News coverage about Hope Bancorp (NASDAQ:HOPE) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hope Bancorp earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.7618879537439 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment’s analysis:
A number of brokerages recently weighed in on HOPE. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.50 price target on shares of Hope Bancorp in a research report on Tuesday, October 3rd. ValuEngine cut shares of Hope Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Raymond James Financial reissued a “market perform” rating on shares of Hope Bancorp in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, DA Davidson reissued a “buy” rating and issued a $21.00 price target on shares of Hope Bancorp in a research report on Monday, September 18th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Hope Bancorp presently has a consensus rating of “Hold” and an average target price of $19.58.
Shares of Hope Bancorp (NASDAQ HOPE) opened at $18.34 on Friday. Hope Bancorp has a 1 year low of $17.14 and a 1 year high of $19.53. The firm has a market cap of $2,491.81, a price-to-earnings ratio of 15.07, a P/E/G ratio of 1.53 and a beta of 1.39. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58.
Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. Hope Bancorp had a net margin of 26.16% and a return on equity of 8.74%. The business had revenue of $139.51 million during the quarter, compared to analysts’ expectations of $137.93 million. During the same period in the prior year, the company earned $0.22 earnings per share. equities analysts predict that Hope Bancorp will post 1.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were issued a $0.13 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.84%. Hope Bancorp’s payout ratio is 43.33%.
In other news, EVP David Lee Song sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.25, for a total value of $57,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jason K. Kim sold 6,000 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $18.97, for a total transaction of $113,820.00. Following the completion of the sale, the executive vice president now directly owns 70,729 shares of the company’s stock, valued at $1,341,729.13. The disclosure for this sale can be found here. Insiders sold 121,981 shares of company stock valued at $2,303,614 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.
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Hope Bancorp Company Profile
Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.
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