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NASDAQ:HOPE

Hope Bancorp - HOPE Stock Forecast, Price & News

$15.40
-0.01 (-0.06%)
(As of 08/15/2022 12:11 PM ET)
Add
Compare
Today's Range
$15.19
$15.40
50-Day Range
$13.48
$15.41
52-Week Range
$13.00
$17.68
Volume
7,794 shs
Average Volume
856,581 shs
Market Capitalization
$1.84 billion
P/E Ratio
8.51
Dividend Yield
3.63%
Price Target
$16.00

Hope Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
4.2% 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
0.40mentions of Hope Bancorp in the last 14 days
Based on 25 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

709th out of 931 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.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HOPE. Piper Sandler lowered their price target on Hope Bancorp to $16.00 in a report on Monday, July 4th. DA Davidson downgraded Hope Bancorp from a "buy" rating to a "neutral" rating and lowered their price target for the company from $20.00 to $16.00 in a report on Wednesday, May 18th. Wedbush boosted their price target on Hope Bancorp to $16.00 in a report on Friday, July 22nd. Finally, StockNews.com upgraded Hope Bancorp from a "hold" rating to a "buy" rating in a report on Thursday, June 23rd.

Hope Bancorp Trading Up 0.9 %

NASDAQ:HOPE opened at $15.41 on Monday. Hope Bancorp has a 12-month low of $13.00 and a 12-month high of $17.68. The firm has a market capitalization of $1.84 billion, a P/E ratio of 8.51 and a beta of 1.25. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.98 and a quick ratio of 0.97. The business has a 50 day simple moving average of $14.32 and a 200 day simple moving average of $15.24.

Hope Bancorp (NASDAQ:HOPE - Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Hope Bancorp had a return on equity of 10.72% and a net margin of 34.35%. The business had revenue of $154.28 million during the quarter, compared to analyst estimates of $150.08 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business's revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts predict that Hope Bancorp will post 1.85 EPS for the current year.

Hope Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.56 dividend on an annualized basis and a yield of 3.63%. Hope Bancorp's dividend payout ratio (DPR) is presently 30.94%.

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HOPE Stock News Headlines

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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
8/15/2022
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
+3.9%
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
$1.92 per share
Book Value
$17.41 per share

Miscellaneous

Free Float
113,442,000
Market Cap
$1.84 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. 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 equities 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 equities 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 brokerages 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 stock price to reach $16.00 in the next twelve months. This suggests a possible upside of 3.8% 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 2022?

Hope Bancorp's stock was trading at $14.71 on January 1st, 2022. Since then, HOPE stock has increased by 4.8% and is now trading at $15.41.
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) issued its quarterly earnings data on Tuesday, July, 19th. The financial services provider reported $0.43 EPS for the quarter, topping 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 net margin of 34.35% and a trailing twelve-month return on equity of 10.72%. The company's revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $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. Investors 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 3.63%. 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 3.63%. 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 variety of institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (2.78%), JPMorgan Chase & Co. (1.43%), Victory Capital Management Inc. (1.12%), Northern Trust Corp (1.11%), FMR LLC (0.72%) and Principal Financial Group Inc. (0.71%). 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 $15.41.

How much money does Hope Bancorp make?

Hope Bancorp (NASDAQ:HOPE) has a market capitalization of $1.84 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 8/15/2022 by MarketBeat.com Staff

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