UP!

BBCN $15.37   View long term graphs

BBCN Bancorp Inc
Type
Public limited company
Traded as NASDAQ: BBCN
Industry Financial
Predecessor Nara Bancorp Inc
Founded June 5, 2000
Headquarters Los Angeles, CA
Area served
U.S.
Key people
Kevin Kim
(Chairman & CEO)
Operating income
Increase US$ 0 267.9 million(2012)
Net income
Increase US$ 0 83.2 million(2012)
Total assets Increase US$ 05.9 billion (2012)
Number of employees
831 (2013)
Website www.bbcnbank.com

BBCN (Business Bank of Center and Nara) Bancorp, Inc. is a holding company for BBCN Bank. The bank is the largest Korean-American bank in the U.S. The company focuses the business in South Korean expatriate communities, and it offers its customers commercial banking loan and deposit products through 50 full-service branches and six loan production offices. The Company’s profit mainly comes from earning interest on loans and investment securities.

On June 5, 2000, BBCN Bancorp, Inc. was incorporated, with the initial name as Nara Bancorp, Inc. in February 2002, it became the holding company for Nara Bank effective, which is a member of national banking association opened for business in June 1989.

On November 30, 2011, they completed a merger of equals transaction in which they merged with Center Financial Corporation ("Center Financial" or "Center"). The merger added 21 full-service branch offices and brought about the new names, which are currently used, ” Nara Bancorp, Inc.” was changed to "BBCN Bancorp, Inc." ‘’Center Bank’’ was changed to "BBCN Bank."

On February 15, 2013, the Company completed the acquisition of Pacific International Bancorp ("PIB"). Pacific International Bancorp was the holding company for Pacific International Bank, which was a Washington state-chartered bank having four bank locations in the Seattle metropolitan area.

In August 2013, BBCN Bancorp, Inc. acquired Foster Bankshares, Inc. With the acquisition, BBCN became the leading Korean-American Bank in Chicago.

In December 2015, BBCN Bancorp and Wilshire Bancorp announced a merger of their institutions.

In July 2016, Bank of Hope was formed through a merger of equals of BBCN Bank and Wilshire Bank.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2016 2017-01-26 Future report Set alerts
Q3 2016 2016-10-17 Future report Set alerts
Q2 2016 2016-07-18 0.30 0.29
Q1 2016 2016-04-18 0.31 0.30
Q4 2015 2016-01-25 0.30 0.29
Q3 2015 2015-10-19 0.32 0.32
Q2 2015 2015-07-20 0.29 0.29
Q1 2015 2015-04-20 0.27 0.27
Q4 2014 2015-01-26 0.29 0.29
Q3 2014 2014-10-20 0.27 0.27

Ratings

2016-01-27 Reiterated Rating Piper Jaffray Neutral $18.00 to $16.00
2016-01-27 Reiterated Rating Piper Jaffray Cos. Neutral $18.00 to $16.00
2015-12-21 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $16.50 to $20.00
2015-12-08 Upgrade Piper Jaffray Underweight to Neutral $15.00 to $18.00
2015-10-23 Boost Price Target Keefe, Bruyette & Woods $16.00 to $16.50
2015-07-28 Reiterated Rating Keefe, Bruyette & Woods Hold
2015-07-27 Boost Price Target Keefe, Bruyette & Woods Market Perform $15.00 to $16.00
2015-06-25 Reiterated Rating Piper Jaffray Underweight $13.00
2015-06-12 Initiated Coverage Piper Jaffray Underweight $13.00
2015-02-09 Downgrade FIG Partners Outperform to Market Perform
2015-01-28 Downgrade Keefe, Bruyette & Woods Outperform to Market Perform $15.50 to $14.50
2014-11-19 Initiated Coverage Sterne Agee CRT Neutral $15.00
2014-10-29 Reiterated Rating Keefe, Bruyette & Woods Outperform $17.50 to $15.50
2014-10-22 Reiterated Rating DA Davidson Buy $20.50 to $18.00
2014-10-22 Downgrade Macquarie Outperform to Neutral $18.00 to $15.50
2014-10-02 Initiated Coverage Macquarie Outperform $18.00
2014-07-23 Lower Price Target BMO Capital Markets Market Perform $18.00 to $17.00
2014-03-24 Downgrade BMO Capital Markets Outperform to Market Perform $18.00
2014-02-14 Upgrade FIG Partners Market Perform to Outperform $16.00 to $18.00
2014-02-04 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform
2013-10-23 Upgrade Raymond James Market Perform to Outperform $16.50
2013-10-23 Upgrade BMO Capital Markets Market Perform to Outperform $16.00 to $17.00
2013-09-27 Upgrade Sandler O'Neill Hold to Buy
2013-09-11 Upgrade DA Davidson Neutral to Buy
2016-01-27 Reiterated Rating Piper Jaffray Neutral $18.00 to $16.00
2016-01-27 Reiterated Rating Piper Jaffray Cos. Neutral $18.00 to $16.00
2015-12-21 Upgrade Keefe, Bruyette & Woods Market Perform to Outperform $16.50 to $20.00
2015-12-08 Upgrade Piper Jaffray Underweight to Neutral $15.00 to $18.00
2015-10-23 Boost Price Target Keefe, Bruyette & Woods $16.00 to $16.50

