Hope Bancorp Inc (NASDAQ: HOPE) is 4.47% higher on its value in year-to-date trading and has touched a low of $8.15 and a high of $13.59 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HOPE stock was last observed hovering at around $13.16 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $12.62, the stock is 3.92% and 14.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing -4.10% at the moment leaves the stock 16.87% off its SMA200. HOPE registered 17.83% gain for a year compared to 6-month loss of 13.90%.
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The stock witnessed a 17.83% gain in the last 1 month and extending the period to 3 months gives it a 23.12%, and is -4.61% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.20% over the week and 3.85% over the month.
Hope Bancorp Inc (HOPE) has around 1244 employees, a market worth around $1.52B and $1.08B in sales. Current P/E ratio is 14.15 and Fwd P/E is 9.84. Profit margin for the company is 9.95%. Distance from 52-week low is 54.75% and -7.14% from its 52-week high. The company has generated returns on investments over the last 12 months (4.50%).
The EPS is expected to shrink by -27.57% this year
The shares outstanding are 120.13M, and float is at 114.25M with Short Float at 2.06%.
Hope Bancorp Inc (HOPE) Insider Activity
The most recent transaction is an insider sale by Koh Steven, the company’s Director. SEC filings show that Koh Steven sold 30,543 shares of the company’s common stock on Jun 12 ’24 at a price of $10.18 per share for a total of $0.31 million. Following the sale, the insider now owns 3.26 million shares.
Hope Bancorp Inc disclosed in a document filed with the SEC on Jun 11 ’24 that Koh Steven (Director) sold a total of 3,857 shares of the company’s common stock. The trade occurred on Jun 11 ’24 and was made at $9.94 per share for $38342.0. Following the transaction, the insider now directly holds 3.29 million shares of the HOPE stock.
Still, SEC filings show that on May 21 ’24, Harris Angelee (EVP, General Counsel) disposed off 4,200 shares at an average price of $10.68 for $44856.0. The insider now directly holds 18,527 shares of Hope Bancorp Inc (HOPE).
