Northern Trust Corp raised its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 471,054 shares of the financial services provider’s stock after purchasing an additional 5,699 shares during the quarter. Northern Trust Corp’s holdings in Central Pacific Financial were worth $13,496,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its position in shares of Central Pacific Financial by 4.6% during the 2nd quarter. Renaissance Technologies LLC now owns 544,653 shares of the financial services provider’s stock worth $15,604,000 after buying an additional 24,200 shares in the last quarter. BlueMountain Capital Management LLC grew its position in shares of Central Pacific Financial by 17.5% during the 2nd quarter. BlueMountain Capital Management LLC now owns 14,061 shares of the financial services provider’s stock worth $403,000 after buying an additional 2,090 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in shares of Central Pacific Financial during the 2nd quarter worth $102,000. Citadel Advisors LLC lifted its stake in shares of Central Pacific Financial by 78.2% during the 2nd quarter. Citadel Advisors LLC now owns 194,384 shares of the financial services provider’s stock worth $5,569,000 after purchasing an additional 85,295 shares during the last quarter. Finally, Brown Advisory Inc. lifted its stake in shares of Central Pacific Financial by 738.8% during the 2nd quarter. Brown Advisory Inc. now owns 687,813 shares of the financial services provider’s stock worth $19,705,000 after purchasing an additional 605,813 shares during the last quarter. Institutional investors and hedge funds own 92.73% of the company’s stock.
Shares of NYSE CPF opened at $28.02 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $815.91 million, a P/E ratio of 17.62 and a beta of 0.89. Central Pacific Financial Corp. has a 1-year low of $23.85 and a 1-year high of $33.14.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Thursday, November 29th. Central Pacific Financial’s dividend payout ratio (DPR) is currently 52.83%.
Separately, Zacks Investment Research cut Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Friday, July 27th.
COPYRIGHT VIOLATION NOTICE: “Northern Trust Corp Purchases 5,699 Shares of Central Pacific Financial Corp. (CPF)” was first published by Week Herald and is the property of of Week Herald. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://weekherald.com/2018/11/07/northern-trust-corp-purchases-5699-shares-of-central-pacific-financial-corp-cpf.html.
About Central Pacific Financial
Central Pacific Financial Corp. operates as the holding company for Central Pacific Bank that provides commercial banking products and services to businesses, professionals, and individuals in Hawaii. The company operates in three segments: Banking Operations, Treasury, and All Others. It offers various deposit products and services, including personal and business checking and savings accounts, money market accounts, and time certificates of deposit.
Featured Story: What does EPS mean?
Want to see what other hedge funds are holding CPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Central Pacific Financial Corp. (NYSE:CPF).
Receive News & Ratings for Central Pacific Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Central Pacific Financial and related companies with MarketBeat.com's FREE daily email newsletter.