Hope Bancorp (HOPE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $13.17 to $13.42
• 50-Day Range: $12.04 to $14.35
• 52-Week Range: $9.45 to $14.53
• Volume: 426,766 shs
• Average Volume: 808,826 shs
• Market Capitalization: $1.61 billion
• P/E Ratio: 15.92
• Dividend Yield: 4.19%
• Price Target: $12.50
• Consensus Rating: Hold

Hope Bancorp Stock Analysis - MarketRank™

Hope Bancorp scored higher than 95% of companies evaluated by MarketBeat, and ranked 91st out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Hope Bancorp has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hope Bancorp has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 40.00%

Earnings Growth

Earnings for Hope Bancorp are expected to grow by 40.00% in the coming year, from $0.85 to $1.19 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hope Bancorp is 15.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hope Bancorp is 15.92, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

Price to Book Value per Share Ratio

Hope Bancorp has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.65% of the float of Hope Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Hope Bancorp has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hope Bancorp has recently decreased by 30.77%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Hope Bancorp is a leading dividend payer. It pays a dividend yield of 4.20%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Hope Bancorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hope Bancorp is 66.67%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Hope Bancorp will have a dividend payout ratio of 47.06% next year. This indicates that Hope Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.41

Percentage of Shares Shorted

1.65% of the float of Hope Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Hope Bancorp has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Hope Bancorp has recently decreased by 30.77%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: 0.91

News Sentiment

Hope Bancorp has a news sentiment score of 0.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Hope Bancorp this week, compared to 13 articles on an average week.

Search Interest

Only 1 people have searched for HOPE on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Hope Bancorp insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $541,733.00 in company stock.

Percentage Held by Insiders

Only 5.29% of the stock of Hope Bancorp is held by insiders.

Percentage Held by Institutions

84.00% of the stock of Hope Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HOPE Stock Analysis - Frequently Asked Questions

How have HOPE shares performed this year?

Hope Bancorp's stock was trading at $12.08 at the beginning of the year. Since then, HOPE shares have increased by 10.7% and is now trading at $13.37.
View the best growth stocks for 2024 here.

How were Hope Bancorp's earnings last quarter?

Hope Bancorp, Inc. (NASDAQ:HOPE) released its earnings results on Monday, October, 28th. The financial services provider reported $0.21 EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.01. The financial services provider earned $246.92 million during the quarter, compared to the consensus estimate of $121.67 million. Hope Bancorp had a net margin of 9.81% and a trailing twelve-month return on equity of 5.52%.

Who are Hope Bancorp's major shareholders?

Hope Bancorp's top institutional shareholders include State Street Corp (5.10%), Wellington Management Group LLP (3.77%), Geode Capital Management LLC (2.35%) and Charles Schwab Investment Management Inc. (1.94%). Insiders that own company stock include Steven Koh, Daisy Y Ha, David P Malone, Dale S Zuehls, William J Lewis, Thomas Stenger, Angelee Harris and Jinho Doo.
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.

What other stocks do shareholders of Hope Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hope Bancorp investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR), Humana (HUM) and Voyager Therapeutics (VYGR).

Company Calendar

• Ex-Dividend for 8/22 Dividend: 8/08/2024
• Dividend Payable: 8/22/2024
• Last Earnings: 10/28/2024
• Ex-Dividend for 11/21 Dividend: 11/07/2024
• Today: 11/20/2024
• Dividend Payable: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: National commercial banks
• Sub-Industry: Regional Banks
• Current Symbol: NASDAQ:HOPE
• CUSIP: 07329510
• CIK: 1128361
• Web: www.bankofhope.com
• Phone: (213) 639-1700
• Fax: 213-235-3033
• Employees: 1,244
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $12.50
• High Stock Price Target: $14.00
• Low Stock Price Target: $11.00
• Potential Upside/Downside: -6.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.84
• Trailing P/E Ratio: 15.92
• Forward P/E Ratio: 15.73
• P/E Growth: N/A
• Net Income: $133.67 million
• Net Margins: 9.81%
• Pretax Margin: 13.13%
• Return on Equity: 5.52%
• Return on Assets: 0.65%

Debt

• Debt-to-Equity Ratio: 0.10
• Current Ratio: 0.96
• Quick Ratio: 0.96

Sales & Book Value

• Annual Sales: $1.09 billion
• Price / Sales: 1.47
• Cash Flow: $1.33 per share
• Price / Cash Flow: 10.08
• Book Value: $17.66 per share
• Price / Book: 0.76

Miscellaneous

• Outstanding Shares: 120,740,000
• Free Float: 114,352,000
• Market Cap: $1.61 billion
• Optionable: Optionable
• Beta: 1.13