NASDAQ:HOPEHope Bancorp Stock Price, Forecast & News

$9.49

-0.34 (-3.46 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$9.31

Now: $9.50▼

$9.64

50-Day Range

$7.89

MA: $8.84▼

$10.44

52-Week Range

$7.06

Now: $9.50▼

$15.51

Volume677,634 shs

Average Volume747,114 shs

Market Capitalization$1.17 billion

P/E Ratio7.72

Dividend Yield5.90%

Beta1.73

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts. It also provides commercial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, and other business related financing needs; commercial real estate loans; small business administration (SBA) loans; and consumer loans, such as auto, home equity, single-family mortgage, and signature loans. In addition, the company offers trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; commercial equipment lease financing; and warehouse lines of credit to mortgage loan originators. Further, it provides cash management services, such as remote deposit capture, lock box, and ACH origination services; investment and wealth management services; mobile banking; debit and credit card services; foreign exchanges services, safe deposit boxes, and other customary bank services; and Internet banking and bill-pay services, as well as operates automated teller machines. As of February 27, 2019, the company operated 63 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama; SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, New York City, Northern California, and Houston; a commercial loan production office in Northern California and Seattle; residential mortgage loan production offices in California; and a representative office in Seoul, Korea. The company was formerly known as BBCN Bancorp, Inc. and changed its name to Hope Bancorp, Inc. in August 2016. Hope Bancorp, Inc. was incorporated in 2000 and is headquartered in Los Angeles, California.

Beat the Market (BTM) Rank^™

0.0 Analyst's Opinion

Consensus Rating
There is not enough analysis data for Hope Bancorp.

1.9 Community Rank

Outperform Votes
Hope Bancorp has received 246 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Hope Bancorp has received 408 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Hope Bancorp has received 62.39% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Hope Bancorp and other stocks. Vote “Outperform” if you believe HOPE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HOPE will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Hope Bancorp is a leading dividend payer. It pays a dividend yield of 5.90%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Hope Bancorp has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Hope Bancorp is 41.48 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, Hope Bancorp will have a dividend payout ratio of 82.35 % in the coming year. This indicates that Hope Bancorp may not be able to sustain their current dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hope Bancorp insiders have sold 2,284.35% more of their company's stock than they have bought. Specifically, they have bought $21,725.00 in company stock and sold $518,000.00 in company stock.
Percentage Held by Insiders
Only 5.59% of the stock of Hope Bancorp is held by insiders.
Percentage Held by Institutions
84.65% 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 -13.92% in the coming year, from $0.79 to $0.68 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Hope Bancorp is 7.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 13.44.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hope Bancorp is 7.72, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.22.
Price to Book Value per Share Ratio
Hope Bancorp has a P/B Ratio of 0.58. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.46 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry National commercial banks

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNASDAQ:HOPE

Previous Symbol

CUSIP07329510

CIK1128361

Webwww.bankofhope.com

Phone213-639-1700

Debt

Debt-to-Equity Ratio0.51

Current Ratio1.03

Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio7.72

Forward P/E Ratio12.02

P/E GrowthN/A

Sales & Book Value

Annual Sales$734.47 million

Price / Sales1.59

Cash Flow$1.37 per share

Price / Cash Flow6.92

Book Value$16.38 per share

Price / Book0.58

Profitability

EPS (Most Recent Fiscal Year)$1.35

Net Income$171.04 million

Net Margins21.13%

Return on Equity7.63%

Return on Assets0.99%

Miscellaneous

Employees1,441

Outstanding Shares123,190,000

Market Cap$1.17 billion

Next Earnings Date7/21/2020 (Estimated)

OptionableOptionable

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Hope Bancorp (NASDAQ:HOPE) Frequently Asked Questions

How has Hope Bancorp's stock been impacted by COVID-19 (Coronavirus)?

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 (WHO). Since then, HOPE shares have decreased by 2.6% and is now trading at $9.4950. View which stocks have been most impacted by Coronavirus.

