Central Pacific Financial's 15-min chart shows Bollinger Bands expanding upward, bullish Marubozu pattern.

Central Pacific Financial's 15-minute chart has recently exhibited an upward expansion of Bollinger Bands, accompanied by a bullish Marubozu candlestick formation on August 18, 2023, at 14:00. This development signifies that the market is being primarily driven by buying pressure, with buyers exerting considerable control over market dynamics. Consequently, there is a high likelihood of sustained bullish momentum persisting in the near future.

Central Pacific Financial Corp. has recently exhibited a notable upward expansion of Bollinger Bands, accompanied by a bullish Marubozu candlestick formation on August 18, 2023, at 14:00. This development signifies that the market is being primarily driven by buying pressure, with buyers exerting considerable control over market dynamics. Consequently, there is a high likelihood of sustained bullish momentum persisting in the near future [NUMBER:3].

The company's recent financial performance underscores its robust financial health. With total assets of US$7.4 billion and equity at US$568.9 million, Central Pacific Financial showcases a solid financial position in the banking sector. Its total deposits stand at US$6.5 billion against loans of US$5.2 billion, reflecting a strong deposit base primarily from low-risk sources. The company maintains an allowance for bad loans at 0.3% of total loans, indicating prudent risk management practices [NUMBER:2].

Central Pacific Financial's growth potential is bolstered by strategic leadership and Hawaii's construction industry expansion. The company's recent buyback activity, involving the repurchase of 180,393 shares for US$4.74 million, suggests confidence in its valuation, which trades 38% below estimated fair value—an enticing prospect for potential investors seeking undervalued opportunities within the industry [NUMBER:2].

Despite near-term cautiousness, Central Pacific Financial's long-term trajectory remains promising. The company's strategic investments in artificial intelligence and its focus on operational efficiency are likely to drive continued growth and resilience even in a slower-growth environment.

Investors should closely monitor Central Pacific Financial's performance and consider its potential as a durable holding with defensive qualities and growth potential.

References:
[1] https://www.ainvest.com/news/mgp-ingredients-15min-chart-triggers-bollinger-bands-expansion-bullish-marubozu-pattern-2508/
[2] https://finance.yahoo.com/news/uncovering-3-us-undiscovered-gems-173304515.html