Shares of Hope Bancorp Inc (NASDAQ:HOPE) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $16.67.

Several analysts have recently commented on HOPE shares. Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, September 19th. ValuEngine downgraded shares of Hope Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 17th. DA Davidson reduced their price objective on shares of Hope Bancorp to $16.00 and set a “neutral” rating for the company in a research report on Thursday, October 18th. Sandler O’Neill set a $16.00 price objective on shares of Hope Bancorp and gave the stock a “hold” rating in a research report on Wednesday, October 17th. Finally, TheStreet downgraded shares of Hope Bancorp from a “b-” rating to a “c+” rating in a research report on Friday, October 26th.

Hope Bancorp stock traded up $0.12 during mid-day trading on Friday, hitting $13.35. 79,625 shares of the stock were exchanged, compared to its average volume of 1,234,400. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. Hope Bancorp has a 12 month low of $11.37 and a 12 month high of $19.86. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 1.14 and a beta of 1.47.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Hope Bancorp had a net margin of 23.43% and a return on equity of 9.81%. The firm had revenue of $136.60 million during the quarter, compared to analyst estimates of $141.01 million. During the same quarter last year, the business earned $0.33 EPS. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, equities research analysts predict that Hope Bancorp will post 1.44 EPS for the current fiscal year.

In related news, COO David P. Malone acquired 3,450 shares of Hope Bancorp stock in a transaction dated Friday, October 19th. The stock was bought at an average price of $14.58 per share, with a total value of $50,301.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 5.06% of the company’s stock.

Several hedge funds have recently made changes to their positions in HOPE. Ridgewood Investments LLC acquired a new stake in Hope Bancorp in the 3rd quarter valued at $178,000. Gator Capital Management LLC boosted its holdings in Hope Bancorp by 40.0% during the 3rd quarter. Gator Capital Management LLC now owns 21,000 shares of the financial services provider’s stock worth $340,000 after acquiring an additional 6,000 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Hope Bancorp by 106.2% during the 3rd quarter. AQR Capital Management LLC now owns 26,546 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 13,673 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Hope Bancorp by 47.2% during the 3rd quarter. Nisa Investment Advisors LLC now owns 26,654 shares of the financial services provider’s stock worth $431,000 after acquiring an additional 8,550 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Hope Bancorp during the 3rd quarter worth $438,000. 88.68% of the stock is owned by institutional investors.

Hope Bancorp Company Profile

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services primarily to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.

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