BBCN Bancorp Stock Rating Upgraded by Sandler O’Neill (BBCN)
BBCN Bancorp (NASDAQ:BBCN) was upgraded by stock analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson upgraded shares of BBCN Bancorp (NASDAQ:BBCN) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 11th. They now have a $16.50 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of BBCN Bancorp (NASDAQ:BBCN) from $15.00 to $16.00 in a research note to investors on Tuesday, August 13th. They now have a “market perform” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of BBCN Bancorp (NASDAQ:BBCN) from $14.00 to $15.00 in a research note to investors on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.25.
BBCN Bancorp (NASDAQ:BBCN) traded up 0.07% on Friday, hitting $13.90. The stock had a trading volume of 108,253 shares. BBCN Bancorp has a 52 week low of $10.62 and a 52 week high of $16.00. The stock has a 50-day moving average of $13.94 and a 200-day moving average of $13.63. The company has a market cap of $1.101 billion and a P/E ratio of 13.62.
BBCN Bancorp (NASDAQ:BBCN) last released its earnings data on Monday, July 22nd. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.02. Analysts expect that BBCN Bancorp will post $1.09 EPS for the current fiscal year.
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