Hope Bancorp - HOPE Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. 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.

1 analysts have issued twelve-month target prices for Hope Bancorp's shares. Their HOPE share price forecasts range from $14.00 to $16.00. On average, they predict the company's stock price to reach $15.00 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price.
View analysts price targets for HOPE or view top-rated stocks among Wall Street analysts.

Hope Bancorp's stock was trading at $14.71 at the beginning of 2022. Since then, HOPE shares have decreased by 7.2% and is now trading at $13.65.
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The company is scheduled to release its next quarterly earnings announcement on Monday, January 23rd 2023.
View our HOPE earnings forecast.

Hope Bancorp, Inc. (NASDAQ:HOPE) released its quarterly earnings data on Tuesday, October, 25th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.45. The financial services provider earned $166.54 million during the quarter, compared to analysts' expectations of $161.25 million. Hope Bancorp had a net margin of 31.65% and a trailing twelve-month return on equity of 10.76%. The company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the business earned $0.45 earnings per share.

Hope Bancorp declared a quarterly dividend on Monday, October 24th. Shareholders of record on Thursday, November 3rd will be given a dividend of $0.14 per share on Thursday, November 17th. This represents a $0.56 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Wednesday, November 2nd.
Read our dividend analysis for HOPE.

Hope Bancorp (NASDAQ:HOPE) pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.10%. 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 31.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HOPE.

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (14.68%), Vanguard Group Inc. (11.74%), Dimensional Fund Advisors LP (7.88%), State Street Corp (5.05%), Macquarie Group Ltd. (3.70%) and Pzena Investment Management LLC (2.76%). Insiders that own company stock include Steven Koh, Thomas Stenger and William J Lewis.
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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.
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One share of HOPE stock can currently be purchased for approximately $13.65.

Hope Bancorp (NASDAQ:HOPE) has a market capitalization of $1.63 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.

The company employs 1,476 workers across the globe.

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.