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The closing price of Hope Bancorp Inc (NASDAQ: HOPE) was $12.27 for the day, down -2.00% from the previous closing price of $12.52. In other words, the price has decreased by -$2.00 from its previous closing price. On the day, 0.53 million shares were traded. HOPE stock price reached its highest trading level at $12.505 during the session, while it also had its lowest trading level at $12.25.
Ratios:
Our analysis of HOPE’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.15 whereas as Long-Term Debt/Eq ratio is at 0.07.
On May 18, 2022, DA Davidson Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $20 to $16.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 04 ’24 when Harris Angelee sold 1,500 shares for $12.48 per share. The transaction valued at 18,720 led to the insider holds 23,331 shares of the business.
Malone David P sold 10,428 shares of HOPE for $132,569 on Aug 29 ’24. The Director now owns 109,991 shares after completing the transaction at $12.71 per share. On Aug 29 ’24, another insider, Malone David P, who serves as the Director of the company, bought 10,428 shares for $12.70 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HOPE now has a Market Capitalization of 1481381632 and an Enterprise Value of 1166167040. As of this moment, Hope’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.76, and their Forward P/E ratio for the next fiscal year is 9.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.72. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 2.344.
Stock Price History:
Over the past 52 weeks, HOPE has reached a high of $13.59, while it has fallen to a 52-week low of $8.15. The 50-Day Moving Average of the stock is -1.72%, while the 200-Day Moving Average is calculated to be 8.09%.
Shares Statistics:
HOPE traded an average of 765.01K shares per day over the past three months and 733720 shares per day over the past ten days. A total of 120.13M shares are outstanding, with a floating share count of 114.50M. Insiders hold about 5.16% of the company’s shares, while institutions hold 89.45% stake in the company. Shares short for HOPE as of 1724976000 were 2924250 with a Short Ratio of 3.71, compared to 1722384000 on 2357934. Therefore, it implies a Short% of Shares Outstanding of 2924250 and a Short% of Float of 3.5000000000000004.
Dividends & Splits
With its trailing 12-month dividend rate of 0.56, HOPE has a forward annual dividend rate of 0.56. Against a Trailing Annual Dividend Yield of 0.04472843The stock’s 5-year Average Dividend Yield is 4.83.
