BBCN Bancorp Inc. (NASDAQ:BBCN)’s share price dropped 1.4% during trading on Wednesday . The stock traded as low as $15.72 and last traded at $15.78, with a volume of 213,289 shares trading hands. The stock had previously closed at $16.00.

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

The stock’s 50-day moving average is $15.49 and its 200-day moving average is $15.26. The company has a market capitalization of $1.25 billion and a P/E ratio of 13.25.

BBCN Bancorp (NASDAQ:BBCN) last posted its earnings results on Monday, July 18th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by $0.02. During the same period last year, the firm earned $0.29 earnings per share. The business had revenue of $81.76 million for the quarter, compared to analysts’ expectations of $82.99 million. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts forecast that BBCN Bancorp Inc. will post $1.26 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 22nd. Shareholders of record on Friday, July 8th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, July 6th.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Comerica Bank raised 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 worth $1,296,000 after buying an additional 637 shares during the last quarter. Engineers Gate Manager LP bought a new stake in shares of BBCN Bancorp during the fourth quarter worth $1,578,000. Russell Frank Co bought a new stake in shares of BBCN Bancorp during the fourth quarter worth $2,078,000. Nationwide Fund Advisors raised its stake in shares of BBCN Bancorp by 81.3% in the fourth quarter. Nationwide Fund Advisors now owns 140,683 shares of the financial services provider’s stock worth $2,423,000 after buying an additional 63,075 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of BBCN Bancorp by 4.1% in the fourth quarter. Rhumbline Advisers now owns 151,195 shares of the financial services provider’s stock worth $2,604,000 after buying an additional 5,950 shares in 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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