Central Pacific Financial Corp. (NYSE:CPF) Short Interest Down 15.1% in July

Central Pacific Financial Corp. (NYSE:CPF) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totalling 471,800 shares, a decline of 15.1% from the June 30th total of 555,700 shares. Based on an average daily volume of 173,100 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.8% of the shares of the stock are short sold.

Insider Activity at Central Pacific Financial

In related news, Director Agnes Catherine Ngo sold 3,333 shares of the business’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $22.67, for a total value of $75,559.11. Following the completion of the transaction, the director now owns 75,357 shares of the company’s stock, valued at $1,708,343.19. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.

Institutional Trading of Central Pacific Financial

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Central Pacific Financial by 0.8% in the first quarter. Vanguard Group Inc. now owns 2,089,447 shares of the financial services provider’s stock valued at $41,267,000 after acquiring an additional 17,058 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Central Pacific Financial by 9.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,059 shares of the financial services provider’s stock valued at $24,562,000 after acquiring an additional 112,105 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Central Pacific Financial by 2.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 842,611 shares of the financial services provider’s stock valued at $16,583,000 after acquiring an additional 20,929 shares during the last quarter. LSV Asset Management boosted its holdings in Central Pacific Financial by 9.5% in the first quarter. LSV Asset Management now owns 599,368 shares of the financial services provider’s stock valued at $11,838,000 after acquiring an additional 51,967 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Central Pacific Financial by 359.7% in the first quarter. Acadian Asset Management LLC now owns 462,925 shares of the financial services provider’s stock valued at $9,140,000 after acquiring an additional 362,232 shares during the last quarter. 88.42% of the stock is currently owned by institutional investors.

Central Pacific Financial Trading Down 2.8 %

Shares of NYSE:CPF traded down $0.73 during midday trading on Monday, hitting $25.13. 194,495 shares of the stock were exchanged, compared to its average volume of 173,642. The stock has a market capitalization of $679.52 million, a price-to-earnings ratio of 12.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.86. The business’s 50-day moving average price is $21.53 and its 200 day moving average price is $20.20. Central Pacific Financial has a 12 month low of $14.69 and a 12 month high of $26.00.

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.