Hope Bancorp Inc (NASDAQ:HOPE) EVP Jason K. Kim sold 10,518 shares of Hope Bancorp stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $18.83, for a total transaction of $198,053.94. Following the completion of the transaction, the executive vice president now directly owns 42,964 shares in the company, valued at approximately $809,012.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Hope Bancorp Inc (HOPE) opened at $18.76 on Monday. Hope Bancorp Inc has a fifty-two week low of $15.10 and a fifty-two week high of $22.24. The company has a market cap of $2,542.20, a PE ratio of 15.25, a price-to-earnings-growth ratio of 1.19 and a beta of 1.38. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.69.
Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Hope Bancorp had a net margin of 21.96% and a return on equity of 8.71%. The company had revenue of $142.84 million during the quarter, compared to analysts’ expectations of $139.26 million. During the same period last year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. sell-side analysts predict that Hope Bancorp Inc will post 1.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 19th. Shareholders of record on Monday, February 5th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, February 2nd. Hope Bancorp’s payout ratio is 50.49%.
Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation acquired a new position in shares of Hope Bancorp in the third quarter worth about $102,000. Commonwealth Equity Services Inc acquired a new position in shares of Hope Bancorp in the third quarter worth about $183,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Hope Bancorp in the third quarter worth about $187,000. Pinnacle Associates Ltd. acquired a new position in shares of Hope Bancorp in the third quarter worth about $192,000. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Hope Bancorp in the fourth quarter worth about $199,000. Institutional investors own 82.11% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Hope Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, February 14th. ValuEngine cut shares of Hope Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $22.00 price objective on shares of Hope Bancorp in a research note on Tuesday, January 9th. Raymond James Financial reaffirmed a “market perform” rating on shares of Hope Bancorp in a research note on Thursday, November 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $18.50 price objective on shares of Hope Bancorp in a research note on Thursday, October 26th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Hope Bancorp has an average rating of “Hold” and a consensus price target of $19.92.
COPYRIGHT VIOLATION NOTICE: This report was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://ledgergazette.com/2018/02/19/hope-bancorp-inc-hope-evp-jason-k-kim-sells-10518-shares.html.
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.
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.