Hope Bancorp, Inc. (NASDAQ:HOPE) has earned a consensus recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $19.30.

A number of analysts have recently commented on HOPE shares. ValuEngine upgraded shares of Hope Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $17.50 target price on shares of Hope Bancorp in a report on Tuesday, October 3rd. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. FIG Partners cut shares of Hope Bancorp from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.00 to $17.00 in a report on Friday, September 15th. Finally, DA Davidson restated a “buy” rating and set a $21.00 target price on shares of Hope Bancorp in a report on Monday, September 18th.

Shares of Hope Bancorp (NASDAQ HOPE) traded down $0.12 during mid-day trading on Monday, hitting $17.03. 686,700 shares of the stock were exchanged, compared to its average volume of 540,668. Hope Bancorp has a 1 year low of $15.10 and a 1 year high of $22.99. The company has a market cap of $2,323.80, a PE ratio of 14.06, a PEG ratio of 1.43 and a beta of 1.40. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58.

Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Hope Bancorp had a net margin of 26.16% and a return on equity of 8.74%. The firm had revenue of $139.51 million for the quarter, compared to analysts’ expectations of $137.93 million. During the same quarter in the previous year, the business posted $0.22 EPS. equities research analysts expect that Hope Bancorp will post 1.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Monday, October 30th. Hope Bancorp’s dividend payout ratio is presently 43.33%.

In other Hope Bancorp news, CFO Alex Ko sold 40,000 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $18.92, for a total value of $756,800.00. Following the completion of the transaction, the chief financial officer now owns 10,088 shares of the company’s stock, valued at approximately $190,864.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jason K. Kim sold 5,739 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $18.17, for a total value of $104,277.63. Following the completion of the transaction, the executive vice president now directly owns 52,709 shares of the company’s stock, valued at approximately $957,722.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 162,174 shares of company stock valued at $2,808,891. 5.20% of the stock is owned by insiders.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. raised its position in Hope Bancorp by 0.3% in the 2nd quarter. BlackRock Inc. now owns 15,820,716 shares of the financial services provider’s stock worth $295,054,000 after buying an additional 51,366 shares during the last quarter. Vanguard Group Inc. raised its position in Hope Bancorp by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,011,407 shares of the financial services provider’s stock worth $224,013,000 after buying an additional 145,101 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Hope Bancorp by 12.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,578,817 shares of the financial services provider’s stock worth $151,931,000 after buying an additional 960,796 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Hope Bancorp by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,497,731 shares of the financial services provider’s stock worth $139,835,000 after buying an additional 363,079 shares during the last quarter. Finally, State Street Corp raised its position in Hope Bancorp by 0.9% in the 2nd quarter. State Street Corp now owns 4,811,337 shares of the financial services provider’s stock worth $89,732,000 after buying an additional 43,135 shares during the last quarter. 76.97% of the stock is owned by institutional investors and hedge funds.

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Hope Bancorp Company Profile

Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.

Analyst Recommendations for Hope Bancorp (NASDAQ:HOPE)

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