Hope Bancorp Inc (NASDAQ:HOPE) EVP David Lee Song sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $17.75, for a total transaction of $88,750.00. Following the completion of the sale, the executive vice president now directly owns 4,023 shares in the company, valued at approximately $71,408.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Hope Bancorp stock traded down $0.16 during trading on Friday, hitting $17.61. The company’s stock had a trading volume of 448,205 shares, compared to its average volume of 619,988. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. Hope Bancorp Inc has a 52 week low of $16.74 and a 52 week high of $19.86. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 1.22 and a beta of 1.39.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $138.09 million during the quarter, compared to the consensus estimate of $139.60 million. Hope Bancorp had a return on equity of 9.68% and a net margin of 23.76%. During the same period in the prior year, the firm earned $0.30 EPS. equities analysts anticipate that Hope Bancorp Inc will post 1.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 10th. Shareholders of record on Friday, July 27th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 26th. This represents a $0.56 dividend on an annualized basis and a yield of 3.18%. This is a boost from Hope Bancorp’s previous quarterly dividend of $0.13. Hope Bancorp’s dividend payout ratio is 45.90%.

Several analysts recently weighed in on HOPE shares. ValuEngine raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, August 18th. Zacks Investment Research raised shares of Hope Bancorp from a “strong sell” rating to a “hold” rating in a research note on Wednesday, June 20th. DA Davidson cut shares of Hope Bancorp from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a research note on Wednesday, May 30th. Finally, Wedbush reissued a “neutral” rating and issued a $18.00 price objective (down previously from $19.00) on shares of Hope Bancorp in a research note on Monday, July 16th. Eight investment analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $19.42.

A number of institutional investors and hedge funds have recently modified their holdings of HOPE. Rhumbline Advisers boosted its position in Hope Bancorp by 0.9% during the first quarter. Rhumbline Advisers now owns 340,372 shares of the financial services provider’s stock valued at $6,191,000 after acquiring an additional 3,124 shares during the last quarter. SG Americas Securities LLC boosted its position in Hope Bancorp by 45.8% during the first quarter. SG Americas Securities LLC now owns 31,910 shares of the financial services provider’s stock valued at $580,000 after acquiring an additional 10,017 shares during the last quarter. Xact Kapitalforvaltning AB boosted its position in Hope Bancorp by 62.8% during the first quarter. Xact Kapitalforvaltning AB now owns 21,769 shares of the financial services provider’s stock valued at $396,000 after acquiring an additional 8,400 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Hope Bancorp by 1,515.0% during the first quarter. Summit Trail Advisors LLC now owns 260,122 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 244,015 shares during the last quarter. Finally, Kempen Capital Management N.V. boosted its position in Hope Bancorp by 5.1% during the first quarter. Kempen Capital Management N.V. now owns 256,536 shares of the financial services provider’s stock valued at $4,666,000 after acquiring an additional 12,415 shares during the last quarter. 90.36% of the stock is currently owned by institutional investors and hedge funds.

Hope Bancorp Company Profile

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services primarily 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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