Hope Bancorp (HOPE) Getting Somewhat Positive Media Coverage, Study Shows
Headlines about Hope Bancorp (NASDAQ:HOPE) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hope Bancorp earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.1901128629667 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s analysis:
- The Hearts Milk Bank: How research and technology is changing the debate around breastfeeding (independent.co.uk)
- Happy State Bank Elects New Directors to Board (myhighplains.com)
- HOPE nearing completion on home (tribtoday.com)
- Hope Bancorp to Announce 2017 Fourth Quarter Financial Results on Tuesday, January 30, 2018 (finance.yahoo.com)
- Hope Bancorp Inc to Post FY2018 Earnings of $1.48 Per Share, Wedbush Forecasts (HOPE) (americanbankingnews.com)
A number of equities analysts recently weighed in on HOPE shares. ValuEngine upgraded Hope Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reiterated a “hold” rating and issued a $22.00 price target on shares of Hope Bancorp in a research report on Tuesday, January 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.50 price target on shares of Hope Bancorp in a research report on Tuesday, October 3rd. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $21.00 price target on shares of Hope Bancorp in a research report on Monday, September 18th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $19.92.
Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Hope Bancorp had a return on equity of 8.74% and a net margin of 26.16%. The business had revenue of $139.51 million during the quarter, compared to analyst estimates of $137.93 million. During the same quarter last year, the company posted $0.22 EPS. research analysts expect that Hope Bancorp will post 1.2 earnings per share for the current fiscal year.
In other Hope Bancorp news, Director Steven Koh sold 47,833 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $19.22, for a total transaction of $919,350.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Alex Ko sold 40,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $18.92, for a total value of $756,800.00. Following the sale, the chief financial officer now owns 10,088 shares of the company’s stock, valued at $190,864.96. The disclosure for this sale can be found here. Insiders sold a total of 121,981 shares of company stock valued at $2,303,614 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Hope Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hope Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.