Hope Bancorp Stock Price, News & Analysis (NASDAQ:HOPE)

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" HOPE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HOPE, but not buy additional shares or sell existing shares.
View HOPE analyst ratings or view top-rated stocks.

3 brokers have issued 1-year target prices for Hope Bancorp's stock. Their HOPE share price targets range from $9.00 to $11.00. On average, they predict the company's stock price to reach $10.33 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price.
View analysts price targets for HOPE or view top-rated stocks among Wall Street analysts.

Hope Bancorp's stock was trading at $12.81 on January 1st, 2023. Since then, HOPE shares have decreased by 19.5% and is now trading at $10.31.
View the best growth stocks for 2023 here.

Hope Bancorp saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 1,600,000 shares, an increase of 11.1% from the October 31st total of 1,440,000 shares. Based on an average trading volume of 718,300 shares, the short-interest ratio is presently 2.2 days. Currently, 1.4% of the shares of the company are short sold.
View Hope Bancorp's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 22nd 2024.
View our HOPE earnings forecast.

Hope Bancorp, Inc. (NASDAQ:HOPE) issued its quarterly earnings data on Monday, October, 23rd. The financial services provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The financial services provider earned $143.70 million during the quarter, compared to analysts' expectations of $138.18 million. Hope Bancorp had a net margin of 15.07% and a trailing twelve-month return on equity of 7.77%. The firm's revenue for the quarter was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share.

Hope Bancorp announced a quarterly dividend on Monday, October 23rd. Shareholders of record on Thursday, November 2nd will be given a dividend of $0.14 per share on Thursday, November 16th. This represents a $0.56 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date is Wednesday, November 1st.
Read our dividend analysis for HOPE.

Hope Bancorp (NASDAQ:HOPE) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.80%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HOPE will have a dividend payout ratio of 45.53% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HOPE.

ETFs with the largest weight of Hope Bancorp (NASDAQ:HOPE) stock in their portfolio include VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco KBW Regional Banking ETF (KBWR), First Trust Small Cap Value AlphaDEX Fund (FYT), WBI Power Factor High Dividend ETF (WBIY), Royce Quant Small-Cap Quality Value ETF (SQLV) and First Trust Small Cap Core AlphaDEX Fund (FYX).Inspire Small/Mid Cap ETF (ISMD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Hope Bancorp investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Athabasca Oil (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Apollo Commercial Real Estate Finance (ARI), Transocean (RIG) and Express (EXPR).

Hope Bancorp's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Fuller & Thaler Asset Management Inc. (7.30%), LSV Asset Management (2.29%), Morgan Stanley (1.79%), Charles Schwab Investment Management Inc. (1.44%), Bank of New York Mellon Corp (1.41%) and Northern Trust Corp (1.07%). Insiders that own company stock include Dale S Zuehls, Thomas Stenger and William J Lewis.
View institutional ownership trends.

Shares of HOPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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