Hope Bancorp, Inc. (NASDAQ:HOPE) EVP David Lee Song sold 3,000 shares of Hope Bancorp stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.25, for a total transaction of $57,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Hope Bancorp, Inc. (NASDAQ HOPE) traded up $0.04 on Friday, reaching $18.76. 519,183 shares of the company were exchanged, compared to its average volume of 483,036. The firm has a market capitalization of $2,541.94, a price-to-earnings ratio of 15.38, a PEG ratio of 1.56 and a beta of 1.39. Hope Bancorp, Inc. has a 52-week low of $17.14 and a 52-week high of $19.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $139.51 million for the quarter, compared to analyst estimates of $137.93 million. Hope Bancorp had a net margin of 26.16% and a return on equity of 8.74%. During the same period in the previous year, the business posted $0.22 earnings per share. equities analysts anticipate that Hope Bancorp, Inc. will post 1.2 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st were issued a $0.13 dividend. The ex-dividend date was Monday, October 30th. This represents a $0.52 annualized dividend and a yield of 2.77%. Hope Bancorp’s payout ratio is 43.33%.

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

Large investors have recently bought and sold shares of the business. Zions Bancorporation acquired a new position in Hope Bancorp in the 3rd quarter valued at about $102,000. First Interstate Bank boosted its holdings in Hope Bancorp by 254.3% in the 2nd quarter. First Interstate Bank now owns 6,395 shares of the financial services provider’s stock valued at $119,000 after purchasing an additional 4,590 shares during the last quarter. Commonwealth Equity Services Inc acquired a new position in Hope Bancorp in the 3rd quarter valued at about $183,000. Hotchkis & Wiley Capital Management LLC acquired a new position in Hope Bancorp in the 3rd quarter valued at about $187,000. Finally, Riverhead Capital Management LLC boosted its holdings in Hope Bancorp by 100.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 10,221 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 5,121 shares during the last quarter. Institutional investors own 80.58% of the company’s stock.

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About Hope Bancorp

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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