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Hope Bancorp Inc (HOPE)
NASDAQ:HOPE
Hope Bancorp (HOPE) Stock Price & Analysis
86 Followers
HOPE Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$7.82 - $12.18
Previous Close$10.37
Volume512.34K
Average Volume (3M)693.13K
Market Cap
$1.27B
Enterprise Value$1.41B
Total Cash (Recent Filing)$0.00
Total Debt (Recent Filing)$158.34M
Price to Earnings (P/E)10.4
Beta0.87
Next Earnings
Jul 16, 2024EPS Estimate
$0.22Last Dividend Ex-Date
May 08, 2024Dividend Yield5.33%
Share Statistics
EPS (TTM)1.00
Shares Outstanding120,614,770
10 Day Avg. Volume1,002,788
30 Day Avg. Volume693,135
Standard Deviation0.11
R-Squared0.31
Alpha-0.00763
Financial Highlights & Ratios
Price to Book (P/B)0.75
Price to Sales (P/S)2.15
Price to Cash Flow (P/CF)10.40
P/FCF Ratio2.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.52
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$11.83Price Target Upside14.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
Hope Bancorp News
PremiumCompany Announcements
Hope Bancorp’s Annual Meeting Shapes Future Governance
PremiumCompany Announcements
Hope Bancorp Announces Dividend and Merger PlansBulls Say, Bears Say
Bulls Say
Cost SavingsCost savings are estimated at 25%-30% of TBNK's noninterest expense run rate, ~75% achieved in 2025.
Financial PerformanceThe merger with Territorial Bancorp is guided to be immediately accretive with double-digit percentage EPS growth.
Mergers & AcquisitionsHope Bancorp announced its acquisition of Territorial Bancorp that should drive double-digit EPS accretion in 2025.
Bears Say
Credit QualityCredit quality weakened as nonperforming assets more than doubled sequentially to $107 million or 78 basis points of loans.
Financial PerformanceNII guidance for the fourth quarter of 2024 was lowered to down 5%-7%, worse than the prior forecast of -4%.
Market ExpansionDeal risk exists via the expansion into a historically challenging market for mainland banks, and the purchase of a bank that has not been a significant grower in recent years.
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Ownership Overview
10.78% Insiders
31.66% Mutual Funds
30.76% Other Institutional Investors
26.79% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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HOPE FAQ
What was Hope Bancorp Inc’s price range in the past 12 months?
Hope Bancorp Inc lowest stock price was $7.82 and its highest was $12.18 in the past 12 months.
What is Hope Bancorp Inc’s market cap?
Currently, no data Available
When is Hope Bancorp Inc’s upcoming earnings report date?
Hope Bancorp Inc’s upcoming earnings report date is Jul 16, 2024 which is in 10 days.
How were Hope Bancorp Inc’s earnings last quarter?
Hope Bancorp Inc released its earnings results on Apr 29, 2024. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.262 by -$0.032.
Is Hope Bancorp Inc overvalued?
According to Wall Street analysts Hope Bancorp Inc’s price is currently Undervalued.
Does Hope Bancorp Inc pay dividends?
Hope Bancorp Inc pays a Quarterly dividend of $0.14 which represents an annual dividend yield of 5.33%. See more information on Hope Bancorp Inc dividends here
What is Hope Bancorp Inc’s EPS estimate?
Hope Bancorp Inc’s EPS estimate is $0.22.
How many shares outstanding does Hope Bancorp Inc have?
Hope Bancorp Inc has 120,614,770 shares outstanding.
What happened to Hope Bancorp Inc’s price movement after its last earnings report?
Hope Bancorp Inc reported an EPS of $0.23 in its last earnings report, missing expectations of $0.262. Following the earnings report the stock price went down -9.427%.
Which hedge fund is a major shareholder of Hope Bancorp Inc?
Among the largest hedge funds holding Hope Bancorp Inc’s share is Hotchkis & Wiley Capital Management LLC. It holds Hope Bancorp Inc’s shares valued at 12M.
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Hope Bancorp Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$11.83 (14.08% Upside)
$11.83 (14.08% Upside)
Blogger Sentiment
Bullish
HOPE Sentiment 100%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 239.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $398.3K over
the Last 3 Months
the Last 3 Months
Technicals
SMA
Negative
20 days / 200 days
Momentum
29.21%
12-Months-Change
Fundamentals
Return on Equity
5.77%
Trailing 12-Months
Asset Growth
-12.06%
Trailing 12-Months
Company Description
Hope Bancorp Inc
Hope Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Bank of Hope. It offers core business banking products for small and medium-sized businesses and individuals. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card, and mortgage loans. The company was founded in February 2000 and is headquartered in Los Angeles, CA.
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HOPE Company Deck
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HOPE Earnings Call
Q1 2024
0:00 / 0:00
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HOPE Stock 12 Month Forecast
Average Price Target
$11.83
▲(14.08% Upside)
Technical Analysis
Cathay General Bancorp
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First Interstate Bancsystem
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First Mid-Illinois Bancshares
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Simmons 1st Nat'l
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Best Analysts Covering HOPE
1 Year
1 Year Success Rate
5/6 ratings generated profit
1 Year Average Return
+8.48%
assigned a buy rating 2 months ago
Copying Gary Tenner's trades and holding each position for 1 Year would result in 83.33% of your transactions generating a profit, with an average return of +8.48% per trade.
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