Hope Bancorp, Inc., formerly BBCN Bancorp, Inc., is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama. The Bank also operates small business administration (SBA) loan production offices in Seattle, Denver, Dallas, Atlanta, Northern California, Annandale, Virginia, Portland, Oregon and Fremont, California; residential mortgage loan production offices in California, and a representative office in Seoul, Korea. Bank of Hope specializes in business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and commercial lending, SBA lending and international trade financing. Bank of Hope is a California-chartered bank, and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC).
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Banks
- Sub-Industry: Regional Banks
- Symbol: NASDAQ:HOPE
- CUSIP: 07329510
- Web: bankofhope.com
Capitalization:- Market Cap: $2.42648 billion
- Outstanding Shares: 135,303,000
Average Prices:- 50 Day Moving Avg: $18.63
- 200 Day Moving Avg: $19.58
- 52 Week Range: $15.00 - $22.99
P/E:- Trailing P/E Ratio: 16.75
- Foreward P/E Ratio: 12.36
- P/E Growth: 1.40
Sales & Book Value:- Annual Revenue: $453.2 million
- Price / Sales: 5.39
- Book Value: $13.89 per share
- Price / Book: 1.30
Dividend:- Annual Dividend: $0.48
- Dividend Yield: 2.7%
Profitability:- Net Margins: 23.89%
- Return on Equity: 8.64%
- Return on Assets: 1.16%
Debt:- Debt-to-Equity Ratio: 0.43%
- Current Ratio: 1.02%
- Quick Ratio: 1.02%
Misc:- Average Volume: 572,979 shs.
- Beta: 1.41
- Short Ratio: 2.79
Frequently Asked Questions for Hope Bancorp (NASDAQ:HOPE)
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 announced a quarterly dividend on Wednesday, July 19th. Stockholders of record on Monday, July 31st will be given a dividend of $0.13 per share on Monday, August 14th. This represents a $0.52 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Hope Bancorp's previous quarterly dividend of $0.12. View Hope Bancorp's Dividend History.
How were Hope Bancorp's earnings last quarter?
Hope Bancorp, Inc. (NASDAQ:HOPE) posted its earnings results on Monday, July, 18th. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.02. The company earned $81.76 million during the quarter, compared to analyst estimates of $82.99 million. Hope Bancorp had a return on equity of 8.64% and a net margin of 23.89%. Hope Bancorp's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. View Hope Bancorp's Earnings History.
Where is Hope Bancorp's stock going? Where will Hope Bancorp's stock price be in 2017?
5 equities research analysts have issued 12 month price objectives for Hope Bancorp's shares. Their predictions range from $17.00 to $22.00. On average, they anticipate Hope Bancorp's stock price to reach $19.75 in the next year. View Analyst Ratings for Hope Bancorp.
Who are some of Hope Bancorp's key competitors?
Some companies that are related to Hope Bancorp include Prosperity Bancshares (PB), F.N.B. Corporation (FNB), First Hawaiian (FHB), IBERIABANK Corporation (IBKC), Texas Capital Bancshares (TCBI), Hancock Holding Company (HBHC), UMB Financial Corporation (UMBF), Associated Banc-Corp (ASB), Home BancShares (HOMB), Bank of Hawaii Corporation (BOH), Chemical Financial Corporation (CHFC), MB Financial (MBFI), Pinnacle Financial Partners (PNFP), Fulton Financial Corporation (FULT), Sterling Bancorp (STL), First Financial Bankshares (FFIN), Great Western Bancorp (GWB) and Columbia Banking System (COLB).
Who are Hope Bancorp's key executives?
Hope Bancorp's management team includes the folowing people:
- Yoon-suk Whang, Chairman of the Board
- Kevin S. Kim, President, Chief Executive Officer of the Company and the Bank and Director
- Douglas J. Goddard, Chief Financial Officer, Executive Vice President
- Lisa Kim Pai, Executive Vice President, Chief Administrative Officer, General Counsel
- David P. Malone, Senior Executive Vice President, Chief Operating Officer of the Bank, Director
- Daniel Hyungjum Kim, Executive Vice President and Chief Strategy Officer of Bank
- David W. Kim, Executive Vice President and Chief Retail Banking Officer of Bank
- Kyu S. Kim, Senior Executive Vice President, Regional President - Eastern Region
- Alex Ko, Executive Vice President, Chief Financial Officer of Bank
- Peter Koh, Executive Vice President and Chief Credit Officer of Bank
Who owns Hope Bancorp stock?
