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D.A. Davidson Sticks to Their Buy Rating for Hope Bancorp (HOPE)

Tipranks - Thu Jan 29, 7:44AM CST

In a report released today, from D.A. Davidson maintained a Buy rating on Hope Bancorp, with a price target of $14.50.

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In addition to D.A. Davidson, Hope Bancorp also received a Buy from TipRanks – Google’s Google Banks – Regional in a report issued yesterday. However, today, KBW maintained a Hold rating on Hope Bancorp (NASDAQ: HOPE).

Based on Hope Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $260.17 million and a net profit of $30.84 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. Last month, David P Malone, a Director at HOPE sold 20,820.00 shares for a total of $239,430.00.

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