A share price of Hope Bancorp Inc [HOPE] is currently trading at $11.43, up 4.38%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HOPE shares have gain 2.60% over the last week, with a monthly amount glided 5.06%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Hope Bancorp to Participate in the Piper Sandler 2024 Western Financial Services Conference. In a post published today on Yahoo Finance, Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that Executive Vice President and Chief Financial Officer Julianna Balicka will be participating in the Piper Sandler 2024 Western Financial Services Conference in Las Vegas, February 28-29, 2024.
From an analyst’s perspective:
Hope Bancorp Inc [NASDAQ: HOPE] stock has seen the most recent analyst activity on May 18, 2022, when DA Davidson downgraded its rating to a Neutral and also revised its price target to $16 from $20. Previously, DA Davidson upgraded its rating to Buy on November 15, 2021. On November 02, 2017, downgrade downgraded it’s rating to Mkt Perform. FIG Partners downgraded its rating to a Market Perform. FIG Partners upgraded its rating to a Outperform. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on January 26, 2017.
Hope Bancorp Inc experienced fluctuations in its stock price throughout the past year between $7.42 and $12.51. Hope Bancorp Inc [NASDAQ: HOPE] shares were valued at $11.43 at the most recent close of the market.
Analyzing the HOPE fundamentals
Trailing Twelve Months sales for Hope Bancorp Inc [NASDAQ:HOPE] were 1.09B which represents 15.67% growth. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.68%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.75.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.16 points at the first support level, and at 10.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.56, and for the 2nd resistance point, it is at 11.70.
Hope Bancorp Inc [HOPE] reported earnings per share of $0.24 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of $0.03 and a surprise factor of 14.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.25 per share as compared to estimates of $0.26 per share, a difference of -$0.01 representing a surprise of -3.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hope Bancorp Inc [NASDAQ:HOPE] is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.26, the price to book ratio is 0.65 and price to earnings (TTM) ratio is 10.29.
Transactions by insiders
Recent insider trading involved Stenger Thomas, SEVP, Chief Risk Officer, that happened on Dec 14 ’23 when 1500.0 shares were sold. SEVP, Chief Risk Officer, Stenger Thomas completed a deal on Sep 08 ’23 to sell 3000.0 shares. Meanwhile, SEVP, Chief Risk Officer Stenger Thomas sold 3418.0 shares on Jun 06 ’23.
