Piper Jaffray reissued their neutral rating on shares of BBCN Bancorp Inc (NASDAQ:BBCN) in a report released on Wednesday, Analyst Ratings Net reports. Piper Jaffray currently has a $16.00 price target on the financial services provider’s stock, down from their prior price target of $18.00.

Several hedge funds have bought and sold shares of BBCN. Simplex Trading acquired a new stake in BBCN Bancorp during the fourth quarter worth $0. Capstone Asset Management Company boosted its stake in BBCN Bancorp by 2.3% in the fourth quarter. Capstone Asset Management Company now owns 25,730 shares of the financial services provider’s stock worth $443,000 after buying an additional 590 shares during the last quarter. First Midwest Bank Trust Division boosted its stake in BBCN Bancorp by 6.6% in the fourth quarter. First Midwest Bank Trust Division now owns 26,066 shares of the financial services provider’s stock worth $449,000 after buying an additional 1,623 shares during the last quarter. California State Teachers Retirement System boosted its stake in BBCN Bancorp by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 147,410 shares of the financial services provider’s stock worth $2,538,000 after buying an additional 2,322 shares during the last quarter. Finally, Quantitative Systematic Strategies boosted its stake in BBCN Bancorp by 59.3% in the fourth quarter. Quantitative Systematic Strategies now owns 39,977 shares of the financial services provider’s stock worth $700,000 after buying an additional 14,879 shares during the last quarter.

Shares of BBCN Bancorp (NASDAQ:BBCN) traded up 0.72% during trading on Wednesday, hitting $15.31. The company had a trading volume of 479,553 shares. The stock has a market capitalization of $1.22 billion and a P/E ratio of 13.20. The firm’s 50 day moving average is $16.12 and its 200-day moving average is $16.07. BBCN Bancorp has a 52 week low of $13.03 and a 52 week high of $19.63.

BBCN Bancorp (NASDAQ:BBCN) last announced its earnings results on Monday, January 25th. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.01. The business earned $8.28 billion during the quarter, compared to analyst estimates of $81.33 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. Equities research analysts anticipate that BBCN Bancorp will post $1.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 19th. Stockholders of record on Friday, February 5th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, February 3rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.87%.

Several other analysts have also recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on BBCN Bancorp from $16.00 to $16.50 in a research report on Friday, October 23rd. Zacks Investment Research raised BBCN Bancorp from a hold rating to a buy rating and set a $18.00 target price on the stock in a research report on Thursday, October 22nd.

BBCN Bancorp, Inc. is a bank holding company. The Company offers commercial banking loan and deposit products through its wholly owned subsidiary, BBCN Bank (NASDAQ:BBCN), a California state-chartered bank. The Company offer commercial banking and consumer deposit products through the Bank. The Company offers its banking services through a network of banking offices and loan production offices to its customers who typically are small- to medium-sized businesses. The Company accepts deposits and originates loans, including commercial business loans, commercial real estate loans, trade finance, Small Business Administration (SBA) loans and consumer loans. Its principal business involves earning interest on loans and investment securities that are funded by customer deposits and other borrowings.

12 Month Chart for NASDAQ:BBCN

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