Hope Bancorp's stock is owned by a number of of institutional and retail investors. Top institutional investors include Vaughan Nelson Investment Management L.P. (0.79%), Smith Graham & Co. Investment Advisors LP (0.36%), Fisher Asset Management LLC (0.11%), US Bancorp DE (0.06%), Nisa Investment Advisors LLC (0.05%) and Aperio Group LLC (0.05%). Company insiders that own Hope Bancorp stock include Sang Hoon Kim and Steven J Didion. View Institutional Ownership Trends for Hope Bancorp.
Who sold Hope Bancorp stock? Who is selling Hope Bancorp stock?
Hope Bancorp's stock was sold by a variety of institutional investors in the last quarter, including Vaughan Nelson Investment Management L.P., Nisa Investment Advisors LLC, Smith Graham & Co. Investment Advisors LP and Capstone Asset Management Co.. View Insider Buying and Selling for Hope Bancorp.
Who bought Hope Bancorp stock? Who is buying Hope Bancorp stock?
Hope Bancorp's stock was acquired by a variety of institutional investors in the last quarter, including Fisher Asset Management LLC, State of Alaska Department of Revenue, Aperio Group LLC, GW&K Investment Management LLC, US Bancorp DE and Bank of Montreal Can. View Insider Buying and Selling for Hope Bancorp.
How do I buy Hope Bancorp stock?
Shares of Hope Bancorp can be purchased through any online brokerage account. Popular online brokerages 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 Bancorp stock can currently be purchased for approximately $18.04.
MarketBeat Community Rating for Hope Bancorp (NASDAQ HOPE)MarketBeat's community ratings are surveys of what our community members think about Hope Bancorp and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Hope Bancorp (NASDAQ:HOPE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Hold Ratings, 2 Buy Ratings |
| Consensus Rating: | Hold (Score: 2.40) |
| Consensus Price Target: | $19.75 (9.48% upside) |
Analysts' Ratings History for Hope Bancorp (NASDAQ:HOPE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/27/2017 | Wedbush | Reiterated Rating | Neutral | $20.00 | Medium |  |
| 5/30/2017 | Piper Jaffray Companies | Lower Price Target | Neutral | $21.00 -> $20.00 | Low | |
| 5/19/2017 | FIG Partners | Upgrade | Market Perform -> Outperform | | Low | |
| 4/4/2017 | Keefe, Bruyette & Woods | Set Price Target | Hold | $22.00 | High | |
| 7/25/2016 | Raymond James Financial, Inc. | Reiterated Rating | Outperform | $17.00 | N/A | |
(Data available from 7/25/2015 forward)
Earnings History for Hope Bancorp (NASDAQ:HOPE)Earnings History by Quarter for Hope Bancorp (NASDAQ HOPE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 1/24/2017 | Q416 | $0.32 | $0.31 | $138.37 million | $135.40 million | View | N/A | |
| 10/18/2016 | Q3 | $0.32 | $0.32 | $117.00 million | $117.62 million | View | N/A | |
| 7/18/2016 | Q2 | $0.31 | $0.29 | $82.99 million | $81.76 million | View | N/A | |
| 4/18/2016 | Q1 | $0.30 | $0.30 | $83.40 million | $80.38 million | View | N/A | |
| 1/25/2016 | Q4 | $0.30 | $0.29 | $81.33 million | $8.28 billion | View | Listen | |
| 10/19/2015 | Q315 | $0.29 | $0.32 | $78.10 million | $81.99 million | View | Listen | |
| 7/20/2015 | Q215 | $0.27 | $0.29 | $79.77 million | $77.96 million | View | Listen | |
| 4/20/2015 | Q115 | $0.27 | $0.27 | $78.30 million | $76.30 million | View | N/A | |