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In BBCN 5 funds of 2183 total. Show all

Fund name Ticker shares
MANAGED ACCOUNT ADVISORS LLC 0.91M
RUSSELL FRANK CO/ 0.13M
RHJ International SA 62933
Dynamic Technology Lab Pte Ltd 14801
VTL Associates, LLC 10689

Major Shareholders

Name Relationship Total Shares Holding stocks
LEE CHONG MOON 2.95%  (2348622) BBCN /
Kim Kevin Sung 0.61%  (485683) BBCN /
Byun Donald 0.60%  (473228) BBCN / WIBC /
HA DAISY Y 0.56%  (441669) BBCN / WIBC /
PARK JOHN HYON 0.44%  (347644) BBCN /
KIM SANG HOON 0.25%  (199265) BBCN /
PARK KI SUH 0.14%  (111855) BBCN /
KIM MIN J President & CEO 0.09%  (73307) BBCN /
Jeon Lawrence Seokho 0.08%  (61828) BBCN / WIBC /
Koh Peter EVP & CHIEF CREDIT OFFICER 0.08%  (60756) BBCN / WIBC /
PAIK JESUN 0.08%  (60333) BBCN /
DIDION STEVEN J 0.07%  (54238) BBCN / WIBC /
Koh Steven 0.07%  (54014) BBCN / WIBC /
LEE BONITA Chief Operating Officer & EVP 0.05%  (36552) BBCN / HAFC /
KIM JASON K EVP & Chief Lending Officer 0.04%  (32446) BBCN /
TAYLOR JOHN 0.04%  (28136) BBCN / KW / PFSI / WIBC /
KANG ALVIN D EVP and CFO 0.03%  (23676) BBCN / BYFC /
Whang Scott Yoon-suk 0.03%  (21269) BBCN /
KIM KYU S. EVP & Eastern Regional Manager 0.03%  (20900) BBCN /
Lee Mark Hakjoon EVP & Chief Credit Officer 0.02%  (16799) BBCN / CATY /
Malone David P SEVP, Chief Operating Officer 0.01%  (11845) BBCN /
Ko Alex EVP & DEPUTY CFO / CHIEF FINAN 0.01%  (10088) BBCN / WIBC /
Kim David W. EVP, Chief Retail Banking Ofc 0.01%  (8644) BBCN /
Pai Lisa K EVP & Chief Legal & HR Officer 0.01%  (8352) BBCN / WIBC /
Song David Lee EVP, Chief Lending Ofc (West) 0.01%  (8233) BBCN /
You Johann Minkyun EVP, Chief Risk Officer 0.01%  (7861) BBCN /
Mah Janette EVP, Chief Mortgage Banking 0.01%  (7693) BBCN /
Schwakopf Terry 0.01%  (5533) BANR / BBCN / BBNK /
Broidy Steven David 0.01%  (5000) BBCN /
Guldeman Philip EVP & Chief Financial Officer 0.01%  (4206) BBCN /

Comments