NASDAQ:HOPE

Hope Bancorp (HOPE) Stock Price, News & Analysis

$11.07
+0.07 (+0.64%)
(As of 04:00 PM ET)
Today's Range
$10.85
$11.10
50-Day Range
$10.28
$11.51
52-Week Range
$7.42
$12.51
Volume
1.18 million shs
Average Volume
655,940 shs
Market Capitalization
$1.34 billion
P/E Ratio
9.88
Dividend Yield
5.06%
Price Target
$11.33

Hope Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.4% Upside
$11.33 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.41
Upright™ Environmental Score
News Sentiment
0.33mentions of Hope Bancorp in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
22.02%
From $1.09 to $1.33 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.47 out of 5 stars

Finance Sector

160th out of 855 stocks

National Commercial Banks Industry

24th out of 83 stocks

HOPE stock logo

About Hope Bancorp Stock (NASDAQ:HOPE)

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans. In addition, it provides internet banking and bill-pay, remote deposit capture, lock box, and ACH origination services; treasury management services; foreign currency exchange transactions; interest rate contracts and wealth management services; automated teller machine services; and engages in investment activities. Hope Bancorp, Inc. was founded in 1986 and is headquartered in Los Angeles, California.

HOPE Stock Price History

HOPE Stock News Headlines

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Company Calendar

Last Earnings
1/30/2024
Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Today
4/24/2024
Next Earnings (Confirmed)
4/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
National commercial banks
Sub-Industry
Regional Banks
Current Symbol
NASDAQ:HOPE
CUSIP
07329510
Employees
1,244
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$11.33
High Stock Price Target
$12.00
Low Stock Price Target
$11.00
Potential Upside/Downside
+3.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$133.67 million
Pretax Margin
16.25%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$1.36 per share
Book Value
$17.66 per share

Miscellaneous

Free Float
114,230,000
Market Cap
$1.32 billion
Optionable
Optionable
Beta
1.13
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Key Executives

  • Mr. Kevin Sung Kim J.D. (Age 66)
    Chairman, President & CEO
    Comp: $2.13M
  • Mr. Peter J. Koh (Age 47)
    Senior EVP & COO
    Comp: $511.89k
  • Ms. Kyu S. Kim (Age 63)
    Senior EVP & Regional President of Eastern Region-Bank of Hope
    Comp: $541.04k
  • Mr. Thomas P. StengerMr. Thomas P. Stenger (Age 65)
    Senior Executive VP & Chief Risk Officer
    Comp: $652.17k
  • Ms. Julianna Balicka (Age 46)
    Executive VP & CFO
  • Mr. Daniel H. Kim (Age 56)
    Executive VP and Chief Strategy & Administrative Officer
  • Ms. Angie Yang
    Senior VP and Director of IR & Corporate Communications
  • Ms. Angelee J. Harris (Age 54)
    Executive VP, General Counsel & Corporate Secretary
  • Mr. Jason K. Kim (Age 57)
    Senior EVP & President of Western Regional of Bank of Hope
    Comp: $343.35k
  • Mr. Andy Chan
    Executive VP & Chief Internal Audit Executive

HOPE Stock Analysis - Frequently Asked Questions

Should I buy or sell Hope Bancorp stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hope Bancorp in the last year. There are currently 3 hold ratings 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.

What is Hope Bancorp's stock price target for 2024?

3 analysts have issued 12-month price targets for Hope Bancorp's shares. Their HOPE share price targets range from $11.00 to $12.00. On average, they predict the company's share price to reach $11.33 in the next twelve months. This suggests a possible upside of 2.4% from the stock's current price.
View analysts price targets for HOPE
or view top-rated stocks among Wall Street analysts.

How have HOPE shares performed in 2024?

Hope Bancorp's stock was trading at $12.08 at the beginning of the year. Since then, HOPE stock has decreased by 8.4% and is now trading at $11.07.
View the best growth stocks for 2024 here
.

Are investors shorting Hope Bancorp?

Hope Bancorp saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 1,800,000 shares, a decline of 18.6% from the March 15th total of 2,210,000 shares. Based on an average trading volume of 664,600 shares, the short-interest ratio is currently 2.7 days. Approximately 1.6% of the shares of the company are sold short.
View Hope Bancorp's Short Interest
.

When is Hope Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 29th 2024.
View our HOPE earnings forecast
.

How can I listen to Hope Bancorp's earnings call?

Hope Bancorp will be holding an earnings conference call on Monday, April 29th at 12:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4889007".

How were Hope Bancorp's earnings last quarter?

Hope Bancorp, Inc. (NASDAQ:HOPE) posted its quarterly earnings results on Tuesday, January, 30th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.03. The financial services provider had revenue of $135.20 million for the quarter, compared to analysts' expectations of $138.47 million. Hope Bancorp had a net margin of 12.19% and a trailing twelve-month return on equity of 7.03%. During the same quarter in the previous year, the firm posted $0.43 EPS.

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

Hope Bancorp declared a quarterly dividend on Tuesday, January 30th. Investors of record on Friday, February 9th will be paid a dividend of $0.14 per share on Friday, February 23rd. This represents a $0.56 annualized dividend and a yield of 5.06%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for HOPE
.

Is Hope Bancorp a good dividend stock?

Hope Bancorp (NASDAQ:HOPE) pays an annual dividend of $0.56 per share and currently has a dividend yield of 5.19%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 50.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HOPE will have a dividend payout ratio of 42.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HOPE.

What ETFs hold Hope Bancorp's stock?
What other stocks do shareholders of Hope Bancorp own?
Who are Hope Bancorp's major shareholders?

Hope Bancorp's stock is owned by a variety of retail and institutional investors. Top institutional investors include Assenagon Asset Management S.A. (0.58%), Denali Advisors LLC (0.25%), Bridge City Capital LLC (0.14%), Hennion & Walsh Asset Management Inc. (0.03%), Drive Wealth Management LLC (0.01%) and CWM LLC (0.01%). Insiders that own company stock include Dale S Zuehls, Thomas Stenger and William J Lewis.
View institutional ownership trends
.

How do I buy shares of Hope Bancorp?

Shares of HOPE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:HOPE) was last updated on 4/24/2024 by MarketBeat.com Staff

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