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NASDAQ:HOPE

Hope Bancorp (HOPE) Stock Price, News & Analysis

$11.02
+0.12 (+1.10%)
(As of 12:16 PM ET)
Today's Range
$10.88
$11.13
50-Day Range
$10.61
$12.41
52-Week Range
$7.42
$12.94
Volume
148,587 shs
Average Volume
728,198 shs
Market Capitalization
$1.32 billion
P/E Ratio
9.84
Dividend Yield
5.08%
Price Target
$11.33

Hope Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.8% Upside
$11.33 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.41
Upright™ Environmental Score
News Sentiment
0.13mentions of Hope Bancorp in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$18,285 Sold Last Quarter
Proj. Earnings Growth
22.02%
From $1.09 to $1.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.40 out of 5 stars

Finance Sector

210th out of 864 stocks

National Commercial Banks Industry

27th out of 87 stocks


HOPE stock logo

About Hope Bancorp Stock (NASDAQ:HOPE)

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services for small and medium-sized businesses, and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. Its loan products include commercial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, and other business-related financing needs; real estate loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, auto, credit card, and personal loans. The company also offers warehouse lines of credit to mortgage loan originators; and commercial equipment lease financing. In addition, it provides cash management services, such as remote deposit capture, lock box, and ACH origination services; investment and wealth management services; mobile banking services; debit card services; foreign exchanges services, safe deposit boxes, and other customary bank services; internet banking services; and automated teller machine services. The company was founded in 1986 and is headquartered in Los Angeles, California.

HOPE Stock Price History

HOPE Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Hope Breakfast Bar coming to Edina, Woodbury
Raised in the West Bank, Shot in Vermont
Exclusive: Top Colorado bank names new CEO
See More Headlines
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Company Calendar

Last Earnings
1/30/2024
Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Today
3/04/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HOPE
CUSIP
07329510
Employees
1,549
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.33
High Stock Price Target
$12.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$133.67 million
Pretax Margin
16.25%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$1.34 per share
Book Value
$17.66 per share

Miscellaneous

Free Float
114,062,000
Market Cap
$1.31 billion
Optionable
Optionable
Beta
1.13
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Key Executives

  • Mr. Kevin Sung Kim J.D. (Age 66)
    Chairman, President & CEO
    Comp: $2.13M
  • Mr. Peter J. Koh (Age 47)
    Senior EVP & COO
    Comp: $511.89k
  • Ms. Kyu S. Kim (Age 63)
    Senior EVP & Regional President of Eastern Region-Bank of Hope
    Comp: $541.04k
  • Mr. Thomas P. StengerMr. Thomas P. Stenger (Age 65)
    Senior Executive VP & Chief Risk Officer
    Comp: $652.17k
  • Ms. Julianna Balicka (Age 46)
    Executive VP & CFO
  • Mr. Daniel H. Kim (Age 56)
    Executive VP and Chief Strategy & Administrative Officer
  • Ms. Angie Yang
    Senior VP and Director of IR & Corporate Communications
  • Ms. Angelee J. Harris (Age 54)
    Executive VP, General Counsel & Corporate Secretary
  • Mr. Jason K. Kim (Age 57)
    Senior EVP & President of Western Regional of Bank of Hope
    Comp: $343.35k
  • Mr. Andy Chan
    Executive VP & Chief Internal Audit Executive














HOPE Stock Analysis - Frequently Asked Questions

Should I buy or sell Hope Bancorp stock right now?

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.

What is Hope Bancorp's stock price target for 2024?

3 brokers have issued 12 month price objectives for Hope Bancorp's shares. Their HOPE share price targets range from $11.00 to $12.00. On average, they predict the company's stock price to reach $11.33 in the next year. This suggests a possible upside of 2.8% from the stock's current price.
View analysts price targets for HOPE
or view top-rated stocks among Wall Street analysts.

How have HOPE shares performed in 2024?

Hope Bancorp's stock was trading at $12.08 at the beginning of the year. Since then, HOPE shares have decreased by 8.8% and is now trading at $11.02.
View the best growth stocks for 2024 here
.

Are investors shorting Hope Bancorp?

Hope Bancorp saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 1,930,000 shares, an increase of 63.6% from the January 31st total of 1,180,000 shares. Based on an average trading volume of 796,600 shares, the short-interest ratio is currently 2.4 days. Approximately 1.7% of the shares of the company are short sold.
View Hope Bancorp's Short Interest
.

When is Hope Bancorp's next earnings date?

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

How were Hope Bancorp's earnings last quarter?

Hope Bancorp, Inc. (NASDAQ:HOPE) posted its quarterly earnings results on Tuesday, January, 30th. The financial services provider reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.03. The financial services provider earned $135.20 million during the quarter, compared to the consensus estimate of $138.47 million. Hope Bancorp had a trailing twelve-month return on equity of 7.03% and a net margin of 12.19%. During the same quarter in the previous year, the firm earned $0.43 earnings per share.

How often does Hope Bancorp pay dividends? What is the dividend yield for Hope Bancorp?

Hope Bancorp announced a quarterly dividend on Tuesday, January 30th. Stockholders of record on Friday, February 9th will be given a dividend of $0.14 per share on Friday, February 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Thursday, February 8th.
Read our dividend analysis for HOPE
.

Is Hope Bancorp a good dividend stock?

Hope Bancorp (NASDAQ:HOPE) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.14%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HOPE will have a dividend payout ratio of 42.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HOPE.

What other stocks do shareholders of Hope Bancorp own?
Who are Hope Bancorp's major shareholders?

Hope Bancorp's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.43%), Dimensional Fund Advisors LP (5.64%), LSV Asset Management (2.16%), Charles Schwab Investment Management Inc. (1.54%), Northern Trust Corp (1.11%) and Boston Partners (0.98%). Insiders that own company stock include Dale S Zuehls, Thomas Stenger and William J Lewis.
View institutional ownership trends
.

How do I buy shares of Hope Bancorp?

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

This page (NASDAQ:HOPE) was last updated on 3/4/2024 by MarketBeat.com Staff