USA Financial Formulas Invests $81,000 in Central Pacific Financial Corp. (NYSE:CPF)

USA Financial Formulas purchased a new stake in shares of Central Pacific Financial Corp. (NYSE:CPF) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,734 shares of the financial services provider’s stock, valued at approximately $81,000.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Central Pacific Financial by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,089,447 shares of the financial services provider’s stock valued at $41,267,000 after acquiring an additional 17,058 shares during the period. Dimensional Fund Advisors LP increased its position in Central Pacific Financial by 5.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,404,043 shares of the financial services provider’s stock worth $29,765,000 after buying an additional 77,868 shares during the last quarter. LSV Asset Management increased its position in Central Pacific Financial by 10.7% in the second quarter. LSV Asset Management now owns 663,230 shares of the financial services provider’s stock worth $14,060,000 after buying an additional 63,862 shares during the last quarter. Renaissance Technologies LLC increased its position in Central Pacific Financial by 3.6% in the second quarter. Renaissance Technologies LLC now owns 550,400 shares of the financial services provider’s stock worth $11,668,000 after buying an additional 19,247 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Central Pacific Financial by 16.6% during the 2nd quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock valued at $11,442,000 after buying an additional 76,957 shares during the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

Central Pacific Financial Trading Up 1.3 %

Shares of CPF opened at $28.35 on Friday. Central Pacific Financial Corp. has a fifty-two week low of $14.69 and a fifty-two week high of $29.55. The business has a 50-day moving average of $27.09 and a 200 day moving average of $23.11. The firm has a market cap of $766.64 million, a P/E ratio of 13.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.86 and a current ratio of 0.86.

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 the consensus estimate of $0.48 by $0.10. The company had revenue of $87.96 million for the quarter, compared to analyst estimates of $61.74 million. Central Pacific Financial had a net margin of 16.44% and a return on equity of 11.36%. During the same quarter in the previous year, the firm posted $0.53 earnings per share. As a group, research analysts forecast that Central Pacific Financial Corp. will post 2.2 EPS for the current year.

Central Pacific Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.26 per share. The ex-dividend date was Friday, August 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.67%. Central Pacific Financial’s payout ratio is 50.73%.

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.