On December 5, 2024, Thomas Stenger, Senior Executive Vice President and Chief Risk Officer at Hope Bancorp Inc, sold 1,250 shares of the company. Following this transaction, the insider now owns 23,452 shares of Hope Bancorp Inc.
Hope Bancorp Inc (HOPE, Financial) is a financial holding company that provides a wide range of commercial and retail banking services to small- to medium-sized businesses and individuals. The company operates through its subsidiary, Bank of Hope, which offers deposit products, loans, and other financial services.
The insider transaction history for Hope Bancorp Inc indicates that there have been no insider buys over the past year, while there have been 12 insider sells during the same period. Over the past year, Thomas Stenger has sold a total of 7,200 shares and has not purchased any shares.
On the day of the recent sale, shares of Hope Bancorp Inc were trading at $13.58 each, giving the stock a market cap of $1.627 billion. The company's price-earnings ratio stands at 16.05, which is higher than the industry median of 10.88 and also higher than the company's historical median price-earnings ratio.
With a trading price of $13.58 and a GuruFocus Value of $10.09, Hope Bancorp Inc has a price-to-GF-Value ratio of 1.35. This suggests that the stock is significantly overvalued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated using historical multiples such as 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 estimates of business performance 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.
