HOPE - Hope Bancorp Inc Stock Price, Fair Value and News

11.07USD+0.07 (+0.64%)Market Closed

Market Summary

USD11.07+0.07

Market Closed

0.64%

HOPE Stock Price

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HOPE RSI Chart

HOPE Valuation

Market Cap

1.3B

Price/Earnings (Trailing)

9.95

Price/Sales (Trailing)

1.27

EV/EBITDA

-0.83

Price/Free Cashflow

2.89

HOPE Price/Sales (Trailing)

HOPE Profitability

EBT Margin

16.96%

Return on Equity

6.3%

Return on Assets

0.7%

Free Cashflow Yield

34.64%

HOPE Fundamentals

HOPE Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

20.06%

Rev. Growth (Qtr)

-2.38%

HOPE Earnings

Earnings (TTM)

133.7M

Earnings Growth (Yr)

-48.78%

Earnings Growth (Qtr)

-11.87%

Breaking Down HOPE Revenue

Last 7 days

7.7%

Last 30 days

-0.4%

Last 90 days

-5.9%

Trailing 12 Months

21.5%

How does HOPE drawdown profile look like?

HOPE Financial Health

HOPE Investor Care

Dividend Yield

5.06%

Dividend/Share (TTM)

0.56

Shares Dilution (1Y)

0.53%

Diluted EPS (TTM)

1.12

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	807.9M	917.3M	1.0B	1.0B
2022	573.1M	590.7M	637.0M	716.1M
2021	570.3M	565.4M	563.1M	566.5M
2020	678.5M	650.1M	622.9M	598.9M
2019	672.9M	686.4M	691.0M	684.8M
2018	589.8M	611.1M	631.3M	650.2M
2017	471.2M	526.2M	554.3M	572.1M
2016	322.6M	329.0M	369.5M	421.9M
2015	303.9M	304.5M	306.5M	313.7M
2014	289.7M	296.8M	301.8M	302.7M
2013	266.1M	268.5M	275.1M	283.1M
2012	193.3M	222.9M	249.4M	267.9M
2011	149.0M	149.7M	151.5M	161.9M
2010	0	155.5M	153.0M	150.4M
2009	0	0	0	158.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

Tracking the Latest Insider Buys and Sells of Hope Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	koh peter	sold (taxes)	-45,101	11.03	-4,089	sevp & coo
Mar 22, 2024	harris angelee	sold (taxes)	-32,880	11.03	-2,981	evp, general counsel
Mar 22, 2024	kim kyu s.	sold (taxes)	-41,969	11.03	-3,805	sevp, eastern regional pres.
Mar 22, 2024	kim kevin sung	sold (taxes)	-217,964	11.03	-19,761	chairman, pres & ceo
Mar 22, 2024	stenger thomas	sold (taxes)	-57,797	11.03	-5,240	sevp, chief risk officer
Mar 22, 2024	campbell craig lewis	sold (taxes)	-32,681	11.03	-2,963	evp, chief corp banking ofr.
Mar 17, 2024	campbell craig lewis	acquired	11,728	10.77	1,089	evp, chief corp banking ofr.
Mar 15, 2024	koh peter	sold (taxes)	-14,905	10.77	-1,384	sevp & coo
Mar 15, 2024	kim kevin sung	acquired	370,499	10.77	34,401	chairman, pres & ceo
Mar 15, 2024	campbell craig lewis	acquired	31,437	10.77	2,919	evp, chief corp banking ofr.

Which funds bought or sold HOPE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	AMALGAMATED BANK	reduced	-18.45	-121,000	423,000	-%
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-1.00	-41,163	684,845	0.01%
Apr 23, 2024	Global Retirement Partners, LLC	unchanged	-	5.00	391	-%
Apr 23, 2024	FIFTH THIRD BANCORP	unchanged	-	-1,206	24,355	-%
Apr 22, 2024	MetLife Investment Management, LLC	unchanged	-	198,325	741,724	-%
Apr 22, 2024	RAYMOND JAMES & ASSOCIATES	reduced	-0.73	-64,173	1,121,680	-%
Apr 22, 2024	DRIVE WEALTH MANAGEMENT, LLC	new	-	116,394	116,394	0.03%
Apr 19, 2024	Maryland State Retirement & Pension System	unchanged	-	-74,863	452,453	0.01%
Apr 19, 2024	State of Alaska, Department of Revenue	reduced	-0.96	-50,000	842,000	0.01%
Apr 19, 2024	Westside Investment Management, Inc.	unchanged	-	-1,995	40,285	0.01%

Are Funds Buying or Selling HOPE?

