BBCN Reaches New 52-Week High (BBCN)

NEW YORK ( TheStreet) -- BBCN Bancorp (Nasdaq: BBCN) hit a new 52-week high Tuesday as it is currently trading at $10.98, above its previous 52-week high of $10.97 with 750,657 shares traded as of 4 p.m. ET. Average volume has been 516,800 shares over the past 30 days.

BBCN has a market cap of $493 million and is part of the financial sector and banking industry. Shares are up 9% year to date as of the close of trading on Monday.

BBCN Bancorp, Inc. operates as a bank holding company for BBCN Bank that provides business banking products to small- and medium-sized companies. The company specializes in commercial real estate and business lending, SBA lending, and international trade financing. The company has a P/E ratio of 15.6, below the average banking industry P/E ratio of 16 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates BBCN as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full BBCN Ratings Report.

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