Central Pacific Financial Corp. (NYSE:CPF) Shares Bought by EMC Capital Management

EMC Capital Management lifted its position in shares of Central Pacific Financial Corp. (NYSE:CPF) by 92.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,559 shares of the financial services provider’s stock after buying an additional 5,544 shares during the quarter. EMC Capital Management’s holdings in Central Pacific Financial were worth $336,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. nVerses Capital LLC acquired a new position in Central Pacific Financial during the third quarter worth about $50,000. Quarry LP acquired a new position in shares of Central Pacific Financial during the 3rd quarter worth approximately $53,000. USA Financial Formulas purchased a new stake in Central Pacific Financial in the 3rd quarter valued at approximately $81,000. CWM LLC grew its holdings in Central Pacific Financial by 77.7% during the 3rd quarter. CWM LLC now owns 3,477 shares of the financial services provider’s stock valued at $103,000 after buying an additional 1,520 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Central Pacific Financial during the third quarter worth $183,000. 88.42% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Central Pacific Financial from a “hold” rating to a “sell” rating in a research report on Tuesday.

Central Pacific Financial Stock Performance

Shares of NYSE CPF opened at $28.65 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $775.42 million, a PE ratio of 13.51 and a beta of 1.19. The company has a 50-day simple moving average of $29.47 and a 200-day simple moving average of $28.19. Central Pacific Financial Corp. has a 12 month low of $18.00 and a 12 month high of $33.25.

Central Pacific Financial (NYSE:CPF) last released its earnings results on Wednesday, January 29th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. Central Pacific Financial had a net margin of 16.10% and a return on equity of 11.44%. On average, equities analysts anticipate that Central Pacific Financial Corp. will post 2.29 earnings per share for the current year.

Central Pacific Financial Company Profile

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.