BBCN Bancorp Inc. (HOPE) Shares Up 2%
Shares of BBCN Bancorp Inc. (NASDAQ:HOPE) shot up 2% during trading on Wednesday . The company traded as high as $16.00 and last traded at $15.99, with a volume of 1,203,364 shares traded. The stock had previously closed at $15.67.
A number of brokerages have recently commented on HOPE. Raymond James Financial Inc. reissued an “outperform” rating and issued a $17.00 price objective on shares of BBCN Bancorp in a research report on Monday, July 25th. Zacks Investment Research raised shares of BBCN Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st.
The firm has a 50-day moving average price of $15.47 and a 200 day moving average price of $15.27. The stock has a market cap of $1.27 billion and a price-to-earnings ratio of 13.44.
BBCN Bancorp (NASDAQ:HOPE) last announced its earnings results on Monday, July 18th. The financial services provider reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The company earned $81.76 million during the quarter, compared to analysts’ expectations of $82.99 million. During the same quarter last year, the business posted $0.29 EPS. BBCN Bancorp’s revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that BBCN Bancorp Inc. will post $1.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, July 6th. This represents a $0.44 annualized dividend and a yield of 2.75%.
In other news, Director Steven J. Didion purchased 5,000 shares of the stock in a transaction on Thursday, August 4th. The stock was bought at an average price of $15.40 per share, with a total value of $77,000.00. Following the transaction, the director now owns 1,309 shares in the company, valued at approximately $20,158.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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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