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Hope Bancorp, Inc. (HOPE)

Stock Price: $8.78 USD 0.27 (3.17%)
Updated Aug 7, 2020 4:00 PM EDT - Market closed

Stock Price Chart

Key Info

Market Cap 1.08B
Revenue (ttm) 460.75M
Net Income (ttm) 154.24M
Shares Out 123.24M
EPS (ttm) 1.10
PE Ratio 7.98
Forward PE 9.82
Dividend $0.56
Dividend Yield 6.38%

Stock Quote

Trading Day Aug 7, 2020
Last Price $8.78
Previous Close $8.51
Change ($) 0.27
Change (%) 3.17%
Day's Open 8.34
Day's Range 8.27 - 8.80
Day's Volume 1,276,628
52-Week Range 7.06 - 15.51

More Stats

Market Cap 1.08B
Enterprise Value 1.29B
Earnings Date (est) Oct 21, 2020
Ex-Dividend Date Aug 7, 2020
Shares Outstanding 123.24M
Float 117.55M
EPS (basic) 1.23
EPS (diluted) 1.10
FCF / Share 1.39
Dividend $0.56
Dividend Yield 6.38%
Earnings Yield 12.53%
FCF Yield 16.30%
Payout Ratio 45.50%
Shares Short 2.85M
Short Ratio 3.32
Short % of Float 4.16%
Beta 1.62
PE Ratio 7.98
Forward PE 9.82
P/FCF Ratio 6.13
PS Ratio 2.35
PB Ratio 0.53
Revenue 460.75M
Operating Income 201.57M
Net Income 154.24M
Free Cash Flow 176.41M
Net Cash -208.62M
Net Cash / Share -1.69
Gross Margin 110.47%
Operating Margin 43.75%
Profit Margin 31.80%
FCF Margin 38.29%
ROA 0.85%
ROE 6.87%
ROIC 1.30%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (0)

Buy 0
Overweight 0
Hold 0
Underweight 0
Sell 0

Analyst Consensus: n/a

Price Target

$9.20*
(4.78% upside)
Low
9.00
Current: $8.78
High
10.00
Target: 9.20
*Average 12-month price target from 5 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue50953353040630929827625912548.24
Revenue Growth-4.54%0.52%30.59%31.56%3.55%8.11%6.67%106.8%159.17%-
Gross Profit50953353040630929827625912548.24
Operating Income22625526419115514813413849.16-15.14
Net Income17119013911492.2688.6281.7683.2227.12-7.24
Shares Outstanding12712913513579.5579.5079.2778.0446.8237.97
Earnings Per Share1.351.441.031.101.161.111.030.990.53-0.30
EPS Growth-6.25%39.81%-6.36%-5.17%4.5%7.77%4.04%86.79%--
Dividend Per Share0.560.540.500.450.420.350.250.05--
Dividend Growth3.7%8%11.11%7.14%20%40%400%---
Operating Cash Flow18422020413110813613410496.58136
Capital Expenditures-6.62-6.80-9.69-14.32-10.92-6.43-9.19-6.83-1.17-2.97
Free Cash Flow17721319411697.1812912597.6495.41133
Cash & Equivalents728489492437298462317313300172
Total Debt9891,1201,330857574525484473407413
Net Cash / Debt-261-631-838-420-276-62.86-168-160-107-240
Assets15,66715,30614,20713,4417,9137,1406,4755,6415,1672,963
Liabilities13,63113,40312,27811,5866,9756,2585,6664,8904,3712,605
Book Value2,0361,9031,9281,855938883809751796359
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name Hope Bancorp, Inc.
Country United States
Employees 1,441
CEO Kevin Sung Kim

Stock Information

Ticker Symbol HOPE
Stock Exchange NASDAQ
Sector Financial Services
Industry Banks—Regional
Unique Identifier NASDAQ: HOPE
IPO Date December 27, 1996

Description

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts. It also provides commercial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, and other business related financing needs; commercial real estate loans; small business administration (SBA) loans; and consumer loans, such as auto, home equity, single-family mortgage, and signature loans. In addition, the company offers trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; commercial equipment lease financing; and warehouse lines of credit to mortgage loan originators. Further, it provides cash management services, such as remote deposit capture, lock box, and ACH origination services; investment and wealth management services; mobile banking; debit and credit card services; foreign exchanges services, safe deposit boxes, and other customary bank services; Internet banking and bill-pay services; and automated teller machine services. As of December 31, 2019, Hope Bancorp, Inc. operated 58 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia, and Alabama; SBA loan production offices in Seattle, Denver, Dallas, Atlanta, Portland, Oregon, New York City, Northern California, and Houston; a commercial loan production office in Northern California and Seattle; residential mortgage loan production offices in California; and a representative office in Seoul, Korea. The company was formerly known as BBCN Bancorp, Inc. and changed its name to Hope Bancorp, Inc. in August 2016. Hope Bancorp, Inc. was incorporated in 2000 and is headquartered in Los Angeles, California.