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Fastest Growing bank in Hawaii -- Central Pacific

Jan. 11, 2011 2:10 PM ETCPF
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Jim Van Meerten's Blog
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This morning I added 

CPB 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,

Jim Van Meerten is a professional investor with over 40 year experience in investing in stocks, mutual funds and ETFs.  He shares his knowledge on Barchart in his daily blogs -- Barchart Portfolio Blogs.
Through Marketocracy Capital Management you can have a Separately Managed Account that mirrors his Barchart Van Meerten New High portfolio. 

Disclosure: I am long CPF.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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