Hope Bancorp Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Hope Bancorp stock. 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 analyst ratings for Hope Bancorp or view top-rated stocks.

Wall Street analysts have given Hope Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Hope Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Hope Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
View our earnings forecast for Hope Bancorp.

Hope Bancorp, Inc. (NASDAQ:HOPE) released its quarterly earnings results on Monday, July, 19th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.05. The financial services provider had revenue of $137.65 million for the quarter, compared to analyst estimates of $135.16 million. Hope Bancorp had a net margin of 25.44% and a trailing twelve-month return on equity of 7.59%. The company's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share.
View Hope Bancorp's earnings history.

Hope Bancorp's stock was trading at $9.75 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HOPE stock has increased by 35.9% and is now trading at $13.25.
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Hope Bancorp declared a quarterly dividend on Wednesday, July 21st. Shareholders of record on Friday, July 30th will be paid a dividend of $0.14 per share on Friday, August 13th. This represents a $0.56 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Thursday, July 29th.
View Hope Bancorp's dividend history.

Hope Bancorp pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.23%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Hope Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Hope Bancorp is 62.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hope Bancorp will have a dividend payout ratio of 35.90% next year. This indicates that Hope Bancorp will be able to sustain or increase its dividend.
View Hope Bancorp's dividend history.

2 Wall Street analysts have issued 12 month target prices for Hope Bancorp's shares. Their forecasts range from $8.00 to $8.00. On average, they expect Hope Bancorp's stock price to reach $8.00 in the next year. This suggests that the stock has a possible downside of 39.6%.
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Some companies that are related to Hope Bancorp include The PNC Financial Services Group (PNC), Truist Financial (TFC), First Republic Bank (FRC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), M&T Bank (MTB), Huntington Bancshares (HBAN), Signature Bank (SBNY), East West Bancorp (EWBC), Western Alliance Bancorporation (WAL), Zions Bancorporation, National Association (ZION), First Horizon (FHN) and Commerce Bancshares (CBSH).
View all of HOPE's competitors.

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 number of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (0.17%), State of Alaska Department of Revenue (0.07%), Exchange Traded Concepts LLC (0.03%) and Rice Hall James & Associates LLC (0.02%). Company insiders that own Hope Bancorp stock include Chung Hyun Lee, Steven Koh and William J Lewis.
View institutional ownership trends for Hope Bancorp.

HOPE stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Exchange Traded Concepts LLC, Rice Hall James & Associates LLC, and State of Alaska Department of Revenue.
View insider buying and selling activity for Hope Bancorp or or view top insider-buying stocks.

Shares of HOPE 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 $13.25.

Hope Bancorp has a market capitalization of $1.64 billion and generates $652.31 million in revenue each year. The financial services provider earns $111.51 million in net income (profit) each year or $0.90 on an earnings per share basis.

Hope Bancorp employs 1,408 workers across the globe.

The official website for Hope Bancorp is www.bankofhope.com.

Hope Bancorp is headquartered at 3200 WILSHIRE BLVD SUITE 1400, LOS ANGELES CA, 90010.

Hope Bancorp's mailing address is 3200 WILSHIRE BLVD SUITE 1400, LOS ANGELES CA, 90010. The financial services provider can be reached via phone at 213-639-1700 or via email at [email protected]