NEW YORK (

TheStreet

) -- Shares of

Central Pacific Financial Corporation

(NYSE:

CPF

) were gapping down Monday morning with an open price 32.7% lower than Friday's closing price. The stock closed at $35.03 Friday and opened today's trading at $23.57.

The average volume for Central Pacific Financial has been 30,300 shares per day over the past 30 days. Central Pacific Financial has a market cap of $49.9 million and is part of the

financial

sector and

banking

industry. Shares are up 14.5% year to date as of the close of trading on Friday.

Central Pacific Financial Corp. operates as the bank holding company for Central Pacific Bank that provides commercial banking services to businesses, professionals, and individuals in Hawaii.

TheStreet Ratings rates Central Pacific Financial as sell. Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity. You can view the full

Central Pacific Financial Ratings Report

.

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