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

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

The stock has a 50 day moving average of $15.49 and a 200-day moving average of $15.26. The company has a market cap of $1.25 billion and a PE ratio of 13.25.

BBCN Bancorp (NASDAQ:BBCN) last released its quarterly earnings data on Monday, July 18th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.02. The business earned $81.76 million during the quarter, compared to analysts’ expectations of $82.99 million. During the same period in the prior year, the company earned $0.29 EPS. BBCN Bancorp’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that BBCN Bancorp Inc. will post $1.26 earnings per share for the current year.

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 6th. This represents a $0.44 annualized dividend and a yield of 2.80%.

A number of hedge funds and institutional investors recently added to or reduced their stakes in the company. Russell Frank Co bought a new position in BBCN Bancorp during the fourth quarter valued at about $2,078,000. Nationwide Fund Advisors raised 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 in the last quarter. First Trust Advisors LP raised its position in BBCN Bancorp by 20.5% in the fourth quarter. First Trust Advisors LP now owns 163,247 shares of the financial services provider’s stock valued at $2,811,000 after buying an additional 27,803 shares in the last quarter. Rhumbline Advisers raised 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 in the last quarter. Finally, California Public Employees Retirement System raised its position in BBCN Bancorp by 6.4% in the fourth quarter. California Public Employees Retirement System now owns 335,800 shares of the financial services provider’s stock valued at $5,782,000 after buying an additional 20,100 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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