Hope Bancorp Inc (HOPE) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Hope Bancorp to Participate in the Piper Sandler 2024 Western Financial Services Conference.

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Stocks Info

Hope Bancorp Inc is listed on the NASDAQ in the Financial sector while operating in the Banks – Regional industry. The current market capitalization of Hope Bancorp Inc is $1.36B. A total of 0.55 million shares were traded on the day, compared to an average of 772.47K shares.

In the most recent transaction, Stenger Thomas sold 1,500 shares of HOPE for 12.19 per share on Dec 14 ’23. After the transaction, the SEVP, Chief Risk Officer now owns 30,700 company shares. In a previous transaction on Sep 08 ’23, Stenger Thomas sold 3,000 shares at 9.34 per share. HOPE shares that SEVP, Chief Risk Officer owns now total 32,200.

Among the insiders who sold shares, Stenger Thomas disposed of 3,418 shares on Jun 06 ’23 at a per-share price of $9.20. This resulted in the SEVP, Chief Risk Officer holding 35,200 shares of HOPE after the transaction. In another insider transaction, Zuehls Dale S. bought 98 shares at $8.18 per share on May 03 ’23. Company shares held by the Director now total 35,101.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Hope Bancorp Inc pays an annual dividend of $0.56, resulting in a dividend yield of 4.95%, and it has a price to earnings (P/E) ratio of 10.19. HOPE’s most recent ex-dividend date was 2/8/2024 when it declared a $0.14 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/16/2023 with an ex-dividend date of 11/1/2023. The HOPE stock dividend was $0.14 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, HOPE has a high of $12.51 and a low of $7.42.

As of this writing, HOPE has an earnings estimate of $0.26 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.29 per share and a lower estimate of $0.22. The company reported an EPS of $0.25 in the last quarter, which was -3.80% lower than expectations of $0.26.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $17.66, while its Total Shareholder’s Equity was $2.09B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HOPE is Buy with a score of 3.00.

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