| 1/26/2015 | Q414 | $0.28 | $0.29 | $78.71 million | $78.28 million | View | N/A | |
| 10/20/2014 | Q314 | $0.29 | $0.27 | $79.80 million | $79.28 million | View | N/A | |
| 7/21/2014 | Q214 | $0.29 | $0.28 | $77.70 million | $77.98 million | View | N/A | |
| 4/21/2014 | Q114 | $0.28 | $0.28 | $77.28 million | $76.06 million | View | N/A | |
| 1/28/2014 | Q413 | $0.28 | $0.28 | $76.58 million | | View | Listen | |
| 10/22/2013 | Q313 | $0.28 | $0.30 | $73.74 million | | View | Listen | |
| 7/22/2013 | Q2 2013 | $0.27 | $0.29 | $70.31 million | | View | Listen | |
| 4/22/2013 | Q1 2013 | $0.27 | $0.28 | $67.99 million | | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Hope Bancorp (NASDAQ:HOPE)2017 EPS Consensus Estimate: $1.33
2018 EPS Consensus Estimate: $1.49
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.31 | $0.33 | $0.32 |
| Q2 2017 | 3 | $0.32 | $0.33 | $0.32 |
| Q3 2017 | 3 | $0.33 | $0.35 | $0.34 |
| Q4 2017 | 3 | $0.34 | $0.37 | $0.35 |
| Q1 2018 | 2 | $0.32 | $0.36 | $0.34 |
| Q2 2018 | 2 | $0.35 | $0.38 | $0.37 |
| Q3 2018 | 2 | $0.37 | $0.40 | $0.39 |
| Q4 2018 | 2 | $0.38 | $0.41 | $0.40 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Hope Bancorp (NASDAQ:HOPE)| Next Dividend: | 8/14/2017 |
| Annual Dividend: | $0.48 |
| Dividend Yield: | 2.66% |
| Payout Ratio: | 44.44% (Trailing 12 Months of Earnings)
37.50% (Based on This Year's Estimates)
32.88% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Hope Bancorp (NASDAQ HOPE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/19/2017 | quarterly | $0.13 | 2.88% | 7/27/2017 | 7/31/2017 | 8/14/2017 |
| 4/18/2017 | quarterly | $0.12 | 2.7% | 4/26/2017 | 4/28/2017 | 5/12/2017 |
| 1/25/2017 | quarterly | $0.12 | 2.12% | 2/1/2017 | 2/3/2017 | 2/17/2017 |
| 10/18/2016 | Quarterly | $0.12 | | 10/26/2016 | 10/28/2016 | 11/11/2016 |
| 6/28/2016 | quarterly | $0.11 | 3.06% | 7/6/2016 | 7/8/2016 | 7/22/2016 |
| 4/19/2016 | quarterly | $0.11 | 2.76% | 4/27/2016 | 4/29/2016 | 5/13/2016 |
| 1/26/2016 | quarterly | $0.11 | 2.97% | 2/3/2016 | 2/5/2016 | 2/19/2016 |
| 10/20/2015 | quarterly | $0.11 | 2.75% | 10/28/2015 | 10/30/2015 | 11/13/2015 |
| 7/21/2015 | quarterly | $0.11 | 2.91% | 7/29/2015 | 7/31/2015 | 8/14/2015 |
| 4/21/2015 | quarterly | $0.10 | 2.77% | 4/29/2015 | 5/1/2015 | 5/15/2015 |
| 1/27/2015 | quarterly | $0.10 | 2.9% | 2/4/2015 | 2/6/2015 | 2/20/2015 |
| 10/20/2014 | quarterly | $0.10 | 2.96% | 10/29/2014 | 10/31/2014 | 11/14/2014 |
| 7/22/2014 | quarterly | $0.10 | 2.69% | 7/30/2014 | 8/1/2014 | 8/15/2014 |
| 4/22/2014 | quarterly | $0.08 | 1.86% | 4/30/2014 | 5/2/2014 | 5/16/2014 |
| 1/28/2014 | quarterly | $0.08 | 1.94% | 2/5/2014 | 2/7/2014 | 2/21/2014 |
| 10/22/2013 | quarterly | $0.08 | 2.05% | 10/30/2013 | 11/1/2013 | 11/15/2013 |
| 7/23/2013 | quarterly | $0.08 | 1.95% | 7/31/2013 | 8/2/2013 | 8/16/2013 |
| 4/24/2013 | quarterly | $0.05 | 1.57% | 5/1/2013 | 5/3/2013 | 5/17/2013 |
| 3/8/2013 | quarterly | $0.05 | 1.63% | 2/6/2013 | 2/8/2013 | 2/22/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Hope Bancorp (NASDAQ:HOPE)Insider Ownership Percentage: 5.20%
Institutional Ownership Percentage: 78.23%
Insider Trades by Quarter for Hope Bancorp (NASDAQ:HOPE)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/4/2016 | Steven J Didion | Director | Buy | 5,000 | $15.40 | $77,000.00 | |
