Hope Bancorp Inc
NASDAQ:HOPE
During the last 3 months Hope Bancorp Inc insiders have not bought any shares, and sold 49.5k USD worth of shares. The stock price has dropped by 15% over this period (open performance analysis).
The last transaction was made on
Jan 30, 2025
by
Stenger Thomas
(Senior Executive Vice President and Chief Risk Officer)
, who
sold
49.5k USD
worth of HOPE shares.
During the last 3 months Hope Bancorp Inc insiders have not bought any shares, and sold 49.5k USD worth of shares. The stock price has dropped by 15% over this period (open performance analysis).
The last transaction was made on
Jan 30, 2025
by
Stenger Thomas
(Senior Executive Vice President and Chief Risk Officer)
, who
sold
49.5k USD
worth of HOPE shares.
Hope Bancorp Inc
Glance View
Hope Bancorp Inc. is a fascinating player in the financial industry, known for its storied roots in the Korean-American community. Founded in 1986 and headquartered in Los Angeles, California, the bank was originally established to serve the financial needs of Korean immigrants. Over the years, it has grown into one of the largest Korean-American banks in the United States, providing a wide range of financial services. Hope Bancorp operates primarily through its subsidiary, Bank of Hope, recognized for its commitment to its core markets in California, New York, and New Jersey. This bank caters to personal banking needs while offering commercial loans, mortgages, and Small Business Administration (SBA) loans, deftly balancing the needs of individual consumers and small to medium-sized enterprises. The business model of Hope Bancorp revolves around a traditional banking structure, where its profitability is primarily derived from the interest margins between deposits and loans. Avidly tapping into its strong community ties, Hope Bancorp attracts deposits, which it then uses to fund loans, seeking to maintain a healthy balance sheet while fostering economic growth within its service areas. Additional revenue streams come from various banking services, including treasury management and foreign exchange services, particularly valuable to clients operating internationally. By leveraging its deep understanding of niche markets and focusing on fostering relationships with its community, Hope Bancorp stands as a testament to the power of culturally-attuned banking in a competitive industry.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.
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