BBCN Bancorp Inc. (NASDAQ:HOPE) announced its quarterly earnings results on Tuesday. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.10. BBCN Bancorp had a net margin of 25.48% and a return on equity of 10.27%.
BBCN Bancorp (NASDAQ:HOPE) traded up 0.47% during midday trading on Tuesday, reaching $17.10. 334,133 shares of the company traded hands. The stock has a market capitalization of $1.36 billion, a P/E ratio of 14.37 and a beta of 1.57. BBCN Bancorp has a 12-month low of $13.59 and a 12-month high of $19.63. The company has a 50 day moving average of $17.16 and a 200-day moving average of $15.98.
Separately, Raymond James Financial Inc. reissued an “outperform” rating and issued a $17.00 price target on shares of BBCN Bancorp in a report on Monday, July 25th.
In related news, Director Steven J. Didion acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average price of $15.40 per share, with a total value of $77,000.00. Following the purchase, 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 can be accessed through this hyperlink. 3.83% of the stock is currently owned by corporate insiders.
About BBCN Bancorp
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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