Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Hope Bancorp Inc (NASDAQ: HOPE) closed at $11.68 down -0.26% from its previous closing price of $11.71. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 0.99 million shares were traded. HOPE stock price reached its highest trading level at $11.88 during the session, while it also had its lowest trading level at $11.545.
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 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
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:
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 10 ’24 when Malone David P sold 28,763 shares for $13.50 per share. The transaction valued at 388,306 led to the insider holds 81,228 shares of the business.
Malone David P bought 28,796 shares of HOPE for $391,050 on Dec 06 ’24. On Dec 05 ’24, another insider, Stenger Thomas, who serves as the SEVP, Chief Risk Officer of the company, sold 1,250 shares for $13.58 each. As a result, the insider received 16,975 and left with 23,452 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 1410430080 and an Enterprise Value of 1030972352. As of this moment, Hope’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.20, and their Forward P/E ratio for the next fiscal year is 9.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.39 while its Price-to-Book (P/B) ratio in mrq is 0.66. Its current Enterprise Value per Revenue stands at 2.131.
Stock Price History:
The Beta on a monthly basis for HOPE is 1.14, which has changed by 0.068618536 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, HOPE has reached a high of $14.53, while it has fallen to a 52-week low of $9.80. The 50-Day Moving Average of the stock is -8.24%, while the 200-Day Moving Average is calculated to be -2.46%.
Shares Statistics:
For the past three months, HOPE has traded an average of 710.90K shares per day and 895510 over the past ten days. A total of 120.76M shares are outstanding, with a floating share count of 114.64M. Insiders hold about 5.05% of the company’s shares, while institutions hold 90.08% stake in the company. Shares short for HOPE as of 1735603200 were 2289986 with a Short Ratio of 3.82, compared to 1732838400 on 2110694. Therefore, it implies a Short% of Shares Outstanding of 2289986 and a Short% of Float of 2.74.
Dividends & Splits
The stock’s 5-year Average Dividend Yield is 4.87. The current Payout Ratio is 68.08% for HOPE, which recently paid a dividend on 2024-11-07 with an ex-dividend date of 1730937600. Stock splits for the company last occurred on 2004-06-16 when the company split stock in a 2:1 ratio.
