In a filing, Hope Bancorp Inc. revealed its Director LEWIS WILLIAM J unloaded Company’s shares for reported $0.11 million on Sep 13. In the deal valued at $14.23 per share,7,500 shares were sold. As a result of this transaction, LEWIS WILLIAM J now holds 17,601 shares worth roughly $ 0.23 million.
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DA Davidson downgraded its Hope Bancorp Inc. [HOPE] rating to a Neutral from a a Buy in a research note published on Tuesday, May 18, 2022; the price target was decreased to $16 from $20. PT values the company’s stock at a premium of 19.94 to its Tuesday closing price. A number of analysts have revised their coverage, including DA Davidson’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. Raymond James also remained covering HOPE and has decreased its forecast on November 02, 2017 with a “Mkt perform” recommendation from previously “an Outperform” rating. FIG Partners revised its rating on September 15, 2017. It rated HOPE as “a Market perform” which previously was an “an Outperform”.
Price Performance Review of HOPE
On Tuesday, Hope Bancorp Inc. [NASDAQ:HOPE] saw its stock fall -0.93% to $12.81. On the same session, the stock had its day’s lowest price of $12.77, but rose to a high of $12.9773. Over the last five days, the stock has lost -1.16%. Nevertheless, the stocks have fallen -23.80% over the past one year. While a 52-week high of $17.10 was reached on 02/03/23, a 52-week low of $12.06 was recorded on 01/25/23. SMA at 50 days reached $12.93, while 200 days put it at $13.74. A total of 0.76 million shares were traded, compared to the trading of 0.55 million shares in the previous session.
Levels Of Support And Resistance For HOPE Stock
The 24-hour chart illustrates a support level at 12.73, which if violated will result in even more drops to 12.65. On the upside, there is a resistance level at 12.93. A further resistance level may holdings at 13.06. The Relative Strength Index (RSI) on the 14-day chart is 43.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.66%. Stochastics %K at 16.22% indicates the stock is a buying.
How much short interest is there in Hope Bancorp Inc.?
A steep rise in short interest was recorded in Hope Bancorp Inc. stocks on Jan 12, 2023, growing by 30000.0 shares to a total of 3.79 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.76 million shares. There was a rise of 0.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.58% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.13.
Hope Bancorp Inc. [HOPE] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 16,403,546 shares, or roughly 13.73% of the outstanding HOPE shares. In other words, the investor’s shares have fallen by -76,233 from its previous 13-F filing of 16479779.0. Additionally, The Vanguard Group, Inc. increased 1.18% of its stake after which the total value it holdings stand at $179,561,180, while Dimensional Fund Advisors LP added 0.44% of its stake to hold $121.88 million in the firm. Over the last quarter, Fuller & Thaler Asset Management, purchased 1,206,357 shares of Hope Bancorp Inc., while SSgA Funds Management, Inc. bought 11,987 shares. At present, Macquarie Investment Management B is holding 5,128,355 shares valued at $66.1 million. Pzena Investment Management LLC owned 3,271,601 shares of the company at the time of its most recent 13F filing, worth $42.17 million.