NASDAQ:HOPE - Hope Bancorp Stock Price, Price Target & More

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$17.39 +0.18 (+1.05 %)
(As of 07/22/2018 12:37 PM ET)
Previous Close$17.39
Today's Range$17.14 - $17.53
52-Week Range$16.75 - $19.86
Volume833,890 shs
Average Volume713,207 shs
Market Capitalization$2.36 billion
P/E Ratio12.51
Dividend Yield2.99%
Beta1.41
Hope Bancorp logoHope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services primarily 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 to high-net-worth clients; 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, 2018, 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, and Annandale, Virginia; a commercial loan production office in Fremont, California; 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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:HOPE
CUSIP07329510
Phone213-639-1700

Debt

Debt-to-Equity Ratio0.15
Current Ratio0.96
Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio12.51
Forward P/E Ratio11.91
P/E Growth1.17

Sales & Book Value

Annual Sales$638.52 million
Price / Sales3.69
Cash Flow$1.0992 per share
Price / Cash15.82
Book Value$14.06 per share
Price / Book1.24

Profitability

EPS (Most Recent Fiscal Year)$1.22
Net Income$139.44 million
Net Margins23.76%
Return on Equity9.68%
Return on Assets1.29%

Miscellaneous

Employees1,470
Outstanding Shares135,520,000
Market Cap$2,356.64

Hope Bancorp (NASDAQ:HOPE) Frequently Asked Questions

What is Hope Bancorp's stock symbol?

Hope Bancorp trades on the NASDAQ under the ticker symbol "HOPE."

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

Hope Bancorp declared a quarterly dividend on Wednesday, July 18th. Shareholders of record on Friday, July 27th will be given a dividend of $0.14 per share on Friday, August 10th. This represents a $0.56 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend is Thursday, July 26th. This is a positive change from Hope Bancorp's previous quarterly dividend of $0.13. View Hope Bancorp's Dividend History.

How were Hope Bancorp's earnings last quarter?

Hope Bancorp Inc (NASDAQ:HOPE) issued its earnings results on Tuesday, July, 17th. The financial services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.01. The financial services provider had revenue of $138.09 million for the quarter, compared to analyst estimates of $139.60 million. Hope Bancorp had a return on equity of 9.68% and a net margin of 23.76%. During the same period in the prior year, the company posted $0.30 earnings per share. View Hope Bancorp's Earnings History.

What price target have analysts set for HOPE?

6 brokerages have issued twelve-month price targets for Hope Bancorp's stock. Their forecasts range from $17.00 to $22.00. On average, they anticipate Hope Bancorp's stock price to reach $19.10 in the next twelve months. This suggests a possible upside of 9.8% from the stock's current price. View Analyst Ratings for Hope Bancorp.

What is the consensus analysts' recommendation for Hope Bancorp?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. There are currently 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Hope Bancorp's key competitors?

Who are Hope Bancorp's key executives?

Hope Bancorp's management team includes the folowing people:
  • Mr. Kevin Sung Kim J.D., Pres, CEO & Director (Age 60)
  • Mr. Alex Ko, Exec. VP & CFO (Age 51)
  • Mr. Johann Minkyun You, Exec. VP & Chief Risk Officer (Age 53)
  • Ms. Kyu S. Kim, Sr. EVP & Regional Pres of Eastern Region-Bank of Hope (Age 57)
  • Ms. Angie Yang, SVP, Director of IR & Corp. Communications

Has Hope Bancorp been receiving favorable news coverage?

Media coverage about HOPE stock has been trending very positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hope Bancorp earned a daily sentiment score of 0.51 on Accern's scale. They also gave news headlines about the financial services provider an impact score of 48.24 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near future.

Who are Hope Bancorp's major shareholders?

Hope Bancorp's stock is owned by many different of institutional and retail investors. Top institutional investors include Cambiar Investors LLC (0.21%), Hennessy Advisors Inc. (0.06%), Creative Planning (0.05%), Fisher Asset Management LLC (0.03%), Municipal Employees Retirement System of Michigan (0.03%) and Foundry Partners LLC (0.02%). Company insiders that own Hope Bancorp stock include Alex Ko, David Lee Song, Donald Byun, Jason K Kim, Steven J Didion and Steven Koh. 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 Cambiar Investors LLC, Hennessy Advisors Inc., Municipal Employees Retirement System of Michigan and Fisher Asset Management LLC. Company insiders that have sold Hope Bancorp company stock in the last year include Alex Ko, David Lee Song, Donald Byun, Jason K Kim and Steven Koh. View Insider Buying and Selling for Hope Bancorp.

Which major investors are buying Hope Bancorp stock?

HOPE stock was bought by a variety of institutional investors in the last quarter, including Creative Planning, Hartford Investment Management Co. and Foundry Partners LLC. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Hope Bancorp's stock price today?

One share of HOPE stock can currently be purchased for approximately $17.39.

How big of a company is Hope Bancorp?

Hope Bancorp has a market capitalization of $2.36 billion and generates $638.52 million in revenue each year. The financial services provider earns $139.44 million in net income (profit) each year or $1.22 on an earnings per share basis. Hope Bancorp employs 1,470 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 financial services provider can be reached via phone at 213-639-1700 or via email at [email protected]


MarketBeat Community Rating for Hope Bancorp (NASDAQ HOPE)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  168 (Vote Outperform)
Underperform Votes:  287 (Vote Underperform)
Total Votes:  455
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.
This page was last updated on 7/22/2018 by MarketBeat.com Staff

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