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NASDAQ:HOPE

Hope Bancorp Stock Forecast, Price & News

$8.64
+0.09 (+1.05 %)
(As of 10/23/2020 12:00 AM ET)
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Today's Range
$8.48
Now: $8.65
$8.80
50-Day Range
$7.11
MA: $7.94
$8.72
52-Week Range
$7.03
Now: $8.65
$15.51
Volume756,662 shs
Average Volume914,405 shs
Market Capitalization$1.07 billion
P/E Ratio8.48
Dividend Yield6.55%
Beta1.67
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; Internet banking and bill-pay services; and automated teller machine services. As of December 31, 2019, Hope Bancorp, Inc. operated 58 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.0Community Rank: 1.9Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 out of 5 stars

Industry, Sector and Symbol

Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNASDAQ:HOPE
CUSIP07329510
Phone213-639-1700
Employees1,441

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$734.47 million
Cash Flow$1.51 per share
Book Value$16.07 per share

Profitability

Net Income$171.04 million

Miscellaneous

Market Cap$1.07 billion
Next Earnings Date1/27/2021 (Estimated)
OptionableOptionable
$8.64
+0.09 (+1.05 %)
(As of 10/23/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Hope Bancorp (NASDAQ:HOPE) Frequently Asked Questions

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

Hope Bancorp's stock was trading at $9.75 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, HOPE shares have decreased by 11.3% and is now trading at $8.6450.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Hope Bancorp?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Hope Bancorp
.

When is Hope Bancorp's next earnings date?

Hope Bancorp is scheduled to release its next quarterly earnings announcement on Wednesday, January 27th 2021.
View our earnings forecast for Hope Bancorp
.

How were Hope Bancorp's earnings last quarter?

Hope Bancorp, Inc. (NASDAQ:HOPE) announced its earnings results on Tuesday, October, 20th. The financial services provider reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.06. The financial services provider earned $135.15 million during the quarter, compared to analyst estimates of $129.38 million. Hope Bancorp had a net margin of 19.74% and a return on equity of 6.82%. The company's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.34 earnings per share.
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, October 20th. Investors of record on Friday, October 30th will be paid a dividend of $0.14 per share on Friday, November 13th. This represents a $0.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Thursday, October 29th.
View Hope Bancorp's dividend history
.

What price target have analysts set for HOPE?

2 brokers have issued 12 month price objectives for Hope Bancorp's shares. Their forecasts range from $8.00 to $8.00. On average, they anticipate Hope Bancorp's share price to reach $8.00 in the next twelve months. This suggests that the stock has a possible downside of 7.5%.
View analysts' price targets for Hope Bancorp
.

Who are some of Hope Bancorp's key 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), Apollo Commercial Real Estate Finance (ARI), Transocean (RIG) 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., Chairman, Pres & CEO (Age 62, Pay $1.6M)
  • Mr. Alex Ko, Exec. VP & CFO (Age 53, Pay $471.66k)
  • Ms. Kyu S. Kim, Sr. EVP & Regional Pres of Eastern Region-Bank of Hope (Age 59, Pay $495.59k)
  • Mr. Thomas P. Stenger, Exec. VP & Chief Risk Officer (Age 61, Pay $586.67k)
  • Ms. Angie Yang, Sr. VP and Director of IR & Corp. Communications

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 shareholders include LSV Asset Management (3.18%), Denali Advisors LLC (0.24%), Assenagon Asset Management S.A. (0.10%), Louisiana State Employees Retirement System (0.05%), Foundry Partners LLC (0.04%) and Ridgewood Investments LLC (0.03%). Company insiders that own Hope Bancorp stock include Alex Ko, Chung Hyun Lee, Jason K Kim, Peter Koh, Steven Koh and William J Lewis.
View institutional ownership trends for Hope Bancorp
.

Which institutional investors are selling Hope Bancorp stock?

HOPE stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Foundry Partners LLC, and Ridgewood Investments LLC.
View insider buying and selling activity for Hope Bancorp
.

Which institutional investors are buying Hope Bancorp stock?

HOPE stock was purchased by a variety of institutional investors in the last quarter, including Denali Advisors LLC, Louisiana State Employees Retirement System, Campbell & CO Investment Adviser LLC, 6 Meridian, and Assenagon Asset Management S.A..
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 $8.65.

How big of a company is Hope Bancorp?

Hope Bancorp has a market capitalization of $1.07 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 10/24/2020 by MarketBeat.com Staff

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