Hope Bancorp Inc (NASDAQ: HOPE) is 8.70% higher on its value in year-to-date trading and has touched a low of $8.82 and a high of $14.53 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 $11.43 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $11.56, the stock is 9.75% and 12.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.46 million and changing 1.09% at the moment leaves the stock 0.35% off its SMA200. HOPE registered -5.98% loss for a year compared to 6-month loss of -5.44%.
The stock witnessed a 14.52% gain in the last 1 month and extending the period to 3 months gives it a 9.94%, and is 6.60% 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 2.87% over the week and 2.35% over the month.
Hope Bancorp Inc (HOPE) has around 1244 employees, a market worth around $1.48B and $979.20M in sales. Current P/E ratio is 14.76 and Fwd P/E is 8.84. Profit margin for the company is 9.69%. Distance from 52-week low is 30.93% and -20.50% from its 52-week high. The company has generated returns on investments over the last 12 months (4.13%).
The EPS is expected to shrink by -32.62% this year
The shares outstanding are 128.06M, and float is at 121.35M with Short Float at 2.53%.
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 14.4432 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 11.4174 of the shares outstanding. The other top investors are FULLER & THALER ASSET MANAGEMENT, INC. which holds 7.52 million shares representing 6.2358 and valued at over $80.81 million, while DIMENSIONAL FUND ADVISORS LP holds 6.0657 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 Stenger Thomas, the company’s SEVP, Chief Risk Officer. SEC filings show that Stenger Thomas sold 4,185 shares of the company’s common stock on Jan 30 ’25 at a price of $11.83 per share for a total of $49509.0. Following the sale, the insider now owns 19267.0 shares.
Still, SEC filings show that on Dec 10 ’24, Malone David P (Director) disposed off 28,763 shares at an average price of $13.50 for $0.39 million. The insider now directly holds 81,228 shares of Hope Bancorp Inc (HOPE).
