News headlines about Hope Bancorp (NASDAQ:HOPE) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hope Bancorp earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.9150434944742 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages recently weighed in on HOPE. ValuEngine upgraded Hope Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research cut Hope Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, Piper Jaffray Companies reissued a “hold” rating and issued a $22.00 price target on shares of Hope Bancorp in a research note on Tuesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.92.
Hope Bancorp (NASDAQ HOPE) traded down $0.37 during mid-day trading on Wednesday, hitting $18.86. The stock had a trading volume of 607,386 shares, compared to its average volume of 510,874. The company has a market capitalization of $2,615.61, a price-to-earnings ratio of 15.69, a PEG ratio of 1.23 and a beta of 1.37. Hope Bancorp has a 52 week low of $17.14 and a 52 week high of $19.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.65.
The business also recently declared a quarterly dividend, which was paid on Monday, February 19th. Stockholders of record on Monday, February 5th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, February 2nd. Hope Bancorp’s dividend payout ratio (DPR) is presently 50.49%.
In related news, EVP Jason K. Kim sold 10,518 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $18.83, for a total transaction of $198,053.94. Following the transaction, the executive vice president now owns 42,964 shares in the company, valued at approximately $809,012.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jason K. Kim sold 10,406 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $18.29, for a total value of $190,325.74. Following the transaction, the executive vice president now owns 42,964 shares in the company, valued at approximately $785,811.56. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.
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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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