Piper Sandler Remains a Hold on Hope Bancorp (HOPE)
Piper Sandler analyst Matthew Clark maintained a Hold rating on Hope Bancorp today and set a price target of $12.00.
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Clark covers the Financial sector, focusing on stocks such as Columbia Banking System, First Interstate Bancsystem, and Banc of California. According to TipRanks, Clark has an average return of 10.8% and a 64.91% success rate on recommended stocks.
In a report released on December 9, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $12.00 price target.
Based on Hope Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $254.68 million and a net profit of $34.06 million. In comparison, last year the company earned a revenue of $246.92 million and had a net profit of $24.16 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HOPE in relation to earlier this year. Earlier this month, David P Malone, a Director at HOPE sold 20,820.00 shares for a total of $239,430.00.
