A share price of Hope Bancorp Inc [HOPE] is currently trading at $14.35, up 14.89%. An important factor to consider is whether the stock is rising or falling in short-term value. The HOPE shares have gain 14.62% over the last week, with a monthly amount glided 17.82%, 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.
Hope Bancorp Inc experienced fluctuations in its stock price throughout the past year between $9.02 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 $14.35 at the most recent close of the market. An investor can expect a potential return of 4.53% based on the average HOPE price forecast.
Analyzing the HOPE fundamentals
Trailing Twelve Months sales for Hope Bancorp Inc [NASDAQ:HOPE] were 1.04B which represents -14.42% decline. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.1.
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 13.52 points at the first support level, and at 12.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.86, and for the 2nd resistance point, it is at 15.37.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Hope Bancorp Inc [NASDAQ:HOPE] is 0.19. Considering the valuation of this stock, the price to sales ratio is 1.66, the price to book ratio is 0.80 and price to earnings (TTM) ratio is 17.05.
Transactions by insiders
Recent insider trading involved Stenger Thomas, Officer, that happened on Nov 06 ’24 when 1250.0 shares were purchased. EVP, General Counsel, Harris Angelee completed a deal on Sep 04 ’24 to sell 1500.0 shares. Meanwhile, Director Malone David P sold 10428.0 shares on Aug 29 ’24.
