Media headlines about Hope Bancorp (NASDAQ:HOPE) have been trending somewhat positive on Thursday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hope Bancorp earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.7738525764381 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Madison Ahlman – A life transformed (paysonroundup.com)
- Via Rail to launch process to buy new trains with federal funding announcement (cp24.com)
- Hope Bancorp (HOPE) Raised to “Buy” at ValuEngine (americanbankingnews.com)
- Change Ups: Jones receives honorary doctorate for improving cancer treatment (grbj.com)
- $140.38 Million in Sales Expected for Hope Bancorp Inc (HOPE) This Quarter (americanbankingnews.com)
A number of research analysts recently commented on the stock. ValuEngine raised shares of Hope Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research downgraded shares of Hope Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $22.00 price objective on shares of Hope Bancorp in a research report on Tuesday, January 9th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $19.92.
Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $142.84 million during the quarter, compared to analysts’ expectations of $139.26 million. Hope Bancorp had a net margin of 21.96% and a return on equity of 8.71%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.31 earnings per share. equities research analysts predict that Hope Bancorp will post 1.57 EPS for the current fiscal year.
In other news, EVP Jason K. Kim sold 10,406 shares of the business’s stock in a transaction on Wednesday, February 14th. The shares were sold at an average price of $18.29, for a total value of $190,325.74. Following the completion of the sale, the executive vice president now directly owns 42,964 shares in the company, valued at $785,811.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jason K. Kim sold 10,518 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $18.83, for a total transaction of $198,053.94. Following the completion of the sale, the executive vice president now owns 42,964 shares of the company’s stock, valued at $809,012.12. The disclosure for this sale can be found here. 5.20% of the stock is 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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