Auxier Asset Management Trims Holdings in Central Pacific Financial Corp. (NYSE:CPF)

Auxier Asset Management cut its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 84,900 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. Auxier Asset Management’s holdings in Central Pacific Financial were worth $2,505,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in Central Pacific Financial by 143.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 456,132 shares of the financial services provider’s stock valued at $13,460,000 after acquiring an additional 268,719 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 valued at $29,765,000 after purchasing an additional 77,868 shares during the last quarter. American Century Companies Inc. lifted its position in Central Pacific Financial by 17.8% during the second quarter. American Century Companies Inc. now owns 511,590 shares of the financial services provider’s stock worth $10,846,000 after buying an additional 77,265 shares during the period. Acadian Asset Management LLC boosted its stake in Central Pacific Financial by 16.6% in the 2nd quarter. Acadian Asset Management LLC now owns 539,882 shares of the financial services provider’s stock worth $11,442,000 after buying an additional 76,957 shares during the last quarter. Finally, LSV Asset Management grew its holdings in Central Pacific Financial by 10.7% in the 2nd quarter. LSV Asset Management now owns 663,230 shares of the financial services provider’s stock valued at $14,060,000 after buying an additional 63,862 shares during the period. Institutional investors and hedge funds own 88.42% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of 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 %

CPF opened at $32.39 on Friday. Central Pacific Financial Corp. has a 1 year low of $16.95 and a 1 year high of $33.25. The firm has a 50 day moving average price of $29.43 and a 200 day moving average price of $25.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $876.80 million, a PE ratio of 15.42 and a beta of 1.14.

Central Pacific Financial Announces Dividend

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

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.