Hope Bancorp Inc (NASDAQ:HOPE) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $19.70.
A number of research firms have recently weighed in on HOPE. Zacks Investment Research lowered Hope Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. ValuEngine raised Hope Bancorp from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $22.00 price objective on shares of Hope Bancorp in a research note on Tuesday, January 9th.
In related news, EVP Jason K. Kim sold 10,406 shares of the firm’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $18.29, for a total value of $190,325.74. Following the completion of the sale, the executive vice president now owns 42,964 shares of the company’s stock, valued at $785,811.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jason K. Kim sold 10,518 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $18.83, for a total value of $198,053.94. Following the completion of the sale, the executive vice president now directly owns 42,964 shares of the company’s stock, valued at approximately $809,012.12. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
Hope Bancorp (HOPE) traded down $0.31 during trading hours on Friday, hitting $18.92. The stock had a trading volume of 136,261 shares, compared to its average volume of 500,948. The stock has a market capitalization of $2,615.61, a price-to-earnings ratio of 15.69, a PEG ratio of 1.23 and a beta of 1.37. Hope Bancorp has a 52-week low of $17.14 and a 52-week high of $19.86. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.06 and a current ratio of 1.06.
Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $142.84 million during the quarter, compared to analyst estimates of $139.26 million. Hope Bancorp had a return on equity of 8.71% and a net margin of 21.96%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. equities research analysts forecast that Hope Bancorp will post 1.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 19th. Investors of record on Monday, February 5th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Friday, February 2nd. Hope Bancorp’s payout ratio is 50.49%.
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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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