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NASDAQ:HOPE

Hope Bancorp - HOPE Stock Forecast, Price & News

$15.60
+0.05 (+0.32%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$15.41
$15.64
50-Day Range
$13.48
$15.64
52-Week Range
$13.00
$17.68
Volume
321,686 shs
Average Volume
846,835 shs
Market Capitalization
$1.86 billion
P/E Ratio
8.62
Dividend Yield
3.60%
Price Target
$16.00

Hope Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.6% Upside
$16.00 Price Target
Short Interest
Bearish
3.36% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.41
Upright™ Environmental Score
News Sentiment
0.33mentions of Hope Bancorp in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
1.62%
From $1.85 to $1.88 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Finance Sector

690th out of 914 stocks

National Commercial Banks Industry

75th out of 88 stocks

HOPE stock logo

About Hope Bancorp (NASDAQ:HOPE) Stock

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. The company 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 trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; 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. As of December 31, 2021, the company operated 47 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, and Alabama; SBA loan production offices in Atlanta, Houston, Dallas, Denver, Portland, Seattle, Fremont, and Southern California; and a representative office in Seoul, Korea. Hope Bancorp, Inc. was incorporated in 2000 and is headquartered in Los Angeles, California.

Hope Bancorp Trading Up 0.3 %

NASDAQ:HOPE traded up $0.05 on Thursday, reaching $15.60. 321,686 shares of the company's stock were exchanged, compared to its average volume of 846,835. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 8.62 and a beta of 1.25. Hope Bancorp has a 52-week low of $13.00 and a 52-week high of $17.68. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.45. The business has a fifty day moving average of $14.40 and a 200-day moving average of $15.23.

Hope Bancorp (NASDAQ:HOPE - Get Rating) last released its earnings results on Tuesday, July 19th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. The company had revenue of $154.28 million for the quarter, compared to analyst estimates of $150.08 million. Hope Bancorp had a net margin of 34.35% and a return on equity of 10.72%. The firm's quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.43 EPS. As a group, analysts expect that Hope Bancorp will post 1.85 earnings per share for the current year.

Hope Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.56 annualized dividend and a yield of 3.59%. Hope Bancorp's payout ratio is 30.94%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HOPE. Wedbush raised their price objective on Hope Bancorp to $16.00 in a research report on Friday, July 22nd. StockNews.com upgraded shares of Hope Bancorp from a "hold" rating to a "buy" rating in a report on Thursday, June 23rd. Piper Sandler dropped their target price on shares of Hope Bancorp to $16.00 in a report on Monday, July 4th. Finally, DA Davidson cut Hope Bancorp from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $20.00 to $16.00 in a research note on Wednesday, May 18th.

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HOPE Stock News Headlines

Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
See More Headlines
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HOPE Company Calendar

Last Earnings
7/19/2022
Ex-Dividend for 8/12 Dividend
7/28/2022
Dividend Payable
8/12/2022
Today
8/18/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
Current Symbol
NASDAQ:HOPE
CUSIP
07329510
Employees
1,476
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$16.00
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+2.6%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$204.57 million
Pretax Margin
46.66%

Debt

Sales & Book Value

Annual Sales
$610.13 million
Cash Flow
$1.91 per share
Book Value
$16.74 per share

Miscellaneous

Free Float
113,442,000
Market Cap
$1.86 billion
Optionable
Optionable
Beta
1.25

Key Executives

  • Mr. Kevin Sung Kim J.D. (Age 64)
    Chairman, Pres & CEO
    Comp: $2.06M
  • Mr. Alex Ko (Age 55)
    Sr. EVP & CFO
    Comp: $530.2k
  • Ms. Kyu S. Kim (Age 61)
    Sr. EVP & Regional Pres of Eastern Region-Bank of Hope
    Comp: $526.96k
  • Mr. Thomas P. StengerMr. Thomas P. Stenger (Age 63)
    Exec. VP & Chief Risk Officer
    Comp: $598.19k
  • Mr. Peter J. Koh (Age 45)
    Sr. EVP & COO
  • Mr. Daniel H. Kim (Age 54)
    Exec. VP and Chief Strategy & Admin. Officer
  • Ms. Angie Yang
    Sr. VP and Director of IR & Corp. Communications
  • Ms. Angelee J. Harris (Age 52)
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Mr. Jason K. Kim (Age 55)
    Sr. EVP & Pres of Western Regional of Bank of Hope
  • Mr. Andy Chan
    Exec. VP & Chief Internal Audit Exec.













HOPE Stock - Frequently Asked Questions

Should I buy or sell Hope Bancorp stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last twelve months. There are currently 1 hold rating 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 forecast for 2022?

1 analysts have issued 1-year price targets for Hope Bancorp's stock. Their HOPE share price forecasts range from $16.00 to $16.00. On average, they expect the company's share price to reach $16.00 in the next twelve months. This suggests a possible upside of 2.6% 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 2022?

Hope Bancorp's stock was trading at $14.71 at the start of the year. Since then, HOPE stock has increased by 6.1% and is now trading at $15.60.
View the best growth stocks for 2022 here
.

When is Hope Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our HOPE earnings forecast
.

How were Hope Bancorp's earnings last quarter?

Hope Bancorp, Inc. (NASDAQ:HOPE) posted its quarterly earnings data on Tuesday, July, 19th. The financial services provider reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The financial services provider earned $154.28 million during the quarter, compared to analyst estimates of $150.08 million. Hope Bancorp had a trailing twelve-month return on equity of 10.72% and a net margin of 34.35%. The firm's revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business 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 Thursday, July 21st. Shareholders of record on Friday, July 29th will be given a dividend of $0.14 per share on Friday, August 12th. This represents a $0.56 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, July 28th.
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 3.60%. The dividend payout ratio is 30.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HOPE will have a dividend payout ratio of 29.79% 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?

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).

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 a number of retail and institutional investors. Top institutional investors include State Street Corp (5.78%), Macquarie Group Ltd. (3.03%), Pzena Investment Management LLC (2.78%), Goldman Sachs Group Inc. (1.93%), JPMorgan Chase & Co. (1.43%) and Victory Capital Management Inc. (1.12%). Insiders that own company stock include Chung Hyun Lee, Steven Koh, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hope Bancorp's stock price today?

One share of HOPE stock can currently be purchased for approximately $15.60.

How much money does Hope Bancorp make?

Hope Bancorp (NASDAQ:HOPE) has a market capitalization of $1.86 billion and generates $610.13 million in revenue each year. The financial services provider earns $204.57 million in net income (profit) each year or $1.81 on an earnings per share basis.

How many employees does Hope Bancorp have?

The company employs 1,476 workers across the globe.

How can I contact Hope Bancorp?

Hope Bancorp's mailing address is 3200 WILSHIRE BLVD SUITE 1400, LOS ANGELES CA, 90010. The official website for the company is www.bankofhope.com. The financial services provider can be reached via phone at (213) 639-1700, via email at angie.yang@bankofhope.com, or via fax at 213-235-3033.

This page (NASDAQ:HOPE) was last updated on 8/18/2022 by MarketBeat.com Staff

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