Keefe, Bruyette & Woods Starts Central Pacific Financial (CPF) at Market Perform; Getting Back to Its Hawaii Roots

Keefe, Bruyette & Woods initiates coverage on Central Pacific Financial (NYSE: CPF) with a Market Perform. PT $12.00.

KBW analyst says, "Although the company suffered significant credit losses over the past few years due primarily to rapid growth in its mainland portfolio, it has since revised its strategy and is now focusing on its Hawaii franchise...We are establishing 2011, 2012, and 2013 EPS estimates of $0.97, $0.75, and $0.75, respectively."

For an analyst ratings summary and ratings history on Central Pacific Financial click here. For more ratings news on Central Pacific Financial click here.

Shares of Central Pacific Financial closed at $13.12 yesterday.

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