Central Pacific Financial Corp. (NYSE:CPF) Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. grew its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 48.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 90,985 shares of the financial services provider’s stock after purchasing an additional 29,885 shares during the quarter. Balyasny Asset Management L.P. owned approximately 0.34% of Central Pacific Financial worth $2,643,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC boosted its position in shares of Central Pacific Financial by 7.2% in the 4th quarter. SG Americas Securities LLC now owns 6,643 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 448 shares during the period. Sterling Capital Management LLC boosted its holdings in shares of Central Pacific Financial by 4.4% in the fourth quarter. Sterling Capital Management LLC now owns 17,969 shares of the financial services provider’s stock valued at $522,000 after acquiring an additional 762 shares during the period. Diversified Trust Co grew its position in shares of Central Pacific Financial by 9.8% during the fourth quarter. Diversified Trust Co now owns 8,787 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 783 shares during the last quarter. Hsbc Holdings PLC increased its holdings in shares of Central Pacific Financial by 3.7% in the 4th quarter. Hsbc Holdings PLC now owns 26,575 shares of the financial services provider’s stock valued at $766,000 after acquiring an additional 940 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in Central Pacific Financial in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 88.42% of the company’s stock.

Central Pacific Financial Stock Performance

NYSE CPF opened at $26.72 on Monday. The firm has a market cap of $720.80 million, a P/E ratio of 13.56 and a beta of 1.02. Central Pacific Financial Corp. has a 52-week low of $19.52 and a 52-week high of $33.25. The business’s 50-day moving average price is $26.12 and its 200 day moving average price is $28.29. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.65 earnings per share for the quarter, topping 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 return on equity of 12.03% and a net margin of 15.49%. During the same period last year, the firm earned $0.48 EPS. On average, equities research analysts expect that Central Pacific Financial Corp. will post 2.75 earnings per share for the current year.

Central Pacific Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.27 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.08 dividend on an annualized basis and a yield of 4.04%. Central Pacific Financial’s dividend payout ratio (DPR) is 50.47%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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.