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 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.

1 brokers have issued 1 year price objectives for Hope Bancorp's shares. Their HOPE share price forecasts range from $12.00 to $16.00. On average, they expect the company's share price to reach $14.25 in the next twelve months. This suggests a possible upside of 62.5% 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 at the beginning of the year. Since then, HOPE stock has decreased by 31.5% and is now trading at $8.77.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 18th 2023.
View our HOPE earnings forecast.

Hope Bancorp, Inc. (NASDAQ:HOPE) posted its earnings results on Tuesday, January, 24th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by $0.02. The financial services provider earned $236.35 million during the quarter, compared to analyst estimates of $168.70 million. Hope Bancorp had a trailing twelve-month return on equity of 9.77% and a net margin of 22.90%. During the same quarter in the prior year, the business posted $0.43 EPS.

Hope Bancorp announced a quarterly dividend on Monday, April 24th. Investors of record on Thursday, May 4th will be paid a dividend of $0.14 per share on Thursday, May 18th. This represents a $0.56 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Wednesday, May 3rd.
Read our dividend analysis for HOPE.

ETFs with the largest weight of Hope Bancorp (NASDAQ:HOPE) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Invesco KBW Regional Banking ETF (KBWR), ETC 6 Meridian Small Cap Equity ETF (SIXS), 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) and Invesco S&P SmallCap Financials ETF (PSCF).

Hope Bancorp (NASDAQ:HOPE) pays an annual dividend of $0.56 per share and currently has a dividend yield of 6.90%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 34.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HOPE will have a dividend payout ratio of 41.18% 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 BlackRock Inc. (14.74%), Dimensional Fund Advisors LP (7.96%), State Street Corp (5.23%), Macquarie Group Ltd. (4.29%), Macquarie Group Ltd. (4.29%) and LSV Asset Management (2.42%). Insiders that own company stock include Dale S Zuehls, 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.
Compare Top Brokerages Here.

One share of HOPE stock can currently be purchased for approximately $8.77.

Hope Bancorp (NASDAQ:HOPE) has a market capitalization of $1.05 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 $1.64 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.