Hope Bancorp Inc (NASDAQ: HOPE) is -3.25% lower on its value in year-to-date trading and has touched a low of $9.80 and a high of $14.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The HOPE stock was last observed hovering at around $11.96 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $11.89, the stock is -5.07% and -8.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing -0.59% at the moment leaves the stock -0.20% off its SMA200. HOPE registered -0.25% loss for a year compared to 6-month gain of 8.88%. The firm has a 50-day simple moving average (SMA 50) of $13.0188 and a 200-day simple moving average (SMA200) of $11.9134.
The stock witnessed a -11.60% loss in the last 1 month and extending the period to 3 months gives it a -2.38%, and is -3.25% 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 2.88% over the week and 2.77% over the month.
Hope Bancorp Inc (HOPE) has around 1244 employees, a market worth around $1.44B and $1.04B in sales. Current P/E ratio is 14.13 and Fwd P/E is 10.25. Profit margin for the company is 9.75%. Distance from 52-week low is 21.33% and -18.20% from its 52-week high. The company has generated returns on investments over the last 12 months (4.38%).
The EPS is expected to shrink by -30.63% this year
299.0 institutions hold shares in Hope Bancorp Inc (HOPE), with institutional investors hold 95.66% of the company’s shares. The shares outstanding are 120.74M, and float is at 114.64M with Short Float at 1.84%. Institutions hold 90.85% 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 Malone David P, the company’s Director. SEC filings show that Malone David P sold 28,763 shares of the company’s common stock on Dec 10 ’24 at a price of $13.50 per share for a total of $0.39 million. Following the sale, the insider now owns 81228.0 shares.
Still, SEC filings show that on Dec 05 ’24, Stenger Thomas (SEVP, Chief Risk Officer) disposed off 1,250 shares at an average price of $13.58 for $16975.0. The insider now directly holds 23,452 shares of Hope Bancorp Inc (HOPE).
