Hope Bancorp - HOPE Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. 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.

1 brokers have issued 12-month price objectives for Hope Bancorp's stock. Their HOPE share price forecasts range from $14.00 to $16.00. On average, they predict the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 51.5% 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 22.7% and is now trading at $9.90.
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The company is scheduled to release its next quarterly earnings announcement on Monday, April 17th 2023.
View our HOPE earnings forecast.

Hope Bancorp, Inc. (NASDAQ:HOPE) posted its quarterly earnings data on Tuesday, January, 24th. The financial services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.45 by $0.02. The financial services provider had revenue of $236.35 million for the quarter, compared to analyst estimates of $168.70 million. Hope Bancorp had a trailing twelve-month return on equity of 10.86% and a net margin of 28.44%. During the same quarter in the previous year, the firm posted $0.43 EPS.

Hope Bancorp declared a quarterly dividend on Monday, January 23rd. Investors of record on Thursday, February 2nd will be paid a dividend of $0.14 per share on Thursday, February 16th. This represents a $0.56 annualized dividend and a yield of 5.66%. The ex-dividend date of this dividend is Wednesday, February 1st.
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), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco KBW Regional Banking ETF (KBWR), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Value with Momentum ETF (XSVM), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF) and First Trust Small Cap Value AlphaDEX Fund (FYT).

Hope Bancorp (NASDAQ:HOPE) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.22%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 35.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HOPE.

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

Hope Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.91%), Fuller & Thaler Asset Management Inc. (6.92%), Macquarie Group Ltd. (4.29%), Pzena Investment Management LLC (2.74%), LSV Asset Management (2.55%) and Geode Capital Management LLC (1.89%). Insiders that own company stock include Steven Koh, 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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One share of HOPE stock can currently be purchased for approximately $9.90.

Hope Bancorp (NASDAQ:HOPE) has a market capitalization of $1.18 billion and generates $767.51 million in revenue each year. The financial services provider earns $218.28 million in net income (profit) each year or $1.81 on an earnings per share basis.

The company employs 1,549 workers across the globe.

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.