Are funds buying HOPE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own HOPE

No. of Funds

Unveiling Hope Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	11.43%	13,730,473	SC 13G/A
Feb 12, 2024	fuller & thaler asset management, inc.	6.08%	7,297,172	SC 13G/A
Feb 09, 2024	dimensional fund advisors lp	5.6%	6,770,120	SC 13G/A
Jan 23, 2024	blackrock inc.	14.6%	17,572,493	SC 13G/A
Jan 22, 2024	state street corp	4.79%	5,758,529	SC 13G/A
Feb 14, 2023	fuller & thaler asset management, inc.	6.92%	8,271,752	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	7.9%	9,455,535	SC 13G/A
Feb 09, 2023	vanguard group inc	11.88%	14,195,290	SC 13G/A
Feb 01, 2023	state street corp	5.06%	6,044,082	SC 13G/A
Jan 26, 2023	blackrock inc.	14.7%	17,504,904	SC 13G/A

Recent SEC filings of Hope Bancorp Inc

View All Filings

Date Filed	Form Type	Document
Apr 12, 2024	ARS	ARS
Apr 12, 2024	DEF 14A	DEF 14A
Apr 12, 2024	DEFA14A	DEFA14A
Mar 27, 2024	PRE 14A	PRE 14A
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading
Mar 26, 2024	4	Insider Trading

Peers (Alternatives to Hope Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	556.1B	171.1B	-0.89%	40.25%	11.22	3.25	60.72%	31.52%
BAC	301.8B	130.3B	3.99%	32.91%	11.38	2.32	79.51%	-3.68%
WFC	216.8B	85.7B	6.82%	49.45%	11.33	2.53	41.49%	39.96%
C	119.4B	133.3B	2.49%	30.42%	12.94	0.9	79.09%	-
CFG	16.3B	10.2B	0.65%	23.03%	10.13	1.6	44.53%	-22.43%
KEY	13.9B	7.9B	-1.71%	42.46%	14.42	1.76	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.67%	30.02%	7.96	1.68	56.25%	-23.46%
ZION	6.2B	3.9B	2.80%	57.76%	9.19	1.58	45.91%	-25.03%
ABCB	3.3B	1.3B	2.99%	50.41%	12.38	2.6	43.24%	-22.35%
ASB	3.2B	2.0B	3.49%	25.83%	17.62	1.65	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	414.5M	164.9M	-2.10%	42.66%	35.44	2.51	42.66%	-70.76%
AROW	380.2M	162.6M	-5.51%	7.64%	12.64	2.34	25.39%	-38.37%
ACNB	284.2M	96.6M	-4.81%	8.26%	8.97	2.94	11.02%	-11.37%
ASRV	47.3M	60.9M	2.22%	-5.80%	-14.14	0.78	24.06%	-144.92%

