Hope Bancorp Inc (NASDAQ: HOPE)’s stock price has increased by 14.89 compared to its previous closing price of 12.49. However, the company has seen a 14.62% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-29 that Hope Cannot Walk Away if Board Allows Investors to Perform Due Diligence Hope Can Only Walk Away if Board Changes Recommendation or Breaches Merger Agreement Calls on Board to Exercise Risk-Free Option to Explore Potentially Superior Offer Encourages Territorial Shareholders to Force Another Postponement by Voting AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 Responds to Illogical Board Excuses for not Engaging with Investors HONOLULU, Oct. 29, 2024 /PRNewswire/ — Blue Hill Advisors today issued the following open letter to shareholders of Territorial Bancorp Inc. (“Territorial” or the “Company”) (NASDAQ: TBNK). Dear Fellow Territorial Shareholders, Territorial’s Board of Directors has flooded you with materials urging you to support the Company’s proposed sale to Hope Bancorp, Inc. (“Hope”) (NASDAQ: HOPE) and dismiss our proposal.
Is It Worth Investing in Hope Bancorp Inc (NASDAQ: HOPE) Right Now?
The price-to-earnings ratio for Hope Bancorp Inc (NASDAQ: HOPE) is 17.05x, which is above its average ratio. Moreover, the 36-month beta value for HOPE is 1.13. 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.”
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The public float for HOPE is 114.50M and currently, short sellers hold a 2.38% of that float. On November 07, 2024, HOPE’s average trading volume was 672.62K shares.
HOPE’s Market Performance
The stock of Hope Bancorp Inc (HOPE) has seen a 14.62% increase in the past week, with a 17.82% rise in the past month, and a 21.71% gain in the past quarter. The volatility ratio for the week is 3.57%, and the volatility levels for the past 30 days are at 3.47% for HOPE. The simple moving average for the last 20 days is 12.14% for HOPE stock, with a simple moving average of 24.88% for the last 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 13.94% 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 able to rebound, for now settling with 5.59% of gains for the given period.
Volatility was left at 3.47%, however, over the last 30 days, the volatility rate increased by 3.57%, as shares surge +16.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.16% upper at present.
During the last 5 trading sessions, HOPE rose by +14.62%, which changed the moving average for the period of 200-days by +21.51% in comparison to the 20-day moving average, which settled at $12.80. In addition, Hope Bancorp Inc saw 18.79% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HOPE starting from Stenger Thomas, who proposed sale 1,250 shares at the price of $14.29 back on Nov 06 ’24. After this action, Stenger Thomas now owns shares of Hope Bancorp Inc, valued at $17,862 using the latest closing price.
Harris Angelee, the EVP, General Counsel of Hope Bancorp Inc, sale 1,500 shares at $12.48 during a trade that took place back on Sep 04 ’24, which means that Harris Angelee is holding 23,331 shares at $18,720 based on the most recent closing price.
Stock Fundamentals for HOPE
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 1.0 for the gross margin
The net margin for Hope Bancorp Inc stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 4.85, with 0.54 for asset returns.
Based on Hope Bancorp Inc (HOPE), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 1.31. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 1.19.
Currently, EBITDA for the company is 1.8 million with net debt to EBITDA at 9.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.19.
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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
