BBCN Bancorp Inc. (HOPE) Sees Large Volume Increase
Shares of BBCN Bancorp Inc. (NASDAQ:HOPE) saw strong trading volume on Tuesday . 876,538 shares traded hands during trading, an increase of 13% from the previous session’s volume of 778,729 shares.The stock last traded at $16.46 and had previously closed at $16.28.
Separately, Raymond James Financial Inc. restated an “outperform” rating and set a $17.00 target price on shares of BBCN Bancorp in a research report on Monday, July 25th.
The stock’s 50-day moving average is $15.63 and its 200 day moving average is $15.31. The firm has a market capitalization of $1.32 billion and a PE ratio of 13.97.
BBCN Bancorp (NASDAQ:HOPE) last released its earnings results on Monday, July 18th. The financial services provider reported $0.29 earnings per share 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. BBCN Bancorp’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. Analysts expect that BBCN Bancorp Inc. will post $1.28 earnings per share for the current year.
In other BBCN Bancorp news, Director Steven J. Didion bought 5,000 shares of the business’s stock in a transaction on Thursday, August 4th. The stock was purchased at an average cost of $15.40 per share, for a total transaction of $77,000.00. Following the completion of the purchase, the director now directly owns 1,309 shares of the company’s stock, valued at $20,158.60. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.
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