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The closing price of Hope Bancorp Inc (NASDAQ: HOPE) was $12.93 for the day, up 3.61% from the previous closing price of $12.48. In other words, the price has increased by $3.61 from its previous closing price. On the day, 1.16 million shares were traded. HOPE stock price reached its highest trading level at $13.04 during the session, while it also had its lowest trading level at $12.3.
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 0.45 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 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 1559552000 and an Enterprise Value of 1340679936. As of this moment, Hope’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.94, and their Forward P/E ratio for the next fiscal year is 9.80. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 2.573.
Stock Price History:
Over the past 52 weeks, HOPE has reached a high of $12.54, while it has fallen to a 52-week low of $8.15. The 50-Day Moving Average of the stock is 22.42%, while the 200-Day Moving Average is calculated to be 22.35%.
Shares Statistics:
HOPE traded an average of 745.20K shares per day over the past three months and 892503 shares per day over the past ten days. A total of 120.13M shares are outstanding, with a floating share count of 114.37M. Insiders hold about 5.17% of the company’s shares, while institutions hold 86.62% stake in the company. Shares short for HOPE as of 1719532800 were 2496667 with a Short Ratio of 3.35, compared to 1717113600 on 2481012. Therefore, it implies a Short% of Shares Outstanding of 2496667 and a Short% of Float of 2.9899999999999998.
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 0.044871796The stock’s 5-year Average Dividend Yield is 4.82.
