BBCN Bancorp (BBCN) in Focus: Stock Moves 5.3% Higher
BBCN Bancorp, Inc. BBCN was a big mover last session, as the company saw its shares rise above 5% on the day. The upside was driven by the company’s acknowledgement that it has received a merger proposal from Hanmi Financial Corporation and will evaluate it. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.79 to $18.25 in the past one-month time frame.
In the last 30 days, the company has seen one upward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for BBCN Bancorp. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
BBCN Bancorp currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another favorably-placed bank-west stock is Bank of Commerce Holdings BOCH, which has the same Zacks Rank as BBCN Bancorp.
Is BBCN going up? Or down? Predict to see what others think: Up or Down
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BBCN BANCORP (BBCN): Free Stock Analysis Report
BANK OF COMMRC (BOCH): Free Stock Analysis Report
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