NASDAQ:HOPE

Hope Bancorp Stock Forecast, Price & News

$13.25
-0.16 (-1.19 %)
(As of 07/30/2021 12:00 AM ET)
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Today's Range
$13.22
$13.51
50-Day Range
$12.62
$15.54
52-Week Range
$7.03
$16.61
Volume957,746 shs
Average Volume870,032 shs
Market Capitalization$1.64 billion
P/E Ratio10.52
Dividend Yield4.23%
Beta1.65
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Hope Bancorp logo

About Hope Bancorp

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services for small and medium-sized businesses, and individuals in the United States. The company accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. Its loan products include commercial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, and other business related financing needs; real estate loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, auto, credit card, and personal loans. The company also offers trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; warehouse lines of credit to mortgage loan originators; and commercial equipment lease financing. In addition, it provides cash management services, such as remote deposit capture, lock box, and ACH origination services; investment and wealth management services; mobile banking services; debit card services; foreign exchanges services, safe deposit boxes, and other customary bank services; internet banking services; and automated teller machine services. As of January 26, 2021, the company operated 58 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, and Alabama; SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, New York City, Northern California, and Houston; commercial loan production office in Northern California and Seattle; residential mortgage loan production offices in Southern 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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MarketRank

Overall MarketRank

2.29 out of 5 stars

Finance Sector

430th out of 2,041 stocks

National Commercial Banks Industry

50th out of 168 stocks

Analyst Opinion: 1.0Community Rank: 3.6Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Hope Bancorp (NASDAQ:HOPE) Frequently Asked Questions

Is Hope Bancorp a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Hope Bancorp stock. 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 analyst ratings for Hope Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Hope Bancorp?

Wall Street analysts have given Hope Bancorp a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Hope Bancorp wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Hope Bancorp's next earnings date?

Hope Bancorp is scheduled to release its next quarterly earnings announcement on Tuesday, October 19th 2021.
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 Monday, July, 19th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.05. The financial services provider had revenue of $137.65 million for the quarter, compared to analyst estimates of $135.16 million. Hope Bancorp had a net margin of 25.44% and a trailing twelve-month return on equity of 7.59%. The company's revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 earnings per share.
View Hope Bancorp's earnings history
.

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

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. Since then, HOPE stock has increased by 35.9% and is now trading at $13.25.
View which stocks have been most impacted by COVID-19
.

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

Hope Bancorp declared a quarterly dividend on Wednesday, July 21st. Shareholders of record on Friday, July 30th will be paid a dividend of $0.14 per share on Friday, August 13th. This represents a $0.56 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Thursday, July 29th.
View Hope Bancorp's dividend history
.

Is Hope Bancorp a good dividend stock?

Hope Bancorp pays an annual dividend of $0.56 per share and currently has a dividend yield of 4.23%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Hope Bancorp does not yet have a strong track record of dividend growth. The dividend payout ratio of Hope Bancorp is 62.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hope Bancorp will have a dividend payout ratio of 35.90% next year. This indicates that Hope Bancorp will be able to sustain or increase its dividend.
View Hope Bancorp's dividend history.

What price target have analysts set for HOPE?

2 Wall Street analysts have issued 12 month target prices for Hope Bancorp's shares. Their forecasts range from $8.00 to $8.00. On average, they expect Hope Bancorp's stock price to reach $8.00 in the next year. This suggests that the stock has a possible downside of 39.6%.
View analysts' price targets for Hope Bancorp
or view top-rated stocks among Wall Street analysts.

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 63, Pay $1.68M)
  • Mr. Alex Ko, Sr. EVP & CFO (Age 54, Pay $517.34k)
  • Ms. Kyu S. Kim, Sr. EVP & Regional Pres of Eastern Region-Bank of Hope (Age 60, Pay $536.82k)
  • Mr. Thomas P. Stenger, Exec. VP & Chief Risk Officer (Age 62, Pay $589.01k)
  • Mr. Daniel H. Kim, Exec. VP and Chief Strategy & Admin. Officer (Age 53)
  • Ms. Angie Yang, Sr. VP and Director of IR & Corp. Communications
  • Ms. Angelee J. Harris, Exec. VP, Gen. Counsel & Corp. Sec. (Age 51)
  • Mr. Jason K. Kim, Sr. EVP & Pres of Western Regional of Bank of Hope (Age 54)
  • Mr. Peter Koh, Exec. VP & Chief Credit Officer - Bank of Hope (Age 44)
  • Mr. Andy Chan, Exec. VP & Chief Internal Audit Exec.

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).

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 a number of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (0.17%), State of Alaska Department of Revenue (0.07%), Exchange Traded Concepts LLC (0.03%) and Rice Hall James & Associates LLC (0.02%). Company insiders that own Hope Bancorp stock include Chung Hyun Lee, Steven Koh and William J Lewis.
View institutional ownership trends for Hope Bancorp
.

Which institutional investors are buying Hope Bancorp stock?

HOPE stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Exchange Traded Concepts LLC, Rice Hall James & Associates LLC, and State of Alaska Department of Revenue.
View insider buying and selling activity for Hope Bancorp
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hope Bancorp's stock price today?

One share of HOPE stock can currently be purchased for approximately $13.25.

How much money does Hope Bancorp make?

Hope Bancorp has a market capitalization of $1.64 billion and generates $652.31 million in revenue each year. The financial services provider earns $111.51 million in net income (profit) each year or $0.90 on an earnings per share basis.

How many employees does Hope Bancorp have?

Hope Bancorp employs 1,408 workers across the globe.

What is Hope Bancorp's official website?

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

Where are Hope Bancorp's headquarters?

Hope Bancorp is headquartered at 3200 WILSHIRE BLVD SUITE 1400, LOS ANGELES CA, 90010.

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 8/1/2021 by MarketBeat.com Staff
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