When is Hope Bancorp's next earnings date?

Hope Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for Hope Bancorp.

How were Hope Bancorp's earnings last quarter?

Hope Bancorp Inc (NASDAQ:HOPE) released its quarterly earnings results on Tuesday, April, 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.24 by $0.03. The financial services provider earned $132.56 million during the quarter, compared to the consensus estimate of $122.82 million. Hope Bancorp had a return on equity of 7.63% and a net margin of 21.13%. During the same period in the prior year, the business earned $0.34 EPS. View Hope Bancorp's earnings history.

How often does Hope Bancorp pay dividends? What is the dividend yield for Hope Bancorp?

Hope Bancorp announced a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be given a dividend of $0.14 per share on Friday, May 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.90%. The ex-dividend date of this dividend is Thursday, May 7th. View Hope Bancorp's dividend history.

Has Hope Bancorp been receiving favorable news coverage?

Press coverage about HOPE stock has trended extremely negative this week, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Hope Bancorp earned a coverage optimism score of -5.0 on InfoTrie's scale. They also assigned media stories about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutHope Bancorp.

Who are some of Hope Bancorp's key competitors?

Some companies that are related to Hope Bancorp include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), First Republic Bank (FRC), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), SVB Financial Group (SIVB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION) and East West Bancorp (EWBC). View all competitors.

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), Transocean (RIG), Apollo Commercial Real Est. Finance (ARI) and Express (EXPR).

Who are Hope Bancorp's key executives?

Hope Bancorp's management team includes the following people:

Mr. Kevin Sung Kim J.D., Pres, CEO & Director (Age 61)
Mr. Alex Ko, Exec. VP & CFO (Age 52)
Ms. Kyu S. Kim, Sr. EVP & Regional Pres of Eastern Region-Bank of Hope (Age 58)
Mr. Johann Minkyun You, Exec. VP & Chief Risk Officer (Age 54)
Mr. Hung Q. Van, Exec. VP & Chief Information Officer of Bank of Hope (Age 42)

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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.86%), Fuller & Thaler Asset Management Inc. (6.43%), State Street Corp (4.08%), Pzena Investment Management LLC (2.57%), Geode Capital Management LLC (1.52%) and Invesco Ltd. (1.22%). Company insiders that own Hope Bancorp stock include Alex Ko, Chung Hyun Lee, David Lee Song, David P Malone, Donald Byun, Jason K Kim, Peter Koh, Steven Koh and William J Lewis. View institutional ownership trends for Hope Bancorp.

Which major investors are selling Hope Bancorp stock?

HOPE stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Pzena Investment Management LLC, BlackRock Inc., Raymond James & Associates, American International Group Inc., Zeke Capital Advisors LLC, Invesco Ltd., and Systematic Financial Management LP. Company insiders that have sold Hope Bancorp company stock in the last year include Alex Ko, Chung Hyun Lee, and Steven Koh. View insider buying and selling activity for Hope Bancorp.

Which major investors are buying Hope Bancorp stock?

HOPE stock was purchased by a variety of institutional investors in the last quarter, including Fuller & Thaler Asset Management Inc., APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., State Street Corp, Martingale Asset Management L P, Acadian Asset Management LLC, and Chicago Equity Partners LLC. Company insiders that have bought Hope Bancorp stock in the last two years include David P Malone, and William J Lewis. View insider buying and selling activity for Hope Bancorp.

How do I buy shares of Hope Bancorp?

Shares of HOPE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Hope Bancorp's stock price today?

One share of HOPE stock can currently be purchased for approximately $9.50.

How big of a company is Hope Bancorp?

Hope Bancorp has a market capitalization of $1.17 billion and generates $734.47 million in revenue each year. The financial services provider earns $171.04 million in net income (profit) each year or $1.35 on an earnings per share basis. Hope Bancorp employs 1,441 workers across the globe.

What is Hope Bancorp's official website?

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

How can I contact Hope Bancorp?

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]

This page was last updated on 5/31/2020 by MarketBeat.com Staff