Shares of Hope Bancorp Inc (NASDAQ:HOPE) have earned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $19.92.
Several equities research analysts have recently commented on HOPE shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.50 target price on shares of Hope Bancorp in a report on Tuesday, October 3rd. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine raised Hope Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Raymond James Financial reissued a “market perform” rating on shares of Hope Bancorp in a research note on Thursday, November 2nd. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $22.00 price objective on shares of Hope Bancorp in a research note on Tuesday, January 9th.
In related news, EVP David Lee Song sold 3,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $19.25, for a total value of $57,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jason K. Kim sold 6,000 shares of the stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $18.97, for a total value of $113,820.00. Following the completion of the sale, the executive vice president now directly owns 70,729 shares of the company’s stock, valued at $1,341,729.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,981 shares of company stock valued at $2,303,614. Company insiders own 5.20% of the company’s stock.
Shares of Hope Bancorp (HOPE) traded up $0.32 during midday trading on Friday, hitting $18.98. The stock had a trading volume of 420,482 shares, compared to its average volume of 427,774. Hope Bancorp has a twelve month low of $15.10 and a twelve month high of $22.99. The stock has a market capitalization of $2,620.00, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.27 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03.
Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.33 EPS for the quarter, beating the consensus estimate of $0.31 by $0.02. Hope Bancorp had a return on equity of 8.74% and a net margin of 26.16%. The business had revenue of $139.51 million during the quarter, compared to the consensus estimate of $137.93 million. During the same period in the prior year, the business posted $0.22 earnings per share. research analysts anticipate that Hope Bancorp will post 1.21 earnings per share for the current fiscal year.
Hope Bancorp Company Profile
Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.
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