4 hours Ago By Defense World Staff
Hope Bancorp ( NASDAQ:HOPE – Free Report ) had its price target trimmed by Piper Sandler from $13.00 to $12.00 in a report issued on Thursday morning, Benzinga reports.
The brokerage currently has a neutral rating on the financial services provider’s stock. A number of other brokerages also recently weighed in on HOPE. StockNews.
com upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 6th. DA Davidson reduced their price target on Hope Bancorp from $15.50 to $14.
50 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $12.
88. Check Out Our Latest Analysis on HOPE Hope Bancorp Price Performance Hope Bancorp ( NASDAQ:HOPE – Get Free Report ) last announced its earnings results on Monday, January 27th. The financial services provider reported $0.
20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03.
Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%.
As a group, analysts expect that Hope Bancorp will post 1.14 earnings per share for the current fiscal year. Hope Bancorp Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th.
Shareholders of record on Thursday, February 6th will be given a $0.14 dividend. This represents a $0.
56 annualized dividend and a yield of 4.80%. The ex-dividend date of this dividend is Thursday, February 6th.
Hope Bancorp’s dividend payout ratio is currently 68.29%. Insider Buying and Selling In other news, EVP Thomas Stenger sold 4,185 shares of the firm’s stock in a transaction dated Thursday, January 30th.
The shares were sold at an average price of $11.83, for a total transaction of $49,508.55.
Following the completion of the transaction, the executive vice president now directly owns 19,267 shares of the company’s stock, valued at approximately $227,928.61. This trade represents a 17.
84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Also, EVP Angelee Harris sold 3,000 shares of Hope Bancorp stock in a transaction that occurred on Monday, November 25th.
The shares were sold at an average price of $14.16, for a total value of $42,480.00.
Following the sale, the executive vice president now directly owns 19,795 shares in the company, valued at $280,297.20. The trade was a 13.
16 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last quarter, insiders have sold 133,409 shares of company stock valued at $1,787,381.
5.29% of the stock is owned by company insiders. Institutional Trading of Hope Bancorp Several hedge funds have recently modified their holdings of HOPE.
Wellington Management Group LLP boosted its stake in Hope Bancorp by 30.1% in the third quarter. Wellington Management Group LLP now owns 4,553,508 shares of the financial services provider’s stock worth $57,192,000 after purchasing an additional 1,054,124 shares in the last quarter.
Assenagon Asset Management S.A. grew its stake in shares of Hope Bancorp by 47.
0% during the fourth quarter. Assenagon Asset Management S.A.
now owns 1,055,151 shares of the financial services provider’s stock worth $12,968,000 after purchasing an additional 337,599 shares during the period. Barclays PLC increased its stake in shares of Hope Bancorp by 109.9% in the 3rd quarter.
Barclays PLC now owns 253,437 shares of the financial services provider’s stock valued at $3,183,000 after acquiring an additional 132,677 shares during the last quarter. State Street Corp raised its holdings in Hope Bancorp by 1.9% in the third quarter.
State Street Corp now owns 6,152,656 shares of the financial services provider’s stock worth $77,277,000 after purchasing an additional 112,824 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Hope Bancorp by 12.
0% during the 3rd quarter. JPMorgan Chase & Co. now owns 893,172 shares of the financial services provider’s stock worth $11,218,000 after buying an additional 95,570 shares during the period.
Institutional investors and hedge funds own 84.00% of the company’s stock. Hope Bancorp Company Profile ( Get Free Report ) Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States.
It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans. Featured Stories Five stocks we like better than Hope Bancorp Are Penny Stocks a Good Fit for Your Portfolio? ServiceNow Stock Slips, But AI Expansion Signals Long-Term Gains Best Stocks Under $10.
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