Auxier Asset Management Lowers Stock Position in Central Pacific Financial Corp. (NYSE:CPF)

Auxier Asset Management trimmed its holdings in shares of Central Pacific Financial Corp. (NYSE:CPF) by 2.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 84,900 shares of the financial services provider’s stock after selling 2,000 shares during the period. Auxier Asset Management owned about 0.31% of Central Pacific Financial worth $2,505,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CWM LLC grew its position in Central Pacific Financial by 221.9% during the second quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,349 shares during the period. nVerses Capital LLC purchased a new stake in shares of Central Pacific Financial during the 3rd quarter worth approximately $50,000. USA Financial Formulas acquired a new stake in shares of Central Pacific Financial in the 3rd quarter worth approximately $81,000. SG Americas Securities LLC purchased a new position in Central Pacific Financial in the 3rd quarter valued at approximately $183,000. Finally, Cadinha & Co. LLC purchased a new position in Central Pacific Financial in the 3rd quarter valued at approximately $225,000. 88.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th.

Central Pacific Financial Stock Up 0.5 %

Shares of NYSE CPF opened at $32.39 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The firm’s 50-day moving average is $29.43 and its two-hundred day moving average is $25.59. Central Pacific Financial Corp. has a 12-month low of $16.95 and a 12-month high of $33.25. The company has a market capitalization of $876.80 million, a PE ratio of 15.42 and a beta of 1.14.

Central Pacific Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date is Friday, November 29th. Central Pacific Financial’s dividend payout ratio (DPR) is presently 49.52%.

Central Pacific Financial Company 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.