The price-to-earnings ratio for Hope Bancorp Inc (NASDAQ: HOPE) is 10.85x, which is above its average ratio. Moreover, the 36-month beta value for HOPE is 1.15. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for HOPE is 114.36M and currently, short sellers hold a 1.56% of that float. On May 10, 2024, HOPE’s average trading volume was 667.99K shares.
HOPE) stock’s latest price update
Hope Bancorp Inc (NASDAQ: HOPE) has experienced a rise in its stock price by 1.40 compared to its previous closing price of 10.69. However, the company has seen a gain of 2.17% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that While the top- and bottom-line numbers for Hope Bancorp (HOPE) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
HOPE’s Market Performance
Hope Bancorp Inc (HOPE) has experienced a 2.17% rise in stock performance for the past week, with a 2.26% rise in the past month, and a 2.17% rise in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 2.98% for HOPE. The simple moving average for the past 20 days is 2.17% for HOPE’s stock, with a 4.37% simple moving average for the past 200 days.
Analysts’ Opinion of HOPE
Many brokerage firms have already submitted their reports for HOPE stocks, with DA Davidson repeating the rating for HOPE by listing it as a “Buy.” The predicted price for HOPE in the upcoming period, according to DA Davidson is $12.50 based on the research report published on April 30, 2024 of the current year 2024.
DA Davidson, on the other hand, stated in their research note that they expect to see HOPE reach a price target of $16, previously predicting the price at $20. The rating they have provided for HOPE stocks is “Neutral” according to the report published on May 18th, 2022.
HOPE Trading at -0.12% from the 50-Day Moving Average
After a stumble in the market that brought HOPE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.35% of loss for the given period.
Volatility was left at 2.98%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +1.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.31% upper at present.
During the last 5 trading sessions, HOPE rose by +2.17%, which changed the moving average for the period of 200-days by +9.16% in comparison to the 20-day moving average, which settled at $10.62. In addition, Hope Bancorp Inc saw -10.26% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HOPE starting from Stenger Thomas, who sale 1,500 shares at the price of $12.19 back on Dec 14 ’23. After this action, Stenger Thomas now owns 30,700 shares of Hope Bancorp Inc, valued at $18,285 using the latest closing price.
Stenger Thomas, the SEVP, Chief Risk Officer of Hope Bancorp Inc, sale 3,000 shares at $9.34 during a trade that took place back on Sep 08 ’23, which means that Stenger Thomas is holding 32,200 shares at $28,020 based on the most recent closing price.
Stock Fundamentals for HOPE
Current profitability levels for the company are sitting at:
- 0.68 for the present operating margin
- 1.0 for the gross margin
The net margin for Hope Bancorp Inc stands at 0.19. The total capital return value is set at 0.03. Equity return is now at value 5.77, with 0.62 for asset returns.
Based on Hope Bancorp Inc (HOPE), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.75. The interest coverage ratio of the stock is 1.21.
Currently, EBITDA for the company is 1.8 million with net debt to EBITDA at -0.1. When we switch over and look at the enterprise to sales, we see a ratio of 1.79. The receivables turnover for the company is 11.58for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.09.
Conclusion
To wrap up, the performance of Hope Bancorp Inc (HOPE) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
