Hope Bancorp Inc (HOPE) Announces Dividend of $0.13

Hope Bancorp Inc (NASDAQ:HOPE) announced a dividend on Friday, January 26th, Fidelity reports. Shareholders of record on Monday, February 5th will be given a dividend of 0.13 per share by the financial services provider on Monday, February 19th. This represents a yield of 0.00697050938337802%. The ex-dividend date is Friday, February 2nd.

Shares of Hope Bancorp (NASDAQ HOPE) opened at $18.65 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2,522.98, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 1.28 and a beta of 1.39. Hope Bancorp has a 12-month low of $17.14 and a 12-month high of $19.53.

In other news, Director Steven Koh sold 47,833 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $19.22, for a total value of $919,350.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jason K. Kim sold 5,740 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $18.32, for a total value of $105,156.80. Following the completion of the sale, the executive vice president now directly owns 52,709 shares in the company, valued at $965,628.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 75,981 shares of company stock worth $1,432,994. Insiders own 5.20% of the company’s stock.

Several analysts have weighed in on HOPE shares. ValuEngine raised Hope Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $22.00 price objective on shares of Hope Bancorp in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.50 price objective on shares of Hope Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Hope Bancorp in a research report on Thursday, November 2nd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Hope Bancorp has an average rating of “Hold” and an average price target of $19.92.

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About Hope Bancorp

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.

Dividend History for Hope Bancorp (NASDAQ:HOPE)

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