Raymond James Reaffirms Their Hold Rating on Central Pacific Financial (CPF)


Raymond James analyst David Feaster maintained a Hold rating on Central Pacific Financial (CPF) today. The company’s shares closed last Wednesday at $13.52, close to its 52-week low of $12.40.

According to TipRanks.com, Feaster is a 3-star analyst with an average return of 7.5% and a 75.0% success rate. Feaster covers the Financial sector, focusing on stocks such as Central Valley Community Bancorp, Seacoast Banking Of Florida, and Bank of Commerce Holdings.

Currently, the analyst consensus on Central Pacific Financial is a Hold with an average price target of $15.00.

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The company has a one-year high of $30.56 and a one-year low of $12.40. Currently, Central Pacific Financial has an average volume of 155K.

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Central Pacific Financial Corp. is a bank holding company, which engages in the provision of commercial banking services through its wholly owned subsidiary, Central Pacific Bank. It operates through the following segments: Banking Operations, Treasury, and All Others. The Banking Operations segment includes construction and real estate development lending, commercial lending, residential mortgage lending and servicing, indirect auto lending, trust services, and retail brokerage services. The Treasury segment involves in managing company’s investment securities portfolio and wholesale funding activities. The All Others segment consists electronic banking, data processing, and management of bank owned properties. The company was founded on February 1, 1982 and is headquartered in Honolulu, HI.

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