Bridgeway Capital Management LLC Has $4.58 Million Stake in Central Pacific Financial Corp. (NYSE:CPF)

Bridgeway Capital Management LLC lifted its position in Central Pacific Financial Corp. (NYSE:CPF) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 157,584 shares of the financial services provider’s stock after buying an additional 4,333 shares during the quarter. Bridgeway Capital Management LLC owned about 0.58% of Central Pacific Financial worth $4,578,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Central Pacific Financial by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider’s stock valued at $12,734,000 after purchasing an additional 26,139 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in Central Pacific Financial during the fourth quarter valued at about $413,000. Raymond James Financial Inc. acquired a new stake in shares of Central Pacific Financial in the fourth quarter worth about $1,712,000. SBI Securities Co. Ltd. bought a new stake in shares of Central Pacific Financial during the 4th quarter worth about $31,000. Finally, American Century Companies Inc. increased its holdings in shares of Central Pacific Financial by 13.2% during the 4th quarter. American Century Companies Inc. now owns 659,482 shares of the financial services provider’s stock valued at $19,158,000 after acquiring an additional 77,032 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

Central Pacific Financial Price Performance

NYSE CPF opened at $26.35 on Thursday. The company has a market cap of $710.71 million, a P/E ratio of 13.37 and a beta of 1.02. Central Pacific Financial Corp. has a 1 year low of $19.52 and a 1 year high of $33.25. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $26.19 and a 200 day simple moving average of $28.33.

Central Pacific Financial (NYSE:CPF) last released its quarterly earnings results on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $68.80 million during the quarter, compared to analysts’ expectations of $68.93 million. Central Pacific Financial had a net margin of 15.49% and a return on equity of 12.03%. During the same period in the prior year, the company earned $0.48 earnings per share. On average, sell-side analysts predict that Central Pacific Financial Corp. will post 2.75 EPS for the current year.

Central Pacific Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.10%. The ex-dividend date is Friday, May 30th. Central Pacific Financial’s dividend payout ratio is currently 50.47%.

Analyst Ratings Changes

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

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.