NASDAQ:HOPE

Hope Bancorp - HOPE Stock Forecast, Price & News

$12.64

0.00 (0.00%)

(As of 09/30/2022 09:01 PM ET)

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Today's Range: $12.48
▼
$12.82
50-Day Range: $12.64
▼
$15.64
52-Week Range: $12.48
▼
$17.68

Volume: 1.10 million shs
Average Volume: 839,700 shs
Market Capitalization: $1.51 billion

P/E Ratio: 6.98
Dividend Yield: 4.43%
Price Target: $15.67

Hope Bancorp MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 23.9% Upside
$15.67 Price Target
Short Interest: Bearish
2.89% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.41
Upright™ Environmental Score
News Sentiment: 0.41
Based on 34 Articles This Week
Insider Trading: Selling Shares
$106,725 Sold Last Quarter
Proj. Earnings Growth: -1.09%
From $1.84 to $1.82 Per Share

Overall MarketRank^™

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

2.27 out of 5 stars

Finance Sector

551st out of 923 stocks

National Commercial Banks Industry

56th out of 89 stocks

2.0

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, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.67, Hope Bancorp has a forecasted upside of 23.9% from its current price of $12.64.
Amount of Analyst Coverage
Hope Bancorp has received no research coverage in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
2.89% of the float of Hope Bancorp has been sold short.
Short Interest Ratio / Days to Cover
Hope Bancorp has a short interest ratio ("days to cover") of 4.6.
Change versus previous month
Short interest in Hope Bancorp has recently increased by 7.95%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Leadership
Hope Bancorp is a leading dividend payer. It pays a dividend yield of 4.43%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hope Bancorp does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Hope Bancorp is 30.94%. 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 30.77% next year. This indicates that Hope Bancorp will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Hope Bancorp has received a 33.53% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Retirement saving services", "Cash withdrawal services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Corporate debit cards", and "Home equity loans" products. See details.
Environmental Sustainability
The Environmental Impact score for Hope Bancorp is -0.41.

1.9

News and Social Media Coverage

News Sentiment
Hope Bancorp has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 34 news articles for Hope Bancorp this week, compared to 16 articles on an average week.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hope Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $106,725.00 in company stock.
Percentage Held by Insiders
Only 5.05% of the stock of Hope Bancorp is held by insiders.
Percentage Held by Institutions
86.82% of the stock of Hope Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Hope Bancorp are expected to decrease by -1.09% in the coming year, from $1.84 to $1.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hope Bancorp is 6.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.70.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hope Bancorp is 6.98, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 158.07.
Price to Book Value per Share Ratio
Hope Bancorp has a P/B Ratio of 0.73. 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

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.

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HOPE Stock News Headlines

October 2, 2022 | ft.com

US dealmakers hope strong dollar will alleviate M&A drop

October 1, 2022 | msn.com

“Really unfair”: Memphis-based bank settles discrimination allegations for $1.3M

September 30, 2022 | msn.com

Bank branches mostly opened in predominantly white neighborhoods, report finds

September 30, 2022 | msn.com

8 Common Bank Scams to Watch Out For

September 29, 2022 | msn.com

Blood Bank Calls for Donations to Support Hurricane Ian Victims in Florida, Southeast

September 29, 2022 | reuters.com

Colombia central bank hikes borrowing costs to 10%, raises 2022 GDP estimate

September 29, 2022 | msn.com

Evolve Bank & Trust reaches settlement with DOJ on lending discrimination allegations

September 29, 2022 | msn.com

Family owned coffeehouse makes plans for former bank building in Mokena

September 28, 2022 | msn.com

United Way Diaper Bank opens doors at new permanent location

September 28, 2022 | msn.com

Justice Dept. secures $13 million redlining settlement with N.J. bank

September 28, 2022 | msn.com

Photography Is An Art At Camera Culture In Red Bank

September 28, 2022 | msn.com

Apple and Tesla are the ‘last bastions of hope’ for retail investors, say these analysts

