Two Sigma Investments LP Invests $1.043 Million in Central Pacific Financial Corp. (CPF)

Two Sigma Investments LP acquired a new position in shares of Central Pacific Financial Corp. (NYSE:CPF) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 33,201 shares of the financial services provider’s stock, valued at approximately $1,043,000. Two Sigma Investments LP owned about 0.11% of Central Pacific Financial Corp. as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CPF. Municipal Employees Retirement System of Michigan increased its position in shares of Central Pacific Financial Corp. by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,890 shares of the financial services provider’s stock worth $174,000 after buying an additional 110 shares during the last quarter. Capstone Investment Advisors LLC bought a new position in shares of Central Pacific Financial Corp. during the fourth quarter worth approximately $203,000. Sei Investments Co. increased its position in shares of Central Pacific Financial Corp. by 34.9% in the third quarter. Sei Investments Co. now owns 9,609 shares of the financial services provider’s stock worth $242,000 after buying an additional 2,488 shares during the last quarter. Aperio Group LLC increased its position in shares of Central Pacific Financial Corp. by 3.6% in the third quarter. Aperio Group LLC now owns 10,315 shares of the financial services provider’s stock worth $260,000 after buying an additional 355 shares during the last quarter. Finally, A.R.T. Advisors LLC bought a new position in shares of Central Pacific Financial Corp. during the fourth quarter worth approximately $320,000. 93.95% of the stock is currently owned by hedge funds and other institutional investors.

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

Central Pacific Financial Corp. (NYSE:CPF) traded down 0.79% during mid-day trading on Friday, reaching $30.31. 116,872 shares of the company’s stock traded hands. Central Pacific Financial Corp. has a 1-year low of $21.88 and a 1-year high of $33.12. The firm has a 50-day moving average price of $30.28 and a 200-day moving average price of $29.64. The stock has a market cap of $932.73 million, a P/E ratio of 20.21 and a beta of 1.15.

Central Pacific Financial Corp. (NYSE:CPF) last announced its earnings results on Wednesday, January 25th. The financial services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. Central Pacific Financial Corp. had a return on equity of 9.16% and a net margin of 21.99%. The business had revenue of $53.47 million for the quarter, compared to analysts’ expectations of $50.90 million. During the same period in the prior year, the business posted $0.34 earnings per share. Equities research analysts anticipate that Central Pacific Financial Corp. will post $1.58 EPS for the current fiscal year.

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Separately, Compass Point raised shares of Central Pacific Financial Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, January 26th.

In related news, insider John C. Dean sold 3,030 shares of the company’s stock in a transaction that occurred on Wednesday, March 8th. The stock was sold at an average price of $31.33, for a total value of $94,929.90. Following the sale, the insider now directly owns 8,122 shares in the company, valued at $254,462.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John C. Dean sold 9,378 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $30.49, for a total value of $285,935.22. Following the completion of the sale, the insider now owns 8,122 shares in the company, valued at $247,639.78. The disclosure for this sale can be found here. Insiders sold 27,356 shares of company stock worth $841,984 over the last quarter. 4.20% of the stock is currently owned by company insiders.

About Central Pacific Financial Corp.

Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Company’s segments include Banking Operations, Treasury and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending, consumer lending, trust services, retail brokerage services and its retail branch offices, which provide a range of deposit and loan products, as well as various other banking services.

5 Day Chart for NYSE:CPF

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