Currently, there are 120.76M common shares owned by the public and among those 114.62M shares have been available to trade.
The company’s stock has a 5-day price change of -2.08% and -17.67% over the past three months. HOPE shares are trading -7.89% year to date (YTD), with the 12-month market performance up to 3.85% 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 671.60K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.78%, -7.52%, and -5.91% respectively.
Institutional ownership of Hope Bancorp Inc (NASDAQ: HOPE) shares accounts for 90.35% of the company’s 120.76M shares outstanding.
It has a market capitalization of $1.37B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 13.76, while the earnings-per-share (ttm) stands at $0.82. The company has a debt-to-equity ratio at 0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.18% over the week and 2.52% over the month.
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.