September 28, 2022 | reuters.com

IMF criticises UK policy, Bank of England to make big response

September 28, 2022 | latimes.com

Community Action Partnership of Orange County Provides Hope for the Holidays for Families in Need

September 27, 2022 | msn.com

Stock the Food Bank with the East Ward! community project

September 27, 2022 | msn.com

Analyzing Bank of America's Short Interest

September 27, 2022 | bbc.com

North Tyneside food bank reports 'big drop' in donations

September 27, 2022 | washingtonpost.com

The Bank of England Is Right to Snub Calls for Emergency Action

September 26, 2022 | msn.com

Federal Reserve Bank rep says expect higher unemployment in 2023, more interest rate hikes

September 26, 2022 | markets.businessinsider.com

EQS-News: Carver & Operation HOPE Launch Financial Literacy to Loans Program

September 26, 2022 | ca.finance.yahoo.com

BCB Bancorp, Inc. named to prestigious Piper Sandler Sm-All Stars list for 2022

September 26, 2022 | msn.com

Forget a soft landing. The market’s best hope is a ‘growth’ recession

September 26, 2022 | finance.yahoo.com

Carver & Operation HOPE Launch Financial Literacy to Loans Program

September 26, 2022 | edition.cnn.com

Forget a soft landing. The market's best hope is a 'growth' recession

September 26, 2022 | msn.com

ICICI Bank launches ‘Festive Bonanza’: Here’s how you can get cashback up to Rs 25,000

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30 days | 90 days | 365 days | Advanced Chart

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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: 10/02/2022
Next Earnings (Estimated): 10/24/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: National commercial banks
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NASDAQ:HOPE
CUSIP: 07329510
CIK: 1128361
Web: www.bankofhope.com
Phone: (213) 639-1700
Fax: 213-235-3033
Employees: 1,476
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.67
High Stock Price Forecast: $16.00
Low Stock Price Forecast: $15.00
Forecasted Upside/Downside: +23.9%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.81
Trailing P/E Ratio: 6.98
Forward P/E Ratio: 6.87
P/E Growth: N/A
Net Income: $204.57 million
Net Margins: 34.35%
Pretax Margin: 46.66%
Return on Equity: 10.72%
Return on Assets: 1.23%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 0.98
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: $610.13 million
Price / Sales: 2.48
Cash Flow: $1.92 per share
Price / Cash Flow: 6.59
Book Value: $17.41 per share
Price / Book: 0.73

Miscellaneous

Outstanding Shares: 119,476,000
Free Float: 113,442,000
Market Cap: $1.51 billion
Optionable: Optionable
Beta: 1.24

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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 brokers have issued 12 month target prices for Hope Bancorp's shares. Their HOPE share price forecasts range from $15.00 to $16.00. On average, they expect the company's stock price to reach $15.67 in the next year. This suggests a possible upside of 23.9% 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 beginning of 2022. Since then, HOPE stock has decreased by 14.1% and is now trading at $12.64.
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) released its quarterly earnings results on Tuesday, July, 19th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The financial services provider 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 trailing twelve-month return on equity of 10.72%. Hope Bancorp's quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS.
How often does Hope Bancorp pay dividends? What is the dividend yield for Hope Bancorp?: Hope Bancorp declared a quarterly dividend on Thursday, July 21st. Shareholders of record on Friday, July 29th will be paid a dividend of $0.14 per share on Friday, August 12th. This represents a $0.56 annualized dividend and a yield of 4.43%. 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 4.43%. 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 30.77% 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."
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 $12.64.
How much money does Hope Bancorp make?: Hope Bancorp (NASDAQ:HOPE) has a market capitalization of $1.51 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 10/3/2022 by MarketBeat.com Staff

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Hope Bancorp - HOPE Stock Forecast, Price & News

Hope Bancorp MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Hope Bancorp (NASDAQ:HOPE) Stock

HOPE Stock News Headlines

HOPE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

HOPE Stock - Frequently Asked Questions

MarketBeat Resources

Premium Research Tools

Market Data and Calendars

Investing Education and Resources

Overall MarketRank^™