Hope Bancorp Inc (HOPE) EVP Jason K. Kim Sells 10,518 Shares

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.

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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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