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After finishing at $13.16 in the prior trading day, Hope Bancorp Inc (NASDAQ: HOPE) closed at $12.62, down -4.10%. In other words, the price has decreased by -$4.10 from its previous closing price. On the day, 1.12 million shares were traded. HOPE stock price reached its highest trading level at $13.19 during the session, while it also had its lowest trading level at $12.47.
Ratios:
Our goal is to gain a better understanding of HOPE by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.13.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 12 ’24 when Koh Steven sold 30,543 shares for $10.18 per share. The transaction valued at 311,068 led to the insider holds 3,263,643 shares of the business.
Koh Steven sold 3,857 shares of HOPE for $38,342 on Jun 11 ’24. The Director now owns 3,294,186 shares after completing the transaction at $9.94 per share. On May 21 ’24, another insider, Harris Angelee, who serves as the EVP, General Counsel of the company, sold 4,200 shares for $10.68 each. As a result, the insider received 44,856 and left with 18,527 shares of the company.
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 1523625216 and an Enterprise Value of 1148503552. As of this moment, Hope’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.15, and their Forward P/E ratio for the next fiscal year is 9.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.41 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 2.305.
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 14.31%, while the 200-Day Moving Average is calculated to be 16.87%.
Shares Statistics:
The stock has traded on average 806.93K shares per day over the past 3-months and 1223500 shares per day over the last 10 days, according to various share statistics. A total of 120.13M shares are outstanding, with a floating share count of 114.25M. Insiders hold about 5.27% of the company’s shares, while institutions hold 87.89% stake in the company. Shares short for HOPE as of 1721001600 were 2352823 with a Short Ratio of 2.92, compared to 1718323200 on 2866062. Therefore, it implies a Short% of Shares Outstanding of 2352823 and a Short% of Float of 2.8199999.
Dividends & Splits
In the trailing 12 months, HOPE’s forward annual dividend rate was 0.56, compared to 0.56 this year. Against a Trailing Annual Dividend Yield of 0.042553194The stock’s 5-year Average Dividend Yield is 4.83.
