BBCN Bancorp Inc. (HOPE) Announces Earnings Results
BBCN Bancorp Inc. (NASDAQ:HOPE) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.10. BBCN Bancorp had a return on equity of 10.27% and a net margin of 25.48%.
Shares of BBCN Bancorp (NASDAQ:HOPE) traded up 0.47% during mid-day trading on Tuesday, reaching $17.10. The company had a trading volume of 334,133 shares. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 14.37 and a beta of 1.57. The stock has a 50 day moving average of $17.16 and a 200-day moving average of $15.97. BBCN Bancorp has a one year low of $13.59 and a one year high of $19.63.
Separately, Raymond James Financial Inc. restated an “outperform” rating and issued a $17.00 price target on shares of BBCN Bancorp in a research report on Monday, July 25th.
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In other news, Director Steven J. Didion acquired 5,000 shares of the stock in a transaction on Thursday, August 4th. The stock was acquired at an average cost of $15.40 per share, for a total transaction of $77,000.00. Following the completion of the transaction, 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 SEC, which is accessible through this link. Company insiders own 3.83% of the company’s stock.
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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