Hope Bancorp Inc (HOPE) concluded trading on Thursday at a closing price of $13.23, with 2.88 million shares of worth about $38.05 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.74% during that period and on July 25, 2024 the price saw a gain of about 2.96%. Currently the company’s common shares owned by public are about 120.13M shares, out of which, 114.37M shares are available for trading.
Stock saw a price change of 4.50% in past 5 days and over the past one month there was a price change of 29.45%. Year-to-date (YTD), HOPE shares are showing a performance of 9.52% which increased to 33.23% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.15 but also hit the highest price of $13.26 during that period. The average intraday trading volume for Hope Bancorp Inc shares is 761.90K. The stock is currently trading 15.21% above its 20-day simple moving average (SMA20), while that difference is up 22.43% for SMA50 and it goes to 23.73% higher than SMA200.
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Hope Bancorp Inc (NASDAQ: HOPE) currently have 120.13M outstanding shares and institutions hold larger chunk of about 87.93% of that.
The stock has a current market capitalization of $1.60B and its 3Y-monthly beta is at 1.12. PE ratio of stock for trailing 12 months is 13.24, while it has posted earnings per share of $1.00 in the same period. Its PEG reads 1.66 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HOPE, volatility over the week remained 3.87% while standing at 3.39% over the month.
Stock’s fiscal year EPS is expected to drop by -23.69% while it is estimated to increase by 55.70% in next year. EPS is likely to grow at an annualized rate of 8.00% for next 5-years, compared to annual growth of -5.03% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by DA Davidson on April 30, 2024 offering a Buy rating for the stock and assigned a target price of $12.50 to it. Coverage by DA Davidson stated Hope Bancorp Inc (HOPE) stock as a Neutral in their note to investors on May 18, 2022, suggesting a price target of $16 for the stock. Stock get a Market perform rating from FIG Partners on September 15, 2017.
