Somewhat Positive Press Coverage Somewhat Unlikely to Impact Hope Bancorp (HOPE) Stock Price

News articles about Hope Bancorp (NASDAQ:HOPE) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hope Bancorp earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 45.5621335177916 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of research analysts have commented on the company. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Wednesday, July 12th. Wedbush reaffirmed a “neutral” rating and set a $20.00 price target on shares of Hope Bancorp in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $17.50 price target on shares of Hope Bancorp in a research report on Tuesday, October 3rd. FIG Partners lowered Hope Bancorp from an “outperform” rating to a “market-perform” rating in a research report on Wednesday, July 26th. Finally, ValuEngine lowered Hope Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Hope Bancorp has a consensus rating of “Hold” and an average price target of $19.42.

Hope Bancorp (NASDAQ HOPE) opened at 18.00 on Wednesday. The firm’s 50-day moving average price is $16.64 and its 200-day moving average price is $17.88. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 16.44 and a beta of 1.41. Hope Bancorp has a 52-week low of $15.10 and a 52-week high of $22.99.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). Hope Bancorp had a net margin of 24.38% and a return on equity of 8.45%. The company had revenue of $132.94 million for the quarter, compared to the consensus estimate of $136.80 million. On average, equities analysts anticipate that Hope Bancorp will post $1.19 EPS for the current year.

In other news, EVP Jason K. Kim sold 2,750 shares of Hope Bancorp stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $17.70, for a total transaction of $48,675.00. Following the completion of the sale, the executive vice president now owns 70,729 shares of the company’s stock, valued at $1,251,903.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donald Byun sold 101,026 shares of Hope Bancorp stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $16.45, for a total transaction of $1,661,877.70. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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About Hope Bancorp

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.

Insider Buying and Selling by Quarter for Hope Bancorp (NASDAQ:HOPE)

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