Hope Bancorp Inc (NASDAQ:HOPE) Director Steven Koh Sells 27,504 Shares

Hope Bancorp Inc (NASDAQ:HOPE) Director Steven Koh sold 27,504 shares of Hope Bancorp stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $13.65, for a total value of $375,429.60. Following the completion of the sale, the director now owns 6,667 shares in the company, valued at $91,004.55. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Steven Koh also recently made the following trade(s):

  • On Monday, August 19th, Steven Koh sold 5,323 shares of Hope Bancorp stock. The stock was sold at an average price of $13.85, for a total value of $73,723.55.
  • On Friday, August 16th, Steven Koh sold 10,000 shares of Hope Bancorp stock. The stock was sold at an average price of $13.58, for a total value of $135,800.00.

HOPE stock traded up $0.02 during trading on Thursday, hitting $13.59. The stock had a trading volume of 7,317 shares, compared to its average volume of 498,295. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.03 and a quick ratio of 1.03. Hope Bancorp Inc has a twelve month low of $11.37 and a twelve month high of $17.88. The stock has a market capitalization of $1.74 billion, a P/E ratio of 9.41, a PEG ratio of 1.29 and a beta of 1.47. The company’s 50-day moving average price is $14.03 and its two-hundred day moving average price is $13.87.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.01). The firm had revenue of $129.51 million during the quarter, compared to analyst estimates of $133.30 million. Hope Bancorp had a return on equity of 9.12% and a net margin of 23.98%. During the same quarter in the previous year, the firm posted $0.36 earnings per share. As a group, sell-side analysts expect that Hope Bancorp Inc will post 1.33 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Thursday, July 25th. Hope Bancorp’s dividend payout ratio is currently 38.89%.

Several research firms recently issued reports on HOPE. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, July 20th. ValuEngine upgraded Hope Bancorp from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Hope Bancorp has an average rating of “Hold” and a consensus target price of $16.00.

Institutional investors have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in Hope Bancorp by 6.0% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 144,528 shares of the financial services provider’s stock valued at $1,992,000 after buying an additional 8,241 shares during the last quarter. Royal Bank of Canada increased its holdings in Hope Bancorp by 107.6% in the second quarter. Royal Bank of Canada now owns 13,088 shares of the financial services provider’s stock valued at $180,000 after buying an additional 6,785 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Hope Bancorp in the second quarter valued at $780,000. Nuveen Asset Management LLC purchased a new position in Hope Bancorp in the second quarter valued at $7,206,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Hope Bancorp by 0.6% in the second quarter. Price T Rowe Associates Inc. MD now owns 6,822,006 shares of the financial services provider’s stock valued at $94,007,000 after buying an additional 44,034 shares during the last quarter. Institutional investors and hedge funds own 87.22% of the company’s stock.

About Hope Bancorp

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services 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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Insider Buying and Selling by Quarter for Hope Bancorp (NASDAQ:HOPE)

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