Voya Investment Management LLC Sells 1,411 Shares of Central Pacific Financial Corp. (NYSE:CPF)

Voya Investment Management LLC lessened its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,638 shares of the financial services provider’s stock after selling 1,411 shares during the period. Voya Investment Management LLC owned about 0.14% of Central Pacific Financial worth $1,122,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. ExodusPoint Capital Management LP grew its position in Central Pacific Financial by 342.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 277,664 shares of the financial services provider’s stock valued at $8,066,000 after acquiring an additional 214,840 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Central Pacific Financial by 36.6% during the 4th quarter. JPMorgan Chase & Co. now owns 589,609 shares of the financial services provider’s stock valued at $17,128,000 after buying an additional 158,111 shares in the last quarter. American Century Companies Inc. increased its position in shares of Central Pacific Financial by 13.2% during the fourth quarter. American Century Companies Inc. now owns 659,482 shares of the financial services provider’s stock worth $19,158,000 after acquiring an additional 77,032 shares during the period. Renaissance Technologies LLC increased its holdings in Central Pacific Financial by 11.6% during the 4th quarter. Renaissance Technologies LLC now owns 637,053 shares of the financial services provider’s stock worth $18,506,000 after purchasing an additional 66,053 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Central Pacific Financial during the 4th quarter worth $1,712,000. Institutional investors own 88.42% of the company’s stock.

Central Pacific Financial Price Performance

NYSE CPF opened at $26.87 on Tuesday. The company has a market cap of $728.61 million, a PE ratio of 13.64 and a beta of 0.98. Central Pacific Financial Corp. has a 52-week low of $19.52 and a 52-week high of $33.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50 day moving average price is $26.29 and its 200-day moving average price is $28.36.

Central Pacific Financial (NYSE:CPF) last announced 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 business had revenue of $68.80 million for the quarter, compared to the consensus estimate 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 business posted $0.48 EPS. Sell-side analysts forecast that Central Pacific Financial Corp. will post 2.75 EPS for the current fiscal year.

Central Pacific Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Friday, May 30th. Central Pacific Financial’s dividend payout ratio is currently 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 note 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.