Hope Bancorp Inc [HOPE] stock prices are up 2.96% to $13.23 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The HOPE shares have gain 4.50% over the last week, with a monthly amount glided 29.45%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Hope Bancorp Inc [NASDAQ: HOPE] stock has seen the most recent analyst activity on April 30, 2024, when DA Davidson upgraded its rating to a Buy but kept the price target unchanged to $12.50 for it. Previously, DA Davidson downgraded its rating to Neutral on May 18, 2022, and dropped its price target to $16. On November 15, 2021, upgrade upgraded it’s rating to Buy. Raymond James downgraded its rating to a Mkt Perform. FIG Partners downgraded its rating to a Market Perform. FIG Partners upgraded its rating to Outperform for this stock on May 02, 2017. In a note dated January 26, 2017, Keefe Bruyette downgraded an Mkt Perform rating on this stock.
The stock price of Hope Bancorp Inc [HOPE] has been fluctuating between $8.15 and $13.26 over the past year. Currently, Wall Street analysts expect the stock to reach $12.5 within the next 12 months. Hope Bancorp Inc [NASDAQ: HOPE] shares were valued at $13.23 at the most recent close of the market. An investor can expect a potential drop of -5.52% based on the average HOPE price forecast.
Analyzing the HOPE fundamentals
The Hope Bancorp Inc [NASDAQ:HOPE] reported sales of 1.11B for trailing twelve months, representing a surge of 8.21%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.06 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 12.78 points at the first support level, and at 12.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.55, and for the 2nd resistance point, it is at 13.87.
Ratios To Look Out For
It’s worth pointing out that Hope Bancorp Inc [NASDAQ:HOPE]’s Current Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.44, the price to book ratio is 0.76 and price to earnings (TTM) ratio is 13.24.
Transactions by insiders
Recent insider trading involved Koh Steven, Director, that happened on Jun 12 ’24 when 30543.0 shares were sold. Director, Koh Steven completed a deal on Jun 11 ’24 to sell 3857.0 shares. Meanwhile, EVP, General Counsel Harris Angelee sold 4200.0 shares on May 21 ’24.
