Hope Bancorp Inc

Company Profile

Hope Bancorp Inc had its IPO on 1996-12-27 under the ticker symbol HOPE.

The company operates in the Financial Services sector and Banks-Regional industry. Hope Bancorp Inc has a staff strength of 1,469 employees.

Stock update

Shares of Hope Bancorp Inc opened at $9.34 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $9.21 - $9.45, and closed at $9.31.

This is a -0.11% slip from the previous day's closing price.

A total volume of 640,134 shares were traded at the close of the day’s session.

In the last one week, shares of Hope Bancorp Inc have slipped by -5.77%.

Hope Bancorp Inc's Key Ratios

Hope Bancorp Inc has a market cap of $1.12 billion, indicating a price to book ratio of 0.768 and a price to sales ratio of 2.4505.

In the last 12-months Hope Bancorp Inc’s revenue was $593.97 million with a gross profit of $620.22 million and an EBITDA of $0. The EBITDA ratio measures Hope Bancorp Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Hope Bancorp Inc’s operating margin was 45.13% while its return on assets stood at 0.95% with a return of equity of 8.98%.

In Q2, Hope Bancorp Inc’s quarterly earnings growth was a negative -26.3% while revenue growth was a negative 8.3%.

Hope Bancorp Inc’s PE and PEG Ratio

Forward PE

7.0972

Trailing PE

6.1316

PEG

1.34

Its diluted EPS in the last 12-months stands at $1.52 per share while it has a forward price to earnings multiple of 7.0972 and a PEG multiple of 1.34. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Hope Bancorp Inc’s profitability.

Hope Bancorp Inc stock is trading at a EV to sales ratio of 0 and a EV to EBITDA ratio of 0. Its price to sales ratio in the trailing 12-months stood at 2.4505.

Hope Bancorp Inc stock pays annual dividends of $0.56 per share, indicating a yield of 5.98% and a payout ratio of 36.6%.

Balance sheet and cash flow metrics

Total Assets

$20.37 billion

Total Liabilities

$109.24 million

Operating Cash Flow

$265.80 million

Capital Expenditure

$4.73 million

Dividend Payout Ratio

36.6%

Hope Bancorp Inc ended 2024 with $20.37 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $20.37 billion while shareholder equity stood at $2.07 billion.

Hope Bancorp Inc ended 2024 with $0 in deferred long-term liabilities, $109.24 million in other current liabilities, 137000.00 in common stock, $1.13 billion in retained earnings and $464.45 million in goodwill. Its cash balance stood at $2.30 billion and cash and short-term investments were $2.30 billion. The company’s total short-term debt was $659,000 while long-term debt stood at $2.37 billion.

Hope Bancorp Inc’s total current assets stands at $2.36 billion while long-term investments were $2.19 billion and short-term investments were $2.24 billion. Its net receivables were $60.12 million compared to accounts payable of $109.24 million and inventory worth $0.

In 2024, Hope Bancorp Inc's operating cash flow was $265.80 million while its capital expenditure stood at $4.73 million.

Comparatively, Hope Bancorp Inc paid $0.37 in dividends in 2024.

Other key metrics

Current Trading Price

$9.31

52-Week High

$14.0541

52-Week Low

$7.323

Analyst Target Price

$10.6

Hope Bancorp Inc stock is currently trading at $9.31 per share. It touched a 52-week high of $14.0541 and a 52-week low of $14.0541. Analysts tracking the stock have a 12-month average target price of $10.6.

Its 50-day moving average was $9.64 and 200-day moving average was $10.37 The short ratio stood at 3.23 indicating a short percent outstanding of 0%.

Around 483.5% of the company’s stock are held by insiders while 8772.5% are held by institutions.