| 8/21/2015 | Sang Hoon Kim | Director | Sell | 3,779 | $14.90 | $56,307.10 | |
| 8/18/2015 | Sang Hoon Kim | Director | Sell | 15,000 | $15.50 | $232,500.00 | |
| 5/28/2015 | Sang Hoon Kim | Director | Sell | 2,603 | $14.50 | $37,743.50 | |
| 5/19/2015 | Sang Hoon Kim | Director | Sell | 17,397 | $14.54 | $252,952.38 | |
| 10/27/2014 | Kevin Sung Kim | CEO | Buy | 10,000 | $13.20 | $132,000.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Hope Bancorp (NASDAQ:HOPE)
Latest Headlines for Hope Bancorp (NASDAQ:HOPE)
| Source: |
|
| Date | Headline |
|---|
 | Hope Bancorp, Inc. :HOPE-US: Earnings Analysis: Q1, 2017 By the Numbers : July 24, 2017
finance.yahoo.com - July 24 at 10:54 PM |
| ETFs with exposure to Hope Bancorp, Inc. : July 24, 2017
finance.yahoo.com - July 24 at 10:54 PM |
 | Zacks: Analysts Anticipate Hope Bancorp, Inc. (HOPE) to Announce $0.32 EPS
www.americanbankingnews.com - July 24 at 11:14 AM |
| Hope Bancorp, Inc. (NASDAQ:HOPE) Increases Dividend to $0.13 Per Share
www.americanbankingnews.com - July 19 at 4:20 PM |
| Hope Bancorp Increases Quarterly Cash Dividend to $0.13 Per Share
finance.yahoo.com - July 18 at 9:49 PM |
| ETFs with exposure to Hope Bancorp, Inc. : July 14, 2017
finance.yahoo.com - July 15 at 12:26 AM |
| Bank of Hope Appoints Steven C. Canup Executive Vice President to Head New Institutional Banking Group
finance.yahoo.com - July 12 at 9:07 PM |
| Hope Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : HOPE-US : July 12, 2017
finance.yahoo.com - July 12 at 9:07 PM |
 | Hope Bancorp Chairman Steven S. Koh Passes on Chairmanship Responsibilities to Scott Yoon-Suk Whang
feeds.benzinga.com - July 6 at 8:31 PM |
| Hope Bancorp, Inc. (NASDAQ:HOPE) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - July 4 at 1:16 PM |
 | Form 4 HOPE BANCORP INC For: Jun 12 Filed by: Mah Janette
www.streetinsider.com - July 4 at 12:05 AM |
| Hope Bancorp, Inc. (HOPE) Expected to Post Quarterly Sales of $136.80 Million
www.americanbankingnews.com - June 30 at 2:54 PM |
| Hope Bancorp, Inc. (HOPE) Expected to Earn Q2 2017 Earnings of $0.32 Per Share
www.americanbankingnews.com - June 30 at 7:54 AM |
| Hope Bancorp to Announce 2017 Second Quarter Financial Results on Tuesday, July 25, 2017
finance.yahoo.com - June 29 at 11:54 PM |
| Hope Bancorp, Inc. (HOPE) Expected to Announce Earnings of $0.32 Per Share
www.americanbankingnews.com - June 28 at 7:46 AM |
| Hope Bancorp, Inc. (HOPE) Rating Reiterated by Wedbush
www.americanbankingnews.com - June 27 at 5:18 PM |
 | LPC: Hope springs eternal for US LBO activity
www.businessinsider.com - June 24 at 6:05 PM |
| Hope Bancorp, Inc. breached its 50 day moving average in a Bearish Manner : HOPE-US : June 23, 2017
finance.yahoo.com - June 23 at 3:47 PM |
 | Short Sellers Given Notice as Bank of Canada Signals Rate Hike
www.bloomberg.com - June 13 at 8:25 AM |
| Hope Bancorp, Inc. – Value Analysis (NASDAQ:HOPE) : June 12, 2017
finance.yahoo.com - June 12 at 3:31 PM |
| Hope Bancorp Inc (HOPE) Upgraded at BidAskClub
www.americanbankingnews.com - June 10 at 8:38 AM |
| Hope Bancorp Inc (HOPE) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - June 9 at 2:39 PM |