Hope Bancorp Inc News

Latest updates

Hope Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-2.4%	269	276	267	237	224	189	158	145	145	143	140	138	142	145	145	167	166	172	173	173	172
EBITDA Margin	-11.6%	0.69*	0.78*	0.91*	1.07*	1.25*	1.38*	1.46*	1.48*	1.44*	1.36*	1.26*	1.16*	-	-	-	-	-	-	-	-	-
Interest Expenses	-7.0%	126	135	131	134	151	153	142	133	133	130	127	123	121	118	110	119	114	116	117	120	122
Income Taxes	-28.5%	7.00	10.00	13.00	14.00	18.00	20.00	19.00	21.00	19.00	20.00	18.00	14.00	5.00	9.00	10.00	6.00	12.00	15.00	14.00	14.00	16.00
Earnings Before Taxes	-16.0%	34.00	40.00	51.00	53.00	70.00	73.00	71.00	82.00	71.00	75.00	72.00	58.00	34.00	40.00	37.00	32.00	55.00	57.00	57.00	57.00	61.00
EBT Margin	-20.5%	0.17*	0.21*	0.27*	0.33*	0.41*	0.47*	0.51*	0.52*	0.49*	0.42*	0.36*	0.29*	-	-	-	-	-	-	-	-	-
Net Income	-11.9%	26.00	30.00	38.00	39.00	52.00	54.00	52.00	61.00	52.00	55.00	54.00	44.00	28.00	30.00	27.00	26.00	43.00	43.00	43.00	43.00	44.00
Net Income Margin	-19.5%	0.13*	0.16*	0.20*	0.24*	0.30*	0.34*	0.37*	0.39*	0.36*	0.32*	0.28*	0.23*	-	-	-	-	-	-	-	-	-
Free Cashflow	-59.6%	77.00	189	122	73.00	116	99.00	81.00	182	99.00	79.00	83.00	57.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-4.7%	19,132	20,076	20,366	20,569	19,164	19,083	18,089	17,804	17,889	17,799	17,470	17,199	17,107	16,734	17,169	16,021	15,667	15,380	15,339	15,399	15,306
Cash Equivalents	-22.9%	1,929	2,500	2,302	2,213	507	331	197	280	316	627	837	377	351	629	1,469	802	699	549	610	613	460
Net PPE	-2.2%	51.00	52.00	51.00	48.00	47.00	46.00	46.00	46.00	46.00	45.00	45.00	48.00	48.00	50.00	51.00	51.00	52.00	53.00	53.00	53.00	54.00
Goodwill	0%	465	465	465	465	464	464	465	465	465	464	465	464	465	465	464	465	464	465	465	464	465
Liabilities	-5.7%	17,010	18,046	18,298	18,510	17,145	17,108	16,089	15,763	15,796	15,725	15,377	15,153	15,053	14,693	15,138	14,003	13,631	13,349	13,344	13,452	13,403
Shareholder's Equity	4.5%	2,121	2,030	2,068	2,059	2,019	1,976	2,000	2,041	2,093	2,074	2,093	2,046	2,054	2,041	2,031	2,018	2,036	2,031	1,995	1,946	1,903
Retained Earnings	0.8%	1,151	1,141	1,128	1,106	1,084	1,049	1,012	976	933	898	860	823	786	775	762	752	762	737	712	687	662
Additional Paid-In Capital	0.2%	1,440	1,437	1,434	1,431	1,431	1,428	1,425	1,423	1,422	1,420	1,418	1,417	1,435	1,433	1,431	1,429	1,428	1,427	1,425	1,424	1,423
Shares Outstanding	0.1%	120	120	120	120	119	119	119	120	120	120	124	123	-	-	-	-	-	-	-	-	-
Float	-	-	-	962	-	-	-	1,575	-	-	-	1,678	-	-	-	1,088	-	-	-	1,659	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-59.3%	79.00	193	126	76.00	118	101	83.00	184	101	81.00	84.00	58.00	44.00	23.00	28.00	72.00	35.00	59.00	17.00	73.00	40.00
Share Based Compensation	17.9%	4.00	3.00	3.00	2.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	3.00	2.00	2.00	2.00	2.00	1.00	2.00	2.00	1.00	1.00
Cashflow From Investing	-3.4%	353	366	266	305	44.00	-921	-449	-147	-470	-562	170	-130	-680	-426	-455	-272	-147	-94.34	100	105	-129
Cashflow From Financing	-178.2%	-1,003	-360	-302	1,325	13.00	955	283	-71.83	58.00	272	207	98.00	358	-436	1,094	304	262	-25.53	-119	-24.38	27.00
Buy Backs	-	-	-	-	-	-	-	-	-	3.00	47.00	-	-	-	-	-	37.00	13.00	-	-	-	50.00

