On November 6, 2024, Thomas Stenger, SEVP, Chief Risk Officer of Hope Bancorp Inc (HOPE, Financial), executed a sale of 1,250 shares of the company at a price of $12.5 per share. This transaction was filed with the SEC and can be found in detail in the SEC Filing. Following this transaction, the insider now directly owns 24,702 shares of Hope Bancorp Inc.
Hope Bancorp Inc operates as the bank holding company for Bank of Hope, providing banking services mainly in the United States. The company offers commercial, small business, and consumer banking services and products, including loans and deposit products.
Over the past year, Thomas Stenger has sold a total of 5,950 shares of the company and has not made any purchases. The insider transaction history for Hope Bancorp Inc shows a trend with 0 insider buys and 8 insider sells over the past year.
Shares of Hope Bancorp Inc were trading at $12.5 on the day of the sale, giving the company a market cap of approximately $1.63 billion. The price-earnings ratio of the stock is 16.09, which is above the industry median of 10.67.
The stock's valuation metrics show a GF Value of $10.27, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 1.22.
The GF Value is calculated considering historical trading multiples such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
