Central Pacific Financial traded at $38.90 this Wednesday July 1st, increasing $0.70 or 1.83 percent since the previous trading session. Looking back, over the last four weeks, Central Pacific Financial gained 12.46 percent. Over the last 12 months, its price rose by 33.72 percent. Looking ahead, we forecast Central Pacific Financial to be priced at 36.97 by the end of this quarter and at 34.72 in one year, according to Trading Economics global macro models projections and analysts expectations.
Central Pacific Financial Corp. is the bank holding company of Central Pacific Bank (the Bank). The Bank is a commercial bank, which offers a range of banking products and services, including accepting time and demand deposits and originating loans. Its loans include commercial loans, construction loans, commercial and residential mortgage loans and consumer loans. It offers a range of banking services and products to businesses, professionals and individuals. Its investment securities portfolio includes mortgage-backed securities (MBS), other debt securities and equity securities. Its MBS portfolio is comprised primarily of residential MBS issued by United States government entities and agencies. It also offers wealth management products and services, such as non-deposit investment products, annuities, insurance, investment management, asset custody and general consultation and planning services.