EMC Capital Management Acquires Shares of 11,559 Central Pacific Financial Corp. (NYSE:CPF)

EMC Capital Management purchased a new stake in shares of Central Pacific Financial Corp. (NYSE:CPF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,559 shares of the financial services provider’s stock, valued at approximately $228,000.

A number of other large investors also recently bought and sold shares of CPF. SG Americas Securities LLC grew its holdings in Central Pacific Financial by 15.4% in the fourth quarter. SG Americas Securities LLC now owns 29,375 shares of the financial services provider’s stock valued at $578,000 after purchasing an additional 3,910 shares during the period. New York State Teachers Retirement System increased its holdings in Central Pacific Financial by 4.2% in the 4th quarter. New York State Teachers Retirement System now owns 25,075 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 1,022 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Central Pacific Financial by 5.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,410 shares of the financial services provider’s stock worth $303,000 after acquiring an additional 735 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Central Pacific Financial by 351.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,460 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 11,258 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Central Pacific Financial in the fourth quarter valued at about $266,000. 88.42% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Central Pacific Financial news, Director Agnes Catherine Ngo sold 3,333 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $22.67, for a total transaction of $75,559.11. Following the sale, the director now directly owns 75,357 shares in the company, valued at $1,708,343.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Central Pacific Financial Price Performance

Shares of Central Pacific Financial stock traded down $0.47 during trading hours on Friday, reaching $25.35. 280,028 shares of the company’s stock were exchanged, compared to its average volume of 178,317. The business has a fifty day moving average of $21.73 and a two-hundred day moving average of $20.29. The company has a market capitalization of $685.46 million, a P/E ratio of 12.59 and a beta of 1.12. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 0.37. Central Pacific Financial Corp. has a 1 year low of $14.69 and a 1 year high of $27.48.

Central Pacific Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.26 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.04 annualized dividend and a dividend yield of 4.10%. Central Pacific Financial’s dividend payout ratio is currently 50.73%.

Central Pacific Financial 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.