BNP Paribas Arbitrage SA raised its stake in Central Pacific Financial Corp. (NYSE:CPF) by 907.8% during the 1st quarter, Holdings Channel reports. The firm owned 6,591 shares of the financial services provider’s stock after buying an additional 5,937 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Central Pacific Financial were worth $190,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its stake in Central Pacific Financial by 2.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 17,243 shares of the financial services provider’s stock valued at $420,000 after purchasing an additional 385 shares during the last quarter. Legal & General Group Plc grew its stake in Central Pacific Financial by 0.7% in the fourth quarter. Legal & General Group Plc now owns 62,851 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 426 shares during the last quarter. Texas Permanent School Fund grew its stake in Central Pacific Financial by 3.1% in the fourth quarter. Texas Permanent School Fund now owns 19,090 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 577 shares during the last quarter. Eagle Asset Management Inc. grew its stake in Central Pacific Financial by 0.6% in the fourth quarter. Eagle Asset Management Inc. now owns 160,420 shares of the financial services provider’s stock valued at $3,906,000 after purchasing an additional 953 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Central Pacific Financial by 0.4% in the fourth quarter. Northern Trust Corp now owns 482,379 shares of the financial services provider’s stock valued at $11,746,000 after purchasing an additional 1,749 shares during the last quarter. Institutional investors own 96.08% of the company’s stock.

In other news, Director John C. Dean sold 10,000 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $30.04, for a total transaction of $300,400.00. Following the sale, the director now owns 3,398 shares in the company, valued at $102,075.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Dean sold 20,000 shares of the business’s stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $30.42, for a total value of $608,400.00. Following the sale, the director now owns 3,398 shares in the company, valued at approximately $103,367.16. The disclosure for this sale can be found here. Insiders have sold 35,000 shares of company stock worth $1,052,550 in the last 90 days. Insiders own 3.80% of the company’s stock.

Separately, Zacks Investment Research lowered Central Pacific Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, April 30th.

CPF opened at $28.89 on Monday. Central Pacific Financial Corp. has a 1 year low of $23.23 and a 1 year high of $30.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $827.11 million, a price-to-earnings ratio of 13.82 and a beta of 1.01.

Central Pacific Financial (NYSE:CPF) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Central Pacific Financial had a return on equity of 12.54% and a net margin of 24.93%. The company had revenue of $56.79 million for the quarter, compared to analyst estimates of $54.80 million. Sell-side analysts predict that Central Pacific Financial Corp. will post 2.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Friday, May 31st will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 3.18%. The ex-dividend date of this dividend is Thursday, May 30th. This is a positive change from Central Pacific Financial’s previous quarterly dividend of $0.21. Central Pacific Financial’s payout ratio is 41.79%.

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Central Pacific Financial Profile

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.

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Institutional Ownership by Quarter for Central Pacific Financial (NYSE:CPF)

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