BBCN Bancorp (NASDAQ:BBCN) was upgraded by stock analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a report issued on Monday, ARN reports.
Shares of BBCN Bancorp (NASDAQ: BBCN) traded up 1.15% during mid-day trading on Monday, hitting $15.79. BBCN Bancorp has a one year low of $10.62 and a one year high of $15.74. The stock’s 50-day moving average is currently $13.90. The company has a market cap of $1.247 billion and a P/E ratio of 16.78.
A number of other analysts have also recently weighed in on BBCN. Analysts at Keefe, Bruyette & Woods raised their price target on shares of BBCN Bancorp from $13.50 to $14.00 in a research note to investors on Wednesday, May 1st. Analysts at BMO Capital Markets reiterated a “market perform” rating on shares of BBCN Bancorp in a research note to investors on Wednesday, April 24th. They now have a $13.00 price target on the stock, down previously from $14.00.
Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $13.67.