This morning I addedCPB Inc (CPF) to the Barchart Van Meerten New High portfolio. CPB is one of the fastest growing banks in Hawaii.
Central Pacific Financial Corp. is a Hawaii-based bank holding company. Central Pacific Bank, its subsidiary, is Hawaii's third largest commercial bank.
The recent price momentum of 16 new highs and an increase of 8.90% in the last month has earned the stock an 88% Barchart technical buy signal. With a rising Relative Strength Index of 89.90% the stock recently traded around 2.44 with a 50 day moving average of 1.51.
Wall Street brokerage analysts have 2 hold recommendations published but expect earnings per share to incraese by 99.80% next year and continue at 8.00% per annum.
The investor sentiment on Motley Fool is high with the CAPS members voting 59 to 32 that the stock will beat the market and the All Stars agree 28 to 11,
Disclosure: I am long CPF.