Hope Bancorp Inc (NASDAQ:HOPE) price on Friday, February 07, fall -2.20% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.56.
A look at the stock’s price movement, the close in the last trading session was $11.82, moving within a range at $11.45 and $11.78. The beta value (5-Year monthly) was 1.126 while the PE ratio in trailing twelve months stood at 14.05. Turning to its 52-week performance, $14.53 and $9.80 were the 52-week high and 52-week low respectively. Overall, HOPE moved -3.34% over the past month.
Hope Bancorp Inc’s market cap currently stands at around $1.40 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.70, with its dividend yield at 6.06%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 116.77M for the company’s revenue for the quarter, with a low and high estimate of 114M and 120.4M respectively. The average forecast suggests down to a -5.32% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 530.13M, representing a 11.62% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HOPE is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
0 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 0 recommend HOPE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is nan which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HOPE’s current price about -2.43% and -7.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.02, while 7-day volatility ratio is 2.40% and 2.69% in the 30-day chart. Further, Hope Bancorp Inc (HOPE) has a beta value of 1.13, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $15 and high of $15. Looking at the price targets, the low is -29.76% off current price level while to achieve the yearly target high, price needs to move -29.76%. Nonetheless, investors will most likely welcome a -29.76% jump to $15 which is the analysts’ median price.
If we refocus on Hope Bancorp Inc (NASDAQ:HOPE), historical trading data shows that trading volumes averaged 1.02 over the past 10 days and 699.49K over the past 3 months. The company’s latest data on shares outstanding shows there are 120.76 million shares.
The 5.05% of Hope Bancorp Inc’s shares are in the hands of company insiders while institutional holders own 90.03% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.29 million on 2024-12-31, giving us a short ratio of 3.35. The data shows that as of 2024-12-31 short interest in Hope Bancorp Inc (HOPE) stood at 274.0 of shares outstanding, with shares short rising to 2.11 million registered in 2024-11-29. Current price change has pushed the stock -5.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HOPE stock continues to rise going into the next quarter.
