Media stories about Hope Bancorp (NASDAQ:HOPE) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hope Bancorp earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.8320447054272 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Up To Date Laundry, Inc. Announces Grand Opening of New Healthcare Laundry Facility (tmcnet.com)
- ValuEngine Upgrades Hope Bancorp (HOPE) to “Buy” (americanbankingnews.com)
- Holiday Hope: Donations boost total to more than $7,500 so far (carrollcountytimes.com)
- $0.31 Earnings Per Share Expected for Hope Bancorp, Inc. (HOPE) This Quarter (americanbankingnews.com)
- Centreville Bank Donates $25K to The Autism Project (golocalprov.com)
A number of brokerages have recently commented on HOPE. ValuEngine upgraded shares of Hope Bancorp from a “hold” rating to a “buy” rating in a report on Friday. Raymond James Financial reiterated a “market perform” rating on shares of Hope Bancorp in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.50 price target on shares of Hope Bancorp in a report on Thursday, October 26th. Finally, DA Davidson reiterated a “buy” rating and set a $21.00 price target on shares of Hope Bancorp in a report on Monday, September 18th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Hope Bancorp has a consensus rating of “Hold” and an average price target of $19.58.
Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Hope Bancorp had a net margin of 26.16% and a return on equity of 8.74%. The business had revenue of $139.51 million during the quarter, compared to the consensus estimate of $137.93 million. During the same period in the previous year, the firm posted $0.22 earnings per share. analysts expect that Hope Bancorp will post 1.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Tuesday, October 31st were given a $0.13 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $0.52 annualized dividend and a dividend yield of 2.73%. Hope Bancorp’s dividend payout ratio is presently 43.70%.
In related news, CFO Alex Ko sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $18.92, for a total value of $756,800.00. Following the sale, the chief financial officer now directly owns 10,088 shares of the company’s stock, valued at $190,864.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Lee Song sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $19.25, for a total transaction of $57,750.00. The disclosure for this sale can be found here. Insiders sold 121,981 shares of company stock worth $2,303,614 over the last three months. Corporate insiders own 5.20% of the company’s stock.
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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