Central Pacific Financial Corp. (NYSE:CPF) Short Interest Down 31.8% in December

Central Pacific Financial Corp. (NYSE:CPF) was the target of a large decline in short interest in December. As of December 15th, there was short interest totalling 432,000 shares, a decline of 31.8% from the November 30th total of 633,100 shares. Based on an average daily trading volume, of 230,900 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.6% of the company’s stock are short sold.

Central Pacific Financial Stock Up 0.1 %

Shares of Central Pacific Financial stock traded up $0.04 during midday trading on Monday, reaching $28.82. 107,607 shares of the company’s stock traded hands, compared to its average volume of 199,475. The company has a market cap of $780.01 million, a price-to-earnings ratio of 13.72 and a beta of 1.18. Central Pacific Financial has a 52 week low of $18.00 and a 52 week high of $33.25. The company’s 50 day simple moving average is $30.11 and its 200 day simple moving average is $27.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85.

Central Pacific Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.26 per share. The ex-dividend date was Friday, November 29th. This represents a $1.04 annualized dividend and a yield of 3.61%. Central Pacific Financial’s dividend payout ratio (DPR) is currently 49.52%.

Institutional Trading of Central Pacific Financial

Several large investors have recently made changes to their positions in CPF. Quest Partners LLC boosted its holdings in shares of Central Pacific Financial by 144.4% during the 3rd quarter. Quest Partners LLC now owns 32,083 shares of the financial services provider’s stock worth $947,000 after buying an additional 18,955 shares during the period. Geode Capital Management LLC lifted its position in Central Pacific Financial by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 640,369 shares of the financial services provider’s stock worth $18,901,000 after acquiring an additional 24,686 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Central Pacific Financial by 143.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 456,132 shares of the financial services provider’s stock worth $13,460,000 after acquiring an additional 268,719 shares during the last quarter. Barclays PLC boosted its holdings in Central Pacific Financial by 84.3% during the third quarter. Barclays PLC now owns 58,493 shares of the financial services provider’s stock valued at $1,726,000 after acquiring an additional 26,755 shares during the period. Finally, Acadian Asset Management LLC grew its position in shares of Central Pacific Financial by 16.6% in the second quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock valued at $11,442,000 after purchasing an additional 76,957 shares during the last quarter. Institutional investors own 88.42% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th.

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.