At the time of writing, Hope Bancorp Inc [HOPE] stock is trading at $10.38, up 0.97%. 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 lost -0.86% over the last week, with a monthly amount drifted -9.66%, and not seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Hope Bancorp Inc fluctuated between $9.80 and $14.53. Currently, Wall Street analysts expect the stock to reach $15 within the next 12 months. Hope Bancorp Inc [NASDAQ: HOPE] shares were valued at $10.38 at the most recent close of the market. An investor can expect a potential return of 44.51% based on the average HOPE price forecast.
Analyzing the HOPE fundamentals
According to Hope Bancorp Inc [NASDAQ:HOPE], the company’s sales were 1.02B for trailing twelve months, which represents an -7.87% plunge. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at -0.43%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.05 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.18.
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 10.23 points at the first support level, and at 10.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.49, and for the 2nd resistance point, it is at 10.60.
Ratios To Look Out For
It is important to note that Hope Bancorp Inc [NASDAQ:HOPE] has a current ratio of 0.04. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 0.59 and price to earnings (TTM) ratio is 12.62.
Transactions by insiders
Recent insider trading involved Stenger Thomas, SEVP, Chief Risk Officer, that happened on Jan 30 ’25 when 4185.0 shares were sold. Officer, Stenger Thomas completed a deal on Jan 30 ’25 to buy 4185.0 shares. Meanwhile, Director Malone David P sold 28763.0 shares on Dec 10 ’24.
