Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Hope Bancorp Inc (NASDAQ: HOPE) closed at $9.93 down -9.44% from its previous closing price of $10.96. In other words, the price has decreased by -$9.44 from its previous closing price. On the day, 1.89 million shares were traded. HOPE stock price reached its highest trading level at $10.865 during the session, while it also had its lowest trading level at $9.8.
Ratios:
For a deeper understanding of Hope Bancorp Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.92 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, DA Davidson on May 18, 2022, Downgraded its rating to Neutral and sets its target price to $16 from $20 previously.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 14 ’23 when Stenger Thomas sold 1,500 shares for $12.19 per share. The transaction valued at 18,285 led to the insider holds 30,700 shares of the business.
Stenger Thomas sold 3,000 shares of HOPE for $28,020 on Sep 08 ’23. The SEVP, Chief Risk Officer now owns 32,200 shares after completing the transaction at $9.34 per share. On Jun 06 ’23, another insider, Stenger Thomas, who serves as the SEVP, Chief Risk Officer of the company, sold 3,418 shares for $9.20 each. As a result, the insider received 31,432 and left with 35,200 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 1321880960 and an Enterprise Value of 1335987584. As of this moment, Hope’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.94, and their Forward P/E ratio for the next fiscal year is 7.56. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 0.56. Its current Enterprise Value per Revenue stands at 2.463.
Stock Price History:
The Beta on a monthly basis for HOPE is 1.12, which has changed by 0.2289604 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, HOPE has reached a high of $12.51, while it has fallen to a 52-week low of $7.42. The 50-Day Moving Average of the stock is -9.37%, while the 200-Day Moving Average is calculated to be -4.03%.
Shares Statistics:
For the past three months, HOPE has traded an average of 653.53K shares per day and 722480 over the past ten days. A total of 120.13M shares are outstanding, with a floating share count of 113.90M. Insiders hold about 5.18% of the company’s shares, while institutions hold 85.33% stake in the company. Shares short for HOPE as of 1713139200 were 1782924 with a Short Ratio of 2.73, compared to 1710460800 on 2206407. Therefore, it implies a Short% of Shares Outstanding of 1782924 and a Short% of Float of 2.1300000999999997.
Dividends & Splits
According to the company, the forward annual dividend rate for HOPE is 0.56, from 0.56 in the trailing year. Against a Trailing Annual Dividend Yield of 0.05109489The stock’s 5-year Average Dividend Yield is 4.76. The current Payout Ratio is 50.44% for HOPE, which recently paid a dividend on 2024-02-08 with an ex-dividend date of 1707350400. Stock splits for the company last occurred on 2004-06-16 when the company split stock in a 2:1 ratio.
Earnings Estimates
The performance of Hope Bancorp Inc (HOPE) in the stock market is under the watchful eye of 5.0 analysts actively contributing to its current rating.On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.22, while EPS last year was $0.33. The consensus estimate for the next quarter is $0.25, with high estimates of $0.28 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.12 and $0.95 for the fiscal current year, implying an average EPS of $1.06. EPS for the following year is $1.3, with 5.0 analysts recommending between $1.44 and $1.2.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $130.43M this quarter.It ranges from a high estimate of $132.38M to a low estimate of $128.3M. As of the current estimate, Hope Bancorp Inc’s year-ago sales were $144.86MFor the next quarter, 4 analysts are estimating revenue of $128.61M. There is a high estimate of $130.9M for the next quarter, whereas the lowest estimate is $125.9M.
A total of 4 analysts have provided revenue estimates for HOPE’s current fiscal year. The highest revenue estimate was $528.84M, while the lowest revenue estimate was $521.9M, resulting in an average revenue estimate of $524.62M. In the same quarter a year ago, actual revenue was $571.44MBased on 4 analysts’ estimates, the company’s revenue will be $570.32M in the next fiscal year. The high estimate is $583M and the low estimate is $554.9M.