HOPE Income Statement

2023-12-31

Consolidated Statements Of Income - USD ($) $ in Thousands	12 Months Ended
Consolidated Statements Of Income - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
INTEREST INCOME:
Interest and fees on loans	$ 892,563	$ 660,732	$ 528,174
Interest on investment securities	66,063	52,220	35,492
Interest-bearing Deposits in Banks and Other Financial Institutions	87,361	1,295	1,302
Interest on other investments	2,891	1,868	1,564
Total interest income	1,048,878	716,115	566,532
INTEREST EXPENSE:
Interest on deposits	441,231	114,839	42,011
Interest Expense, FHLB and FRB borrowings	69,365	11,525	2,561
Interest on other borrowings and debt	12,421	11,330	9,190
Total interest expense	523,017	137,694	53,762
NET INTEREST INCOME BEFORE PROVISION (CREDIT) FOR CREDIT LOSSES	525,861	578,421	512,770
PROVISION (CREDIT) FOR CREDIT LOSSES	29,100	9,600	(12,200)
NET INTEREST INCOME AFTER PROVISION (CREDIT) FOR CREDIT LOSSES	496,761	568,821	524,970
NONINTEREST INCOME:
Service fees on deposit accounts	9,466	8,938	7,275
International service fees	3,365	3,134	3,586
Wire transfer fees	3,322	3,477	3,519
Swap fees	711	2,605	1,458
Net gains on sales of SBA loans	4,097	16,343	8,448
Net gains on sales of residential mortgage loans	290	882	4,435
Other income and fees	24,326	16,018	14,873
Total noninterest income	45,577	51,397	43,594
NONINTEREST EXPENSE:
Salaries and employee benefits	207,871	204,719	175,151
Occupancy	28,868	28,267	28,898
Furniture and equipment	21,378	19,434	18,079
Data processing and communications	11,606	10,683	10,331
Professional fees	6,464	6,314	12,168
Amortization of investments in affordable housing partnerships	8,195	8,742	11,067
FDIC assessments	13,296	6,248	5,109
FDIC special assessment	3,971	0	0
Earned interest credit	22,399	10,998	1,842
Software impairment	0	0	2,146
Restructuring Costs	11,576	0	0
Other noninterest expense	28,827	28,765	28,501
Total noninterest expense	364,451	324,170	293,292
INCOME BEFORE INCOME TAXES	177,887	296,048	275,272
INCOME TAX PROVISION	44,214	77,771	70,700
NET INCOME	$ 133,673	$ 218,277	$ 204,572
Earnings Per Share [Abstract]
Basic (in dollars per share)	$ 1.11	$ 1.82	$ 1.67
Diluted (in dollars per share)	$ 1.11	$ 1.81	$ 1.66

About Hope Bancorp Inc

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. It 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 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. The company was founded in 1986 and is headquartered in Los Angeles, California.

CEO	Mr. Kevin Sung Kim J.D.
WEBSITE	bankofhope.com
INDUSTRY	Banks Diversified
EMPLOYEES	1469

Hope Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Hope Bancorp Inc? What does HOPE stand for in stocks?

HOPE is the stock ticker symbol of Hope Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Hope Bancorp Inc (HOPE)?

As of Wed Apr 24 2024, market cap of Hope Bancorp Inc is 1.33 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of HOPE stock?

You can check HOPE's fair value in chart for subscribers.

What is the fair value of HOPE stock?

You can check HOPE's fair value in chart for subscribers. The fair value of Hope Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Hope Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for HOPE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Hope Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether HOPE is over valued or under valued. Whether Hope Bancorp Inc is cheap or expensive depends on the assumptions which impact Hope Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for HOPE.

What is Hope Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Apr 24 2024, HOPE's PE ratio (Price to Earnings) is 9.95 and Price to Sales (PS) ratio is 1.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. HOPE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Hope Bancorp Inc's stock?

In the past 10 years, Hope Bancorp Inc has provided -0.003 (multiply by 100 for percentage) rate of return.