BBCN Bancorp Inc. (HOPE) to Release Earnings on Tuesday
BBCN Bancorp Inc. (NASDAQ:HOPE) will be releasing its earnings data after the market closes on Tuesday, October 18th. Analysts expect BBCN Bancorp to post earnings of $0.32 per share for the quarter.
BBCN Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Monday, July 18th. The financial services provider reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by $0.02. BBCN Bancorp had a net margin of 25.48% and a return on equity of 10.27%. The firm had revenue of $81.76 million for the quarter, compared to analysts’ expectations of $82.99 million. During the same quarter in the previous year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect BBCN Bancorp to post $1.26 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
Shares of BBCN Bancorp Inc. (NASDAQ:HOPE) opened at 17.14 on Friday. BBCN Bancorp Inc. has a 52-week low of $13.59 and a 52-week high of $19.63. The stock has a market cap of $1.36 billion, a P/E ratio of 14.40 and a beta of 1.57. The firm’s 50-day moving average price is $17.15 and its 200-day moving average price is $15.94.
Separately, Raymond James Financial Inc. reaffirmed an “outperform” rating and issued a $17.00 target price on shares of BBCN Bancorp in a research report on Monday, July 25th.
In other BBCN Bancorp news, Director Steven J. Didion acquired 5,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was purchased at an average price of $15.40 per share, with a total value of $77,000.00. Following the transaction, the director now directly owns 1,309 shares in the company, valued at approximately $20,158.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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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