Nara Bancorp, Inc. (NARA) Upgraded to Outperform at FBR Capital

Nara Bancorp, Inc. (NARA) has been upgraded today by the research analysts at FBR Capital from “market perform“outperform.”  FBR Capital also set a $10 price target on NARA.  Nara Bancorp, Inc. stock opened high this morning but has proceeded to dwindle throughout intraday trading and eventually closed the day out at $8.53.

Nara Bancorp, Inc. is slated to release their next earnings report on July 26, 2011 and is estimated to post EPS of 14 cents.  Their last earnings report was released on April 25, 2011 and announced an EPS of 15 cents.  NARA is currently trading below its 50 & 200-day moving averages and 2011 is a down year for the company.

Nara Bancorp, Inc. is a bank holding company headquartered in Los Angeles, California.  The company has market capitalization of $320,000,000 and 37,983,000 shares outstanding.  NARA has a 52-week high of $10.75 with the low being $5.94.

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