Wedbush Sticks to Their Hold Rating for Hope Bancorp (HOPE)

Wedbush analyst David Chiaverini maintained a Hold rating on Hope Bancorp (HOPEResearch Report) today and set a price target of $16.00. The company’s shares closed last Tuesday at $14.45.

According to TipRanks.com, Chiaverini is a 4-star analyst with an average return of 7.6% and a 43.5% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp, Valley National Bancorp, and Cathay General Bancorp.

The word on The Street in general, suggests a Hold analyst consensus rating for Hope Bancorp with a $16.00 average price target.

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The company has a one-year high of $17.68 and a one-year low of $12.48. Currently, Hope Bancorp has an average volume of 912.2K.

Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HOPE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Hope Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Bank of Hope. It offers core business banking products for small and medium-sized businesses and individuals. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card, and mortgage loans. The company was founded in February 2000 and is headquartered in Los Angeles, CA.

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