Central Pacific Financial Corp. (CPF) Shares Bought by Aperio Group LLC
Aperio Group LLC lifted its stake in Central Pacific Financial Corp. (NYSE:CPF) by 42.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,731 shares of the financial services provider’s stock after purchasing an additional 7,354 shares during the quarter. Aperio Group LLC owned 0.08% of Central Pacific Financial worth $709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of CPF. Piedmont Investment Advisors LLC purchased a new stake in shares of Central Pacific Financial in the second quarter worth approximately $197,000. Xact Kapitalforvaltning AB lifted its position in shares of Central Pacific Financial by 61.7% in the first quarter. Xact Kapitalforvaltning AB now owns 11,795 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 4,500 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Central Pacific Financial in the first quarter worth approximately $572,000. Citigroup Inc. lifted its position in shares of Central Pacific Financial by 58.0% in the first quarter. Citigroup Inc. now owns 24,360 shares of the financial services provider’s stock worth $693,000 after purchasing an additional 8,943 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Central Pacific Financial by 20.6% in the first quarter. KBC Group NV now owns 44,648 shares of the financial services provider’s stock worth $1,271,000 after purchasing an additional 7,621 shares in the last quarter. 92.20% of the stock is owned by institutional investors and hedge funds.
In related news, insider Arnold D. Martines sold 1,038 shares of the stock in a transaction that occurred on Wednesday, June 13th. The stock was sold at an average price of $29.44, for a total value of $30,558.72. Following the transaction, the insider now owns 1,104 shares in the company, valued at $32,501.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine H. H Camp acquired 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 19th. The stock was purchased at an average price of $29.80 per share, for a total transaction of $53,640.00. Following the acquisition, the director now directly owns 6,112 shares of the company’s stock, valued at approximately $182,137.60. The disclosure for this purchase can be found here. Corporate insiders own 4.30% of the company’s stock.
NYSE:CPF opened at $28.28 on Friday. Central Pacific Financial Corp. has a 52 week low of $27.19 and a 52 week high of $33.15. The company has a market capitalization of $843.28 million, a P/E ratio of 17.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.78 and a current ratio of 0.78.
Central Pacific Financial (NYSE:CPF) last released its quarterly earnings data on Wednesday, July 25th. The financial services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Central Pacific Financial had a return on equity of 10.54% and a net margin of 19.71%. The firm had revenue of $52.30 million for the quarter, compared to the consensus estimate of $52.45 million. sell-side analysts anticipate that Central Pacific Financial Corp. will post 1.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Friday, August 31st will be issued a $0.21 dividend. The ex-dividend date is Thursday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 2.97%. Central Pacific Financial’s dividend payout ratio is currently 52.83%.
Central Pacific Financial Company 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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