NASDAQ:HOPE

Hope Bancorp Stock Forecast, Price & News

$12.12

-0.17 (-1.38 %)

(As of 01/26/2021 12:00 AM ET)

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Today's Range

$12.11

Now: $12.12▼

$12.53

50-Day Range

$10.26

MA: $11.37▼

$12.61

52-Week Range

$7.03

Now: $12.12▼

$14.61

Volume542,017 shs

Average Volume710,563 shs

Market Capitalization$1.49 billion

P/E Ratio11.88

Dividend Yield4.56%

Beta1.66

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts. It also provides commercial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, and other business related financing needs; commercial real estate loans; small business administration (SBA) loans; and consumer loans, such as auto, home equity, single-family mortgage, and signature loans. In addition, the company offers trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; commercial equipment lease financing; and warehouse lines of credit to mortgage loan originators. Further, it provides cash management services, such as remote deposit capture, lock box, and ACH origination services; investment and wealth management services; mobile banking; debit and credit card services; foreign exchanges services, safe deposit boxes, and other customary bank services; Internet banking and bill-pay services; and automated teller machine services. As of December 31, 2019, Hope Bancorp, Inc. operated 58 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama; SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, New York City, Northern California, and Houston; a commercial loan production office in Northern California and Seattle; residential mortgage loan production offices in California; and a representative office in Seoul, Korea. The company was formerly known as BBCN Bancorp, Inc. and changed its name to Hope Bancorp, Inc. in August 2016. Hope Bancorp, Inc. was incorporated in 2000 and is headquartered in Los Angeles, California.

MarketRank^™

Overall MarketRank^™

2.33 out of 5 stars

Finance Sector

82nd out of 1,936 stocks

National Commercial Banks Industry

17th out of 164 stocks

1.0 Analyst's Opinion

Consensus Rating
Hope Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $8.00, Hope Bancorp has a forecasted downside of 34.0% from its current price of $12.12.
Amount of Analyst Coverage
Hope Bancorp has received no research coverage in the past 90 days.

1.9 Community Rank

Outperform Votes
Hope Bancorp has received 250 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Hope Bancorp has received 420 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Hope Bancorp has received 62.69% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Hope Bancorp and other stocks. Vote “Outperform” if you believe HOPE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HOPE will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Hope Bancorp is a leading dividend payer. It pays a dividend yield of 4.56%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hope Bancorp has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Hope Bancorp is 41.48%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Hope Bancorp will have a dividend payout ratio of 51.38% next year. This indicates that Hope Bancorp will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hope Bancorp insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.59% of the stock of Hope Bancorp is held by insiders.
Percentage Held by Institutions
82.74% of the stock of Hope Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.8 Earnings and Valuation

Earnings Growth
Earnings for Hope Bancorp are expected to grow by 18.48% in the coming year, from $0.92 to $1.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hope Bancorp is 11.88, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hope Bancorp is 11.88, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.04.
Price to Book Value per Share Ratio
Hope Bancorp has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:HOPE

Previous Symbol

CUSIP07329510

CIK1128361

Webwww.bankofhope.com

Phone213-639-1700

Employees1,441

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.25

Current Ratio0.97

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio11.88

Forward P/E Ratio13.17

P/E GrowthN/A

Sales & Book Value

Annual Sales$734.47 million

Price / Sales2.03

Cash Flow$1.35 per share

Price / Cash Flow8.95

Book Value$16.07 per share

Price / Book0.75

Profitability

EPS (Most Recent Fiscal Year)$1.35

Net Income$171.04 million

Net Margins18.62%

Return on Equity6.21%

Return on Assets0.77%

Miscellaneous

Outstanding Shares123,261,000

Market Cap$1.49 billion

Next Earnings DateN/A

OptionableOptionable

$12.12

-0.17 (-1.38 %)

(As of 01/26/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Hope Bancorp (NASDAQ:HOPE) Frequently Asked Questions

How has Hope Bancorp's stock been impacted by Coronavirus?

Hope Bancorp's stock was trading at $9.75 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, HOPE shares have increased by 24.3% and is now trading at $12.12.
View which stocks have been most impacted by COVID-19.

Is Hope Bancorp a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Hope Bancorp stock. 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 analyst ratings for Hope Bancorp or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Hope Bancorp?

Wall Street analysts have given Hope Bancorp a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Hope Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

How were Hope Bancorp's earnings last quarter?

Hope Bancorp, Inc. (NASDAQ:HOPE) released its quarterly earnings results on Tuesday, January, 26th. The financial services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.02. Hope Bancorp had a net margin of 18.62% and a trailing twelve-month return on equity of 6.21%. During the same period in the previous year, the business earned $0.34 EPS.
View Hope Bancorp's earnings history.

