The stock of Hope Bancorp Inc (HOPE) has seen a 0.37% increase in the past week, with a 1.65% gain in the past month, and a 9.79% flourish in the past quarter. The volatility ratio for the week is 2.98%, and the volatility levels for the past 30 days are at 3.22% for HOPE. The simple moving average for the past 20 days is 4.45% for HOPE’s stock, with a 17.47% simple moving average for the past 200 days.
Is It Worth Investing in Hope Bancorp Inc (NASDAQ: HOPE) Right Now?
Hope Bancorp Inc (NASDAQ: HOPE) has a price-to-earnings ratio of 16.13x that is above its average ratio. Additionally, the 36-month beta value for HOPE is 1.14. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HOPE is 114.53M and currently, short sellers hold a 1.65% ratio of that float. The average trading volume of HOPE on November 15, 2024 was 719.34K shares.
HOPE) stock’s latest price update
Hope Bancorp Inc (NASDAQ: HOPE)’s stock price has decreased by -0.66 compared to its previous closing price of 13.66. However, the company has seen a 0.37% 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.
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 6.71% 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 -6.64% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 2.98%, as shares surge +0.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.17% upper at present.
During the last 5 trading sessions, HOPE rose by +0.37%, which changed the moving average for the period of 200-days by +22.47% in comparison to the 20-day moving average, which settled at $12.99. In addition, Hope Bancorp Inc saw 12.33% 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 HA DAISY Y, who sale 27,104 shares at the price of $13.83 back on Nov 07 ’24. After this action, HA DAISY Y now owns 446,806 shares of Hope Bancorp Inc, valued at $374,840 using the latest closing price.
Stenger Thomas, the SEVP, Chief Risk Officer of Hope Bancorp Inc, sale 1,250 shares at $12.50 during a trade that took place back on Nov 06 ’24, which means that Stenger Thomas is holding 24,702 shares at $15,625 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 0.7. 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 -11.09. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, Hope Bancorp Inc (HOPE) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
