Hope Bancorp Inc (NASDAQ:HOPE) has been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.67.

Several research firms have commented on HOPE. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Hope Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th.

NASDAQ:HOPE traded down $0.45 during trading hours on Tuesday, hitting $13.56. 995,226 shares of the stock were exchanged, compared to its average volume of 632,508. Hope Bancorp has a 52-week low of $11.37 and a 52-week high of $18.88. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.72 billion, a P/E ratio of 9.42, a price-to-earnings-growth ratio of 1.17 and a beta of 1.50.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Hope Bancorp had a return on equity of 9.48% and a net margin of 24.99%. The company had revenue of $131.03 million during the quarter, compared to analyst estimates of $132.40 million. During the same period in the previous year, the business earned $0.38 EPS. On average, research analysts forecast that Hope Bancorp will post 1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, April 25th. Hope Bancorp’s dividend payout ratio is currently 38.89%.

In other news, EVP Jason K. Kim sold 4,750 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $14.71, for a total transaction of $69,872.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter Koh sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $14.92, for a total value of $89,520.00. Following the transaction, the executive vice president now owns 54,687 shares in the company, valued at $815,930.04. The disclosure for this sale can be found here. Insiders own 5.06% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its holdings in shares of Hope Bancorp by 58.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,402 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 887 shares during the last quarter. Toronto Dominion Bank acquired a new position in shares of Hope Bancorp during the 4th quarter worth approximately $30,000. Blueshift Asset Management LLC acquired a new position in shares of Hope Bancorp during the 4th quarter worth approximately $132,000. Caxton Associates LP acquired a new position in shares of Hope Bancorp during the 4th quarter worth approximately $150,000. Finally, 6 Meridian acquired a new position in shares of Hope Bancorp during the 1st quarter worth approximately $197,000. Institutional investors and hedge funds own 89.65% of the company’s stock.

About Hope Bancorp

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.

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