Sun Sep 15 10:06:54 UTC 2024: ## Quest Partners Reduces Stake in Central Pacific Financial Corp.

**New York, NY** – Quest Partners LLC, an institutional investor, reduced its holdings in Central Pacific Financial Corp. (NYSE:CPF) by 30% during the second quarter, according to a recent SEC filing. The firm sold 5,629 shares, leaving them with 13,128 shares valued at $278,000.

This move comes amidst other institutional investor activity in CPF. CWM LLC increased its stake by 221.9% in the second quarter, while Allspring Global Investments Holdings LLC increased its holdings by 660.9% during the first quarter. New stakes were also acquired by Central Pacific Bank Trust Division, Natixis Advisors L.P., and EMC Capital Management. Institutional investors now own 88.42% of CPF stock.

CPF stock opened at $26.93 on Friday, with a market capitalization of $728.73 million. The company recently announced a quarterly dividend of $0.26 per share, payable on September 16th.

In other news, Director Agnes Catherine Ngo sold 3,333 shares of CPF stock on July 12th, reducing her direct ownership to 75,357 shares. Insiders currently own 2.70% of the company’s stock.

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank, providing a range of commercial banking products and services across the US.

**Disclaimer:** This news article is based on information provided by MarketBeat News and is intended for informational purposes only. It is not intended to provide financial advice or recommendations. Investors should conduct their own research and consult with a financial professional before making any investment decisions.

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