WINTON GROUP Ltd Grows Stock Holdings in Central Pacific Financial Corp. (NYSE:CPF)

WINTON GROUP Ltd grew its position in Central Pacific Financial Corp. (NYSE:CPF) by 14.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,148 shares of the financial services provider’s stock after buying an additional 6,757 shares during the quarter. WINTON GROUP Ltd owned 0.20% of Central Pacific Financial worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its position in Central Pacific Financial by 221.9% in the 2nd quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 1,349 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Central Pacific Financial by 660.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,488 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 2,161 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Central Pacific Financial during the 1st quarter worth approximately $134,000. Natixis Advisors L.P. purchased a new position in Central Pacific Financial in the 4th quarter valued at approximately $222,000. Finally, EMC Capital Management acquired a new position in shares of Central Pacific Financial in the first quarter worth $228,000. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Central Pacific Financial Stock Up 2.1 %

Central Pacific Financial stock opened at $26.93 on Monday. The firm has a market capitalization of $728.73 million, a P/E ratio of 13.14 and a beta of 1.12. The stock’s fifty day simple moving average is $25.50 and its 200-day simple moving average is $21.93. Central Pacific Financial Corp. has a twelve month low of $14.69 and a twelve month high of $28.38. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.30.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.10. Central Pacific Financial had a return on equity of 11.36% and a net margin of 16.44%. The company had revenue of $87.96 million for the quarter, compared to analyst estimates of $61.74 million. During the same quarter last year, the company earned $0.53 EPS. As a group, equities analysts expect that Central Pacific Financial Corp. will post 2.2 earnings per share for the current fiscal year.

Central Pacific Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.26 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.04 dividend on an annualized basis and a yield of 3.86%. Central Pacific Financial’s dividend payout ratio is currently 50.73%.

Insiders Place Their Bets

In related news, Director Agnes Catherine Ngo sold 3,333 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $22.67, for a total value of $75,559.11. Following the transaction, the director now owns 75,357 shares of the company’s stock, valued at $1,708,343.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

About Central Pacific Financial

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.