Central Pacific Financial (NYSE:CPF) Lowered to “Sell” Rating by StockNews.com

Central Pacific Financial (NYSE:CPF) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Central Pacific Financial Stock Performance

Central Pacific Financial stock opened at $30.77 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.29. The company has a market cap of $832.94 million, a PE ratio of 14.65 and a beta of 1.14. The company’s 50-day moving average is $28.82 and its two-hundred day moving average is $25.11. Central Pacific Financial has a 1 year low of $16.95 and a 1 year high of $32.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Algert Global LLC increased its position in shares of Central Pacific Financial by 1.4% in the 3rd quarter. Algert Global LLC now owns 41,936 shares of the financial services provider’s stock valued at $1,238,000 after buying an additional 570 shares in the last quarter. Panagora Asset Management Inc. grew its position in shares of Central Pacific Financial by 0.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 152,349 shares of the financial services provider’s stock valued at $3,230,000 after purchasing an additional 949 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Central Pacific Financial by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,507 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 1,020 shares in the last quarter. CWM LLC raised its holdings in Central Pacific Financial by 221.9% during the 2nd quarter. CWM LLC now owns 1,957 shares of the financial services provider’s stock worth $41,000 after buying an additional 1,349 shares during the period. Finally, nVerses Capital LLC bought a new position in Central Pacific Financial in the third quarter valued at approximately $50,000. Institutional investors own 88.42% of the company’s stock.

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.