BBCN Bancorp Inc. (HOPE) Sees Unusually-High Trading Volume
BBCN Bancorp Inc. (NASDAQ:HOPE) saw unusually-strong trading volume on Tuesday . Approximately 876,538 shares changed hands during mid-day 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 issued a $17.00 price target on shares of BBCN Bancorp in a research report on Monday, July 25th.
The company’s 50 day moving average is $15.70 and its 200 day moving average is $15.32. The stock has a market capitalization of $1.33 billion and a price-to-earnings ratio of 14.08.
BBCN Bancorp (NASDAQ:HOPE) last issued its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.29 EPS for the quarter, missing the consensus estimate of $0.31 by $0.02. During the same period last year, the company posted $0.29 EPS. The firm had revenue of $81.76 million for the quarter, compared to the consensus estimate of $82.99 million. BBCN Bancorp’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts forecast that BBCN Bancorp Inc. will post $1.28 earnings per share for the current year.
In other BBCN Bancorp news, Director Steven J. Didion purchased 5,000 shares of the stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of $15.40 per share, for a total transaction of $77,000.00. Following the transaction, the director now directly owns 1,309 shares in the company, valued at $20,158.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.