BBCN Bancorp Rating Increased to Outperform at Raymond James (BBCN)
BBCN Bancorp (NASDAQ:BBCN) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $16.50 price target on the stock. Raymond James’ price objective points to a potential upside of 8.06% from the company’s current price.
A number of other firms have also recently commented on BBCN. Analysts at BMO Capital Markets upgraded shares of BBCN Bancorp from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $17.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Sandler O’Neill upgraded shares of BBCN Bancorp from a “hold” rating to a “buy” rating in a research note to investors on Friday, September 27th. Finally, analysts at DA Davidson upgraded shares of BBCN Bancorp 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $16.50.
BBCN Bancorp (NASDAQ:BBCN) traded up 4.23% during mid-day trading on Wednesday, hitting $15.27. 1,271,825 shares of the company’s stock traded hands. BBCN Bancorp has a 52-week low of $10.62 and a 52-week high of $16.00. The stock’s 50-day moving average is $14.0 and its 200-day moving average is $13.56. The company has a market cap of $1.209 billion and a P/E ratio of 14.36.
BBCN Bancorp (NASDAQ:BBCN) last announced its earnings results on Tuesday, October 22nd. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.02. On average, analysts predict that BBCN Bancorp will post $1.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.08 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, October 30th.
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