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

Hope Bancorp announced a quarterly dividend on Tuesday, October 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.14 per share on Friday, November 13th. This represents a $0.56 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date is Thursday, October 29th.
View Hope Bancorp's dividend history.

Is Hope Bancorp a good dividend stock?

Hope Bancorp pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.56%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Hope Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of Hope Bancorp is 41.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hope Bancorp will have a dividend payout ratio of 51.38% next year. This indicates that Hope Bancorp will be able to sustain or increase its dividend.
View Hope Bancorp's dividend history.

What price target have analysts set for HOPE?

2 Wall Street analysts have issued 12-month price objectives for Hope Bancorp's shares. Their forecasts range from $8.00 to $8.00. On average, they anticipate Hope Bancorp's share price to reach $8.00 in the next twelve months. This suggests that the stock has a possible downside of 34.0%.
View analysts' price targets for Hope Bancorp or view Wall Street analyst' top-rated stocks.

Who are some of Hope Bancorp's key competitors?

Some companies that are related to Hope Bancorp include Truist Financial (TFC), The PNC Financial Services Group (PNC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Commerce Bancshares (CBSH), First Horizon (FHN), Zions Bancorporation, National Association (ZION) and Western Alliance Bancorporation (WAL).
View all of HOPE's competitors.

What other stocks do shareholders of Hope Bancorp own?

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 Co. (ATH.TO) (ATH), NIC (EGOV), Aegean Marine Petroleum Network (ANW), Apollo Commercial Real Estate Finance (ARI), Transocean (RIG) and Express (EXPR).

Who are Hope Bancorp's key executives?

Hope Bancorp's management team includes the following people:

Mr. Kevin Sung Kim J.D., Chairman, Pres & CEO (Age 62, Pay $1.6M)
Mr. Alex Ko, Exec. VP & CFO (Age 53, Pay $471.66k)
Ms. Kyu S. Kim, Sr. EVP & Regional Pres of Eastern Region-Bank of Hope (Age 59, Pay $495.59k)
Mr. Thomas P. Stenger, Exec. VP & Chief Risk Officer (Age 61, Pay $586.67k)
Ms. Angie Yang, Sr. VP and Director of IR & Corp. Communications
Ms. Lisa Kim Pai, Exec. VP & Gen. Counsel (Age 60)
Mr. Peter Koh, Exec. VP & Chief Credit Officer - Bank of Hope (Age 43)
Ms. Catherine Suh, VP of Eastern Region
Mr. Jason K. Kim, EVP & Chief Commercial Banking Officer of Bank of Hope (Age 53)
Mr. David W. Kim J.D., Exec. VP & Chief Retail Banking Officer - Bank of Hope (Age 54)

What is Hope Bancorp's stock symbol?

Hope Bancorp trades on the NASDAQ under the ticker symbol "HOPE."

Who are Hope Bancorp's major shareholders?

Hope Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include Smith Graham & Co. Investment Advisors LP (0.65%), New York State Teachers Retirement System (0.27%), State of Alaska Department of Revenue (0.08%), Strs Ohio (0.07%), Exchange Traded Concepts LLC (0.05%) and Nisa Investment Advisors LLC (0.00%). Company insiders that own Hope Bancorp stock include Alex Ko, Chung Hyun Lee, Jason K Kim, Peter Koh, Steven Koh and William J Lewis.
View institutional ownership trends for Hope Bancorp.

Which institutional investors are selling Hope Bancorp stock?

HOPE stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Smith Graham & Co. Investment Advisors LP, New York State Teachers Retirement System, and Strs Ohio.
View insider buying and selling activity for Hope Bancorp or view top insider-selling stocks.

Which institutional investors are buying Hope Bancorp stock?

HOPE stock was bought by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC, and Nisa Investment Advisors LLC.
View insider buying and selling activity for Hope Bancorp or or view top insider-buying stocks.

How do I buy shares of Hope Bancorp?

Shares of HOPE 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.

What is Hope Bancorp's stock price today?

One share of HOPE stock can currently be purchased for approximately $12.12.

How big of a company is Hope Bancorp?

Hope Bancorp has a market capitalization of $1.49 billion and generates $734.47 million in revenue each year. The financial services provider earns $171.04 million in net income (profit) each year or $1.35 on an earnings per share basis. Hope Bancorp employs 1,441 workers across the globe.

What is Hope Bancorp's official website?

The official website for Hope Bancorp is www.bankofhope.com.

How can I contact Hope Bancorp?

Hope Bancorp's mailing address is 3200 WILSHIRE BLVD SUITE 1400, LOS ANGELES CA, 90010. The financial services provider can be reached via phone at 213-639-1700 or via email at [email protected]

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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