BBCN Bancorp (BBCN) has risen sharply, recording gains of 5.06% in the past 4 weeks. However, the stock has corrected -3.21% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.64% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 0.83%. BBCN Bancorp, Inc. has dropped 0.84% during the last 3-month period . Year-to-Date the stock performance stands at -8.77%.
BBCN Bancorp (NASDAQ:BBCN): On Fridays trading session , Opening price of the stock was $15.58 with an intraday high of $15.66. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.34. However, the stock managed to close at $15.37, a loss of 1.35% for the day. On the previous day, the stock had closed at $15.58. The total traded volume of the day was 1,852,126 shares.
BBCN Bancorp, Inc. is a bank holding company. The Company offers commercial banking loan and deposit products through its wholly owned subsidiary, BBCN Bank (Bank), 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.