DALLAS, June 9, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Nara Bancorp Inc. (Nasdaq:NARA). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at:
Nara Bancorp Inc. (NARA) is a bank holding company headquartered in Los Angeles, Calif. The Company offers commercial banking loan and deposit products through its wholly owned subsidiary, Nara Bank, a California state-chartered bank. Nara Bank operates full-service branches in California, New York and New Jersey, and a loan production office in Texas. Nara Bank was founded specifically to serve the needs of Korean-Americans. Presently, Nara Bank serves a diverse group of customers mirroring its communities. Nara Bank specializes in core business banking products for small and medium-sized companies, with an emphasis in commercial real estate and business lending, SBA lending and international trade financing. Nara Bank is a member of the FDIC and is an Equal Opportunity Lender.
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In the report, the analyst notes:
"NARA gained 6.24% to close Wednesday at $7.49. In the past 52 weeks, shares of NARA have traded between a low of $5.94 and a high of $10.75. Over 1.75 million shares have traded hands during the session, versus the 10-day average volume of just 476.69K."
"NARA reported net income of $5.7 million, or $0.15 per diluted common share, for the first quarter 2011, compared to net loss of ($3.6) million, or ($0.10) per diluted common share, for the first quarter 2010."
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