BBCN Bancorp Inc. (HOPE) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS
BBCN Bancorp Inc. (NASDAQ:HOPE) announced its quarterly earnings data 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%.
BBCN Bancorp (NASDAQ:HOPE) traded up 0.47% during trading on Tuesday, reaching $17.10. 334,133 shares of the company’s stock traded hands. The firm has a market cap of $1.36 billion, a PE ratio of 14.37 and a beta of 1.57. The firm has a 50 day moving average price of $17.16 and a 200-day moving average price of $15.98. BBCN Bancorp has a 12 month low of $13.59 and a 12 month high of $19.63.
In other news, Director Steven J. Didion purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was bought at an average price of $15.40 per share, with a total value of $77,000.00. Following the acquisition, the director now directly owns 1,309 shares of the company’s stock, valued at $20,158.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.83% of the stock is currently owned by insiders.
Separately, Raymond James Financial Inc. reiterated an “outperform” rating and set a $17.00 price objective on shares of BBCN Bancorp in a report on Monday, July 25th.
BBCN Bancorp Company Profile
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.
Receive News & Stock Ratings for BBCN Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBCN Bancorp Inc. and related stocks with our FREE daily email newsletter.