Hope Bancorp Inc (NASDAQ:HOPE)’s stock price rose 2.5% during trading on Wednesday . The stock traded as high as $8.01 and last traded at $8.19, approximately 35,342 shares were traded during trading. A decline of 97% from the average daily volume of 1,336,013 shares. The stock had previously closed at $7.99.
HOPE has been the topic of several research reports. TheStreet lowered shares of Hope Bancorp from a “b-” rating to a “c+” rating in a research note on Tuesday, March 3rd. ValuEngine raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Zacks Investment Research cut shares of Hope Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.
The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $993.09 million, a PE ratio of 6.13 and a beta of 1.52. The firm’s fifty day simple moving average is $11.68 and its 200-day simple moving average is $13.80.
Institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new position in Hope Bancorp in the fourth quarter worth about $32,000. Quantbot Technologies LP purchased a new position in shares of Hope Bancorp during the fourth quarter valued at approximately $46,000. SG Americas Securities LLC purchased a new position in shares of Hope Bancorp during the fourth quarter valued at approximately $140,000. First Republic Investment Management Inc. purchased a new position in shares of Hope Bancorp during the fourth quarter valued at approximately $154,000. Finally, Amundi Pioneer Asset Management Inc. purchased a new position in shares of Hope Bancorp during the first quarter valued at approximately $140,000. 88.29% of the stock is owned by institutional investors and hedge funds.
About Hope Bancorp (NASDAQ:HOPE)
Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.
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