| Hope Bancorp, Inc. breached its 50 day moving average in a Bullish Manner : HOPE-US : June 9, 2017
finance.yahoo.com - June 9 at 9:52 AM |
| Hope Bancorp to Participate In 2017 KBW US Regional Bank Leaders Conference in London
finance.yahoo.com - June 7 at 10:31 AM |
| Self-Made $900 Million Man Says India Must Swap Hope for Action
www.bloomberg.com - June 6 at 6:10 PM |
| Zacks: Analysts Anticipate Hope Bancorp Inc (HOPE) Will Post Quarterly Sales of $137.30 Million
www.americanbankingnews.com - June 4 at 10:14 AM |
| Analysts Expect Hope Bancorp Inc (HOPE) Will Post Earnings of $0.32 Per Share
www.americanbankingnews.com - June 2 at 7:54 AM |
| Morgan Stanley’s 16,000 Human Brokers Get Algorithmic Makeover
www.bloomberg.com - May 31 at 5:39 PM |
| Hope Bancorp Announces Appointment of Crowe Horwath as New Independent Auditor
finance.yahoo.com - May 31 at 5:39 PM |
| Hope Bancorp Inc (HOPE) Rating Reiterated by Piper Jaffray Companies
www.americanbankingnews.com - May 30 at 12:37 PM |
| Hope Bancorp, Inc. (HOPE) Receives Nasdaq Notice Regarding Listing Qualifications
www.streetinsider.com - May 24 at 11:44 AM |
| Hope Bancorp Receives Anticipated Nasdaq Notice
finance.yahoo.com - May 22 at 5:16 PM |
| Hope Bancorp Inc (HOPE) Stock Rating Upgraded by FIG Partners
www.americanbankingnews.com - May 19 at 11:34 AM |
| Hope Bancorp Inc (HOPE) Short Interest Up 10.5% in April
www.americanbankingnews.com - May 18 at 4:22 PM |
| Hope Bancorp Files 2016 Annual Report on Form 10-K
finance.yahoo.com - May 18 at 9:35 AM |
| Hope Bancorp to Participate in Piper Jaffray’s 2017 Financial Institutions Conference
finance.yahoo.com - May 12 at 6:23 PM |
 | BRIEF-Hope Bancorp files for non-timely 10-Q
www.reuters.com - May 11 at 11:22 PM |
| Hope Bancorp Inc (HOPE) Expected to Announce Quarterly Sales of $137.53 Million
www.americanbankingnews.com - May 10 at 9:32 AM |
| Zacks: Analysts Anticipate Hope Bancorp Inc (HOPE) to Announce $0.33 Earnings Per Share
www.americanbankingnews.com - May 8 at 8:14 PM |
| Hope Bancorp to Present at D.A. Davidson Financial Institutions Conference
finance.yahoo.com - May 5 at 4:18 PM |
| Hope Bancorp Extends CEO Kevin Kim’s Employment Agreement
finance.yahoo.com - May 3 at 4:32 PM |
| FIG Partners Weighs in on Hope Bancorp Inc's Q3 2017 Earnings (HOPE)
www.americanbankingnews.com - May 3 at 10:56 AM |
| Research Analysts Set Expectations for Hope Bancorp Inc's Q2 2017 Earnings (HOPE)
www.americanbankingnews.com - May 3 at 8:16 AM |
| Hope Bancorp Inc (HOPE) Upgraded to Outperform by FIG Partners
www.americanbankingnews.com - May 2 at 1:01 PM |
| Edited Transcript of HOPE earnings conference call or presentation 28-Apr-17 4:30pm GMT
finance.yahoo.com - April 29 at 9:24 AM |
 | Cover story: Can St. Paul beat its daytime blues?
www.bizjournals.com - April 28 at 10:12 AM |
| Hope Bancorp Appoints David P. Malone Senior Executive Vice President & Chief Operating Officer of Bank of Hope
finance.yahoo.com - April 28 at 10:12 AM |
| Investor Network: Hope Bancorp, Inc. to Host Earnings Call
finance.yahoo.com - April 28 at 10:12 AM |
 | Hope Bancorp misses Street 1Q forecasts
marketbeat.com - April 28 at 5:16 AM |
| Hope Bancorp Reports 2017 First Quarter Financial Results
finance.yahoo.com - April 27 at 11:21 PM |
Hope Bancorp (HOPE) Chart for Tuesday, July, 25, 2017
