Hope Bancorp Inc (NASDAQ:HOPE) Director Steven Koh sold 5,323 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $13.85, for a total value of $73,723.55. Following the sale, the director now owns 6,667 shares of the company’s stock, valued at approximately $92,337.95. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Steven Koh also recently made the following trade(s):
- On Wednesday, August 21st, Steven Koh sold 27,504 shares of Hope Bancorp stock. The shares were sold at an average price of $13.65, for a total value of $375,429.60.
- On Friday, August 16th, Steven Koh sold 10,000 shares of Hope Bancorp stock. The shares were sold at an average price of $13.58, for a total value of $135,800.00.
Hope Bancorp stock traded up $0.02 during trading hours on Thursday, hitting $13.59. The stock had a trading volume of 8,694 shares, compared to its average volume of 498,295. The company has a 50-day moving average of $14.03 and a two-hundred day moving average of $13.87. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.74 billion, a PE ratio of 9.42, a price-to-earnings-growth ratio of 1.29 and a beta of 1.47. Hope Bancorp Inc has a fifty-two week low of $11.37 and a fifty-two week high of $17.88.
The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, July 25th. This represents a $0.56 annualized dividend and a yield of 4.12%. Hope Bancorp’s dividend payout ratio (DPR) is 38.89%.
Several analysts recently weighed in on HOPE shares. ValuEngine upgraded Hope Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 20th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.00.
A number of institutional investors have recently bought and sold shares of HOPE. Rockefeller Capital Management L.P. acquired a new position in Hope Bancorp in the 2nd quarter valued at approximately $37,000. Westside Investment Management Inc. acquired a new position in Hope Bancorp in the 2nd quarter valued at approximately $48,000. Versant Capital Management Inc raised its holdings in Hope Bancorp by 47.4% in the 1st quarter. Versant Capital Management Inc now owns 4,494 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 1,445 shares in the last quarter. Martin Capital Partners LLC acquired a new position in Hope Bancorp in the 1st quarter valued at approximately $101,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Hope Bancorp in the 1st quarter valued at approximately $140,000. 87.22% of the stock is owned by hedge funds and other institutional investors.
Hope Bancorp Company Profile
Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.
See Also: How does quantitative easing work?
Receive News & Ratings for Hope Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hope Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.