Hope Bancorp Inc (NASDAQ: HOPE) is 11.34% 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 $13.35 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $13.45, the stock is 6.77% and 8.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing 0.75% at the moment leaves the stock 17.81% off its SMA200. HOPE registered 41.58% gain for a year compared to 6-month gain of 29.08%. The firm has a 50-day simple moving average (SMA 50) of $12.4424 and a 200-day simple moving average (SMA200) of $11.4171.
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The stock witnessed a 5.74% loss in the last 1 month and extending the period to 3 months gives it a 5.99%, and is 9.26% up 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 4.61% over the week and 2.89% over the month.
Hope Bancorp Inc (HOPE) has around 1244 employees, a market worth around $1.62B and $1.08B in sales. Current P/E ratio is 15.09 and Fwd P/E is 10.62. Profit margin for the company is 9.93%. Distance from 52-week low is 64.93% and -1.03% from its 52-week high. The company has generated returns on investments over the last 12 months (4.76%).
Hope Bancorp Inc quarterly earnings per share for the current quarter are estimated at 0.22 with sales reaching $121.13M over the same period.The EPS is expected to shrink by -28.48% this year, but quarterly earnings will post -15.10% year-over-year.
296.0 institutions hold shares in Hope Bancorp Inc (HOPE), with institutional investors hold 95.44% of the company’s shares. The shares outstanding are 120.13M, and float is at 114.50M with Short Float at 2.45%. Institutions hold 90.60% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 17.43 million shares valued at $187.17 million. The investor’s holdings represent 14.5005 of the HOPE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 13.78 million shares valued at $147.96 million to account for 11.4627 of the shares outstanding. The other top investors are FULLER & THALER ASSET MANAGEMENT, INC. which holds 7.52 million shares representing 6.2606 and valued at over $80.81 million, while DIMENSIONAL FUND ADVISORS LP holds 6.0897 of the shares totaling 7.32 million with a market value of $78.6 million.
Hope Bancorp Inc (HOPE) Insider Activity
The most recent transaction is an insider sale by Harris Angelee, the company’s EVP, General Counsel. SEC filings show that Harris Angelee sold 1,500 shares of the company’s common stock on Sep 04 ’24 at a price of $12.48 per share for a total of $18720.0. Following the sale, the insider now owns 23331.0 shares.
Hope Bancorp Inc disclosed in a document filed with the SEC on Aug 29 ’24 that Malone David P (Director) sold a total of 10,428 shares of the company’s common stock. The trade occurred on Aug 29 ’24 and was made at $12.71 per share for $0.13 million. Following the transaction, the insider now directly holds 0.11 million shares of the HOPE stock.
Still, SEC filings show that on Aug 29 ’24, Malone David P (Director) Proposed Sale 10,428 shares at an average price of $12.70 for $0.13 million. The insider now directly holds shares of Hope Bancorp Inc (HOPE).
