NASDAQ:HOPE

Hope Bancorp (HOPE) Stock Price, News & Analysis

$10.40
+0.15 (+1.46%)
(As of 12:03 PM ET)
Today's Range
$10.31
$10.46
50-Day Range
$9.93
$11.51
52-Week Range
$7.42
$12.51
Volume
136,535 shs
Average Volume
673,831 shs
Market Capitalization
$1.25 billion
P/E Ratio
10.40
Dividend Yield
5.38%
Price Target
$11.83

Hope Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
15.4% Upside
$11.83 Price Target
Short Interest
Healthy
1.56% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.41
Upright™ Environmental Score
News Sentiment
0.36mentions of Hope Bancorp in the last 14 days
Based on 39 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.57%
From $1.05 to $1.35 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.

4.84 out of 5 stars

Finance Sector

75th out of 858 stocks

National Commercial Banks Industry

14th out of 86 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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Hope Bancorp (NASDAQ:HOPE) Upgraded to Buy by DA Davidson
3M earnings: here's what Wall Street expects
See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Last Earnings
4/29/2024
Today
5/02/2024
Ex-Dividend for 5/23 Dividend
5/08/2024
Dividend Payable
5/23/2024
Next Earnings (Estimated)
7/22/2024
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
$11.83
High Stock Price Target
$12.50
Low Stock Price Target
$11.00
Potential Upside/Downside
+15.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$133.67 million
Pretax Margin
14.44%

Debt

Sales & Book Value

Annual Sales
$1.09 billion
Cash Flow
$1.38 per share
Book Value
$17.51 per share

Miscellaneous

Free Float
114,230,000
Market Cap
$1.24 billion
Optionable
Optionable
Beta
1.13
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Key Executives

  • Mr. Kevin Sung Kim J.D. (Age 66)
    Chairman, President & CEO
    Comp: $1.77M
  • Ms. Julianna Balicka (Age 46)
    Executive VP & CFO
    Comp: $586.5k
  • Mr. Peter J. Koh (Age 47)
    Senior EVP & COO
    Comp: $619.96k
  • Mr. Thomas P. StengerMr. Thomas P. Stenger (Age 64)
    Senior EVP & Chief Risk Officer
    Comp: $736.55k
  • Ms. Kyu S. Kim (Age 63)
    Senior EVP & Chief Commercial Banking Officer of Bank of Hope
    Comp: $611.39k
  • 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 twelve months. There are currently 2 hold ratings and 1 buy 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.

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

3 Wall Street research analysts have issued 12 month price objectives for Hope Bancorp's stock. Their HOPE share price targets range from $11.00 to $12.50. On average, they expect the company's share price to reach $11.83 in the next year. This suggests a possible upside of 15.4% 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 start of the year. Since then, HOPE shares have decreased by 15.1% and is now trading at $10.25.
View the best growth stocks for 2024 here
.

Are investors shorting Hope Bancorp?

Hope Bancorp saw a drop in short interest in March. As of March 31st, there was short interest totaling 1,800,000 shares, a drop of 18.6% from the March 15th total of 2,210,000 shares. Based on an average daily trading volume, of 664,600 shares, the short-interest ratio is presently 2.7 days. Approximately 1.6% of the shares of the stock 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, July 22nd 2024.
View our HOPE earnings forecast
.

How were Hope Bancorp's earnings last quarter?

Hope Bancorp, Inc. (NASDAQ:HOPE) announced its earnings results on Monday, April, 29th. The financial services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.05. The financial services provider had revenue of $123.30 million for the quarter, compared to the consensus estimate of $130.42 million. Hope Bancorp had a trailing twelve-month return on equity of 6.43% and a net margin of 10.80%. Hope Bancorp's revenue was down 14.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS.

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

Hope Bancorp announced a quarterly dividend on Monday, April 29th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.14 per share on Thursday, May 23rd. This represents a $0.56 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend is Wednesday, May 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 5.59%. HOPE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 56.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HOPE will have a dividend payout ratio of 41.48% 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 many different institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.58%), Principal Financial Group Inc. (0.52%), Denali Advisors LLC (0.25%), New York State Teachers Retirement System (0.21%), BNP Paribas Financial Markets (0.17%) and Bridge City Capital LLC (0.14%). 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 5/2/2024 by MarketBeat.com Staff

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