Aquatic Capital Management LLC Grows Stake in Central Pacific Financial Corp. (NYSE:CPF)

Aquatic Capital Management LLC lifted its stake in Central Pacific Financial Corp. (NYSE:CPF) by 663.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,633 shares of the financial services provider’s stock after buying an additional 6,633 shares during the period. Aquatic Capital Management LLC’s holdings in Central Pacific Financial were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CPF. JPMorgan Chase & Co. boosted its holdings in Central Pacific Financial by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 431,498 shares of the financial services provider’s stock worth $12,734,000 after acquiring an additional 26,139 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Central Pacific Financial in the fourth quarter valued at $413,000. Raymond James Financial Inc. acquired a new stake in Central Pacific Financial during the 4th quarter valued at $1,712,000. SBI Securities Co. Ltd. acquired a new position in Central Pacific Financial in the 4th quarter worth $31,000. Finally, American Century Companies Inc. boosted its position in Central Pacific Financial by 13.2% in 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 buying 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 Stock Performance

Shares of CPF opened at $26.61 on Friday. The firm has a market cap of $721.56 million, a price-to-earnings ratio of 13.51 and a beta of 0.98. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $26.33 and its two-hundred day moving average is $28.38. Central Pacific Financial Corp. has a 52-week low of $19.52 and a 52-week high of $33.25.

Central Pacific Financial (NYSE:CPF) last posted its quarterly earnings data on Wednesday, April 23rd. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $68.80 million for the quarter, compared to the consensus estimate 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 firm posted $0.48 EPS. Analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal 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 issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.06%. 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.

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.