BBCN Bancorp (BBCN) Declares $0.11 Quarterly Dividend; 3.1% Yield

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Go back to BBCN Bancorp (BBCN) Declares $0.11 Quarterly Dividend; 3.1% Yield

Piper Jaffray Remains Neutral Following BBCN Bancorp's (BBCN) In-Line Results

January 27, 2016 8:36 AM EST

Piper Jaffray maintained a Neutral rating on BBCN Bancorp (NASDAQ: BBCN), and cut the price target to $16.00 (from $18.00), following the company's in-line 4Q earnings report. Piper Jaffray's pending acquisition of WIBC should help in driving improved profitability.

Analyst Matthew Clark commented, "We... More