Currently, there are 120.74M common shares owned by the public and among those 114.64M shares have been available to trade.
The company’s stock has a 5-day price change of 6.05% and -9.44% over the past three months. HOPE shares are trading -1.63% year to date (YTD), with the 12-month market performance up to 7.28% higher. It has a 12-month low price of $9.80 and touched a high of $14.53 over the same period. HOPE has an average intraday trading volume of 714.93K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.04%, -6.64%, and 1.32% respectively.
Institutional ownership of Hope Bancorp Inc (NASDAQ: HOPE) shares accounts for 90.07% of the company’s 120.74M shares outstanding.
It has a market capitalization of $1.46B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 14.37, while the earnings-per-share (ttm) stands at $0.84. The company has a debt-to-equity ratio at 0.12. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.72% over the week and 2.99% over the month.
Analysts forecast that Hope Bancorp Inc (HOPE) will achieve an EPS of 0.2 for the current quarter, 0.26 for the next quarter and 1.19 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.16 while analysts give the company a high EPS estimate of 0.16. Comparatively, EPS for the current quarter was 0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -30.63%, and 50.65% over the next financial year.
Looking at the support for the HOPE, a number of firms have released research notes about the stock. DA Davidson stated their Buy rating for the stock in a research note on April 30, 2024, with the firm’s price target at $12.50. DA Davidson coverage for the Hope Bancorp Inc (HOPE) stock in a research note released on May 18, 2022 offered a Neutral rating with a price target of $16. FIG Partners on their part issued Market Perform rating on September 15, 2017.
