Hope Bancorp, Inc. (NASDAQ:HOPE) Director Steven Koh sold 10,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.95, for a total transaction of $179,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Steven Koh also recently made the following trade(s):

  • On Wednesday, November 29th, Steven Koh sold 47,833 shares of Hope Bancorp stock. The stock was sold at an average price of $19.22, for a total transaction of $919,350.26.

Hope Bancorp, Inc. (HOPE) traded up $0.04 on Friday, hitting $18.76. 519,183 shares of the stock traded hands, compared to its average volume of 483,036. Hope Bancorp, Inc. has a 12-month low of $17.14 and a 12-month high of $19.42. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $2,536.53, a P/E ratio of 15.34, a P/E/G ratio of 1.56 and a beta of 1.39.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Hope Bancorp had a net margin of 26.16% and a return on equity of 8.74%. The firm had revenue of $139.51 million for the quarter, compared to the consensus estimate of $137.93 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. research analysts expect that Hope Bancorp, Inc. will post 1.2 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.13 per share. The ex-dividend date was Monday, October 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.77%. Hope Bancorp’s dividend payout ratio (DPR) is currently 43.33%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its holdings in shares of Hope Bancorp by 0.5% during the second quarter. Teacher Retirement System of Texas now owns 10,308 shares of the financial services provider’s stock valued at $192,000 after acquiring an additional 55 shares in the last quarter. TD Asset Management Inc. increased its holdings in Hope Bancorp by 7.4% in the 2nd quarter. TD Asset Management Inc. now owns 40,600 shares of the financial services provider’s stock worth $757,000 after buying an additional 2,800 shares during the period. Royal Bank of Canada increased its holdings in Hope Bancorp by 23.8% in the 2nd quarter. Royal Bank of Canada now owns 38,632 shares of the financial services provider’s stock worth $720,000 after buying an additional 7,428 shares during the period. Goldman Sachs Group Inc. increased its holdings in Hope Bancorp by 5.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 134,875 shares of the financial services provider’s stock worth $2,516,000 after buying an additional 7,179 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Hope Bancorp by 15.5% in the 2nd quarter. New York State Common Retirement Fund now owns 182,688 shares of the financial services provider’s stock worth $3,407,000 after buying an additional 24,548 shares during the period. Hedge funds and other institutional investors own 80.58% of the company’s stock.

A number of equities analysts have commented on HOPE shares. ValuEngine upgraded shares of Hope Bancorp from a “hold” rating to a “buy” rating in a report on Friday. DA Davidson reiterated a “buy” rating and issued a $21.00 target price on shares of Hope Bancorp in a report on Monday, September 18th. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $18.50 target price on shares of Hope Bancorp in a report on Thursday, October 26th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Hope Bancorp in a report on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Hope Bancorp has an average rating of “Hold” and a consensus target price of $19.58.

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Hope Bancorp Company Profile

Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.

Insider Buying and Selling by Quarter for Hope Bancorp (NASDAQ:HOPE)

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