BBCN Bancorp Inc. (NASDAQ:BBCN)’s share price rose 1.6% during trading on Tuesday . The company traded as high as $16.26 and last traded at $16.14, with a volume of 305,593 shares traded. The stock had previously closed at $15.89.

Separately, Zacks Investment Research upgraded BBCN Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st.

The company’s 50 day moving average price is $15.49 and its 200-day moving average price is $15.25. The firm has a market cap of $1.28 billion and a P/E ratio of 13.50.

BBCN Bancorp (NASDAQ:BBCN) last released its earnings results on Monday, July 18th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business earned $81.76 million during the quarter, compared to the consensus estimate of $82.99 million. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. Analysts expect that BBCN Bancorp Inc. will post $1.27 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.77%. The ex-dividend date is Wednesday, July 6th.

Other institutional investors have added to or reduced their stakes in the company. Comerica Bank boosted its position in BBCN Bancorp by 0.8% in the fourth quarter. Comerica Bank now owns 82,701 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 637 shares during the last quarter. Engineers Gate Manager LP acquired a new position in BBCN Bancorp during the fourth quarter valued at about $1,578,000. Russell Frank Co acquired a new position in BBCN Bancorp during the fourth quarter valued at about $2,078,000. Nationwide Fund Advisors boosted its position in BBCN Bancorp by 81.3% in the fourth quarter. Nationwide Fund Advisors now owns 140,683 shares of the financial services provider’s stock valued at $2,423,000 after buying an additional 63,075 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in BBCN Bancorp by 4.1% in the fourth quarter. Rhumbline Advisers now owns 151,195 shares of the financial services provider’s stock valued at $2,604,000 after buying an additional 5,950 shares during the last quarter.

BBCN Bancorp, Inc is a bank holding company. The Company offers commercial banking loan and deposit products through its wholly owned subsidiary, BBCN Bank (Bank), a California state-chartered bank. The Company offer commercial banking and consumer deposit products through the Bank. The Company offers its banking services through a network of banking offices and loan production offices to its customers who typically are small- to medium-sized businesses.

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