A share price of Hope Bancorp Inc [HOPE] is currently trading at $12.57, down -1.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HOPE shares have gain 3.54% over the last week, with a monthly amount drifted -3.01%, and not 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.
Hope Bancorp Inc experienced fluctuations in its stock price throughout the past year between $8.15 and $13.59. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Hope Bancorp Inc [NASDAQ: HOPE] shares were valued at $12.57 at the most recent close of the market. An investor can expect a potential return of 19.33% based on the average HOPE price forecast.
Analyzing the HOPE fundamentals
Trailing Twelve Months sales for Hope Bancorp Inc [NASDAQ:HOPE] were 1.08B which represents -10.01% decline. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 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 0.14.
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 12.46 points at the first support level, and at 12.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.70, and for the 2nd resistance point, it is at 12.83.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hope Bancorp Inc [NASDAQ:HOPE] is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 0.72 and price to earnings (TTM) ratio is 14.10.
Transactions by insiders
Recent insider trading involved Doo Jinho, Director, that happened on Aug 19 ’24 when 10703.0 shares were sold. Director, Doo Jinho completed a deal on Aug 20 ’24 to sell 4297.0 shares. Meanwhile, SEVP, Chief Risk Officer Stenger Thomas sold 3200.0 shares on Aug 16 ’24.
