Engineers Gate Manager LP bought a new stake in Central Pacific Financial Corp. (NYSE:CPF) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,361 shares of the financial services provider’s stock, valued at approximately $406,000. Engineers Gate Manager LP owned about 0.05% of Central Pacific Financial as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Piedmont Investment Advisors LLC bought a new stake in shares of Central Pacific Financial during the 2nd quarter valued at $197,000. Aperio Group LLC grew its position in shares of Central Pacific Financial by 42.3% during the 2nd quarter. Aperio Group LLC now owns 24,731 shares of the financial services provider’s stock valued at $709,000 after acquiring an additional 7,354 shares during the period. TD Asset Management Inc. bought a new stake in shares of Central Pacific Financial during the 2nd quarter valued at $1,467,000. Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Central Pacific Financial by 8.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 37,191 shares of the financial services provider’s stock valued at $1,066,000 after acquiring an additional 2,860 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Central Pacific Financial during the 2nd quarter valued at $166,000. Institutional investors and hedge funds own 92.76% of the company’s stock.

CPF opened at $27.83 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.79 and a current ratio of 0.79. Central Pacific Financial Corp. has a fifty-two week low of $23.85 and a fifty-two week high of $33.14. The firm has a market cap of $810.12 million, a P/E ratio of 17.50 and a beta of 0.89.



Central Pacific Financial (NYSE:CPF) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Central Pacific Financial had a net margin of 20.71% and a return on equity of 11.41%. The company had revenue of $54.15 million for the quarter, compared to analysts’ expectations of $53.15 million. As a group, equities analysts expect that Central Pacific Financial Corp. will post 1.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, November 29th. Central Pacific Financial’s dividend payout ratio (DPR) is 52.83%.

Separately, Zacks Investment Research upgraded shares of Central Pacific Financial from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, October 30th.

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About Central Pacific Financial

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

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