As of Wednesday close, Hope Bancorp Inc.’s (NASDAQ:HOPE) stock was down -$0.06, moving down -0.61 percent to $9.80. The average number of shares traded per day over the past five days has been 1,029,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 945,215, while in the previous 50 days, it was 952,948.
Since last month, HOPE stock rose 4.81%. Shares of the company fell to $8.80 on 07/17/23, the lowest level in the past month. A 52-week high of $15.73 was reached on 02/03/23 after having rallying from a 52-week low of $7.42. Since the beginning of this year, HOPE’s stock price has dropped by -23.50% or -$3.01, and marked a new high 5 times. However, the stock has declined by -37.70% since its 52-week high.
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HOPE stock investors should be aware that Hope Bancorp Inc. (HOPE) stock had its last reported insider trading activity 72 days ago on Jun 06. Stenger Thomas, the SEVP, Chief Risk Officer of the company, disposed of 3,418 shares for $9.20 on Jun 06. It resulted in a $31,432 divestment by the insider. Zuehls Dale S. added 98 shares at an average price of $8.18 on May 03. The insider now owns 35,101 shares following the transaction. On May 02, Director Zuehls Dale S. bought 12,402 shares at $8.09 apiece. The transaction was valued at $100,332.
Valuation Metrics
Right now, Hope Bancorp Inc. (HOPE) has a P/E ratio of about 6.45. The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.28, the price-to-book (PB) ratio of 0.57, and the price-to-cash flow ratio of 2.88 may also be considered.
The latest dividend of $0.14 per share was paid out, remained unchanged from last year’s $0.14. On Wednesday July 18 2018, a $0.01 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.05, and the total debt-to-equity ratio was 0.05. In the year ended June 29, operating margins totaled 58.80%. Based on annual data, HOPE earned $578.42 million in gross profit and brought in $716.12 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.00%. Return on equity (ROE) for the past 12 months was 9.00%.
In Hope Bancorp Inc.’s quarter-end financial report for June 29, it reported total debt of $107.19 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Hope Bancorp Inc. to report $0.3 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by 6.70%. The value of shareholders’ equity is $120.02 million.
Technical Picture
This quick technical analysis looks at Hope Bancorp Inc.’s (HOPE) price momentum. With a historical volatility rate of 18.32%, the RSI 9-day stood at 34.70% on 16 August.
With respect to its five-day moving average, the current Hope Bancorp Inc. price is down by -5.86% percent or -$0.61. At present, HOPE shares trade +0.72% above its 20-day simple moving average. However, the stock is currently trading approximately +15.43% above its SMA50 and -25.25% below its SMA200.
Stochastic coefficient K was 6.33% and Stochastic coefficient D was 21.48%, while ATR was 0.31. Given the Stochastic reading of 1.24% for the 14-day period, the RSI (14) reading has been calculated as 45.61%. As of today, the MACD Oscillator reading stands at -0.40, while the 14-day reading stands at -0.54.
Analyst Ratings
Hope Bancorp Inc. downgraded its rating on Hope Bancorp Inc. (NASDAQ: HOPE) to a Neutral in a note to investors on May 18, 2022. The analysts firm previously had a Buy rating on the stock.Hope Bancorp Inc. (HOPE) has been rated Hold by analysts. According to 0 brokerage firms, HOPE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Hope Bancorp Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $10.00 – $11.00. Based on these forecasts, analysts predict Hope Bancorp Inc. (HOPE) will achieve an average price target of $10.60.
