BBCN Bancorp Inc. (BBCN) Shares Down 1.4%
BBCN Bancorp Inc. (NASDAQ:BBCN) shares were down 1.4% on Wednesday . The stock traded as low as $15.72 and last traded at $15.78, with a volume of 213,289 shares. The stock had previously closed at $16.00.
Separately, Zacks Investment Research raised shares of BBCN Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, April 21st.
The company has a market capitalization of $1.26 billion and a P/E ratio of 13.29. The firm has a 50-day moving average of $15.47 and a 200 day moving average of $15.26.
BBCN Bancorp (NASDAQ:BBCN) last posted its earnings results on Monday, July 18th. The financial services provider reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $81.76 million for the quarter, compared to the consensus estimate of $82.99 million. During the same period last year, the company earned $0.29 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities research analysts predict that BBCN Bancorp Inc. will post $1.27 earnings per share for the current 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 $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.83%. The ex-dividend date is Wednesday, July 6th.
A number of hedge funds have bought and sold shares of BBCN. Bank of Montreal Can increased its stake in BBCN Bancorp by 120.7% in the fourth quarter. Bank of Montreal Can now owns 267,970 shares of the financial services provider’s stock valued at $4,614,000 after buying an additional 146,551 shares in the last quarter. Nationwide Fund Advisors boosted 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 during the last quarter. Rhumbline Advisers boosted 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 during the last quarter. Comerica Bank boosted its stake in shares of 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. Finally, Dean Investment Associates LLC boosted its stake in shares of BBCN Bancorp by 3.0% in the fourth quarter. Dean Investment Associates LLC now owns 226,373 shares of the financial services provider’s stock worth $3,898,000 after buying an additional 6,695 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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