Hope Bancorp Inc. (HOPE) Becoming More Attractive for Investors


Hope Bancorp Inc.’s filing revealed that its SEVP, Chief Risk Officer Stenger Thomas unloaded Company’s shares for reported $31432.0 on Jun 06. In the deal valued at $9.20 per share,3,418 shares were sold. As a result of this transaction, Stenger Thomas now holds 35,200 shares worth roughly $ 0.35 million.

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Then, Zuehls Dale S. bought 98 shares, generating $801 in total proceeds. Upon buying the shares at $8.18, the Director now owns 35,101 shares.

Before that, Zuehls Dale S. bought 12,402 shares. Hope Bancorp Inc. shares valued at $100,332 were divested by the Director at a price of $8.09 per share. As a result of the transaction, Zuehls Dale S. now holds 35,003 shares, worth roughly $0.35 million.

DA Davidson downgraded its Hope Bancorp Inc. [HOPE] rating to a Neutral from a a Buy in a research note published on Friday, May 18, 2022; the price target was decreased to $16 from $20. PT values the company’s stock at a premium of 38.25 to its Friday closing price.

Price Performance Review of HOPE

On Friday, Hope Bancorp Inc. [NASDAQ:HOPE] saw its stock jump 2.17% to $9.88. On the same session, the stock had its day’s lowest price of $9.77, but rose to a high of $9.965. Over the last five days, the stock has gained 4.77%. Hope Bancorp Inc. shares have fallen nearly -22.87% since the year began. Nevertheless, the stocks have fallen -31.72% over the past one year. While a 52-week high of $14.81 was reached on 02/03/23, a 52-week low of $7.42 was recorded on 05/04/23. SMA at 50 days reached $9.57, while 200 days put it at $10.76. A total of 0.64 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For HOPE Stock

The 24-hour chart illustrates a support level at 9.78, which if violated will result in even more drops to 9.68. On the upside, there is a resistance level at 9.97. A further resistance level may holdings at 10.07. The Relative Strength Index (RSI) on the 14-day chart is 52.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.78%. Stochastics %K at 52.38% indicates the stock is a holding.

How much short interest is there in Hope Bancorp Inc.?

A steep rise in short interest was recorded in Hope Bancorp Inc. stocks on Aug 14, 2023, growing by 0.32 million shares to a total of 2.98 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.66 million shares. There was a rise of 10.74%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.23.

Hope Bancorp Inc. [HOPE] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 16,502,779 shares, or roughly 13.76% of the outstanding HOPE shares. In other words, the investor’s shares have fallen by -34,652 from its previous 13-F filing of 16537431.0. Additionally, The Vanguard Group, Inc. decreased -3.83% of its stake after which the total value it holdings stand at $144,986,093. Over the last quarter, Dimensional Fund Advisors LP sold -1,440,918 shares of Hope Bancorp Inc., while SSgA Funds Management, Inc. sold -24,880 shares. At present, Macquarie Investment Management B is holding 4,974,433 shares valued at $54.02 million. LSV Asset Management owned 2,822,900 shares of the company at the time of its most recent 13F filing, worth $30.66 million.


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