Financial Services - Banks - Regional - NASDAQ - US
$ 13.51
-0.442 %
$ 1.63 B
Market Cap
16.28
P/E
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. The company 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 trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; warehouse lines of credit to mortgage loan originators; and commercial equipment lease financing.[ Read More ]
The intrinsic value of one HOPE stock under the base case scenario is HIDDEN Compared to the current market price of 13.5 USD, Hope Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart HOPE
FINANCIALS
571 M
REVENUE
198 M
OPERATING INCOME
134 M
NET INCOME
474 M
OPERATING CASH FLOW
1.29 B
INVESTING CASH FLOW
-341 M
FINANCING CASH FLOW
247 M
REVENUE
33.5 M
OPERATING INCOME
24.2 M
NET INCOME
63.8 M
OPERATING CASH FLOW
32 M
INVESTING CASH FLOW
-68.9 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Hope Bancorp, Inc.
| Current Assets | 1.93 B |
| Cash & Short-Term Investments | 1.93 B |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 33.7 B |
| Long-Term Investments | 2.51 B |
| PP&E | 97.2 M |
| Other Non-Current Assets | 31.1 B |
| Current Liabilities | 16 B |
| Accounts Payable | 168 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 15.8 B |
| Non-Current Liabilities | 1.05 B |
| Long-Term Debt | 161 M |
| Other Non-Current Liabilities | 890 M |
EFFICIENCY
Earnings Waterfall
Hope Bancorp, Inc.
| Revenue | 571 M |
| Cost Of Revenue | -523 M |
| Gross Profit | 1.09 B |
| Operating Expenses | 276 M |
| Operating Income | 198 M |
| Other Expenses | 64 M |
| Net Income | 134 M |
RATIOS
191.53%
GROSS MARGIN
34.59%
OPERATING MARGIN
23.39%
NET MARGIN
6.30%
ROE
0.70%
ROA
6.66%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Hope Bancorp, Inc.
| Net Income | 134 M |
| Depreciation & Amortization | 30.9 M |
| Capital Expenditures | -13.1 M |
| Stock-Based Compensation | 12.3 M |
| Change in Working Capital | 216 M |
| Others | 160 M |
| Free Cash Flow | 461 M |
Wall Street Analysts Price Targets
Hope Bancorp, Inc.
Wall Street analysts predict an average 1-year price target for HOPE of $13.8 , with forecasts ranging from a low of $12.5 to a high of $15 .
HOPE Lowest Price Target
Wall Street Target
12.5 USD
-7.48%
HOPE Average Price Target
Wall Street Target
13.8 USD
1.78%
HOPE Highest Price Target
Wall Street Target
15 USD
11.03%
4. DIVIDEND ANALYSIS
1.11%
DIVIDEND YIELD
0.14 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Hope Bancorp, Inc.
Sold
0-3 MONTHS
727 K USD 5
3-6 MONTHS
434 K USD 3
6-9 MONTHS
0 USD 0
9-12 MONTHS
18.3 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
1 week ago
Nov 07, 2024
|
Sell 375 K USD
|
HA DAISY Y
Director |
- 27104
|
13.8297 USD |
|
1 week ago
Nov 06, 2024
|
Sell 15.6 K USD
|
Stenger Thomas
SEVP, Chief Risk Officer |
- 1250
|
12.5 USD |
|
2 months ago
Sep 04, 2024
|
Sell 18.7 K USD
|
Harris Angelee
EVP, General Counsel |
- 1500
|
12.48 USD |
|
2 months ago
Aug 29, 2024
|
Sell 133 K USD
|
Malone David P
Director |
- 10428
|
12.7128 USD |
|
2 months ago
Aug 19, 2024
|
Sell 133 K USD
|
Doo Jinho
Director |
- 10703
|
12.3954 USD |
|
2 months ago
Aug 20, 2024
|
Sell 52.5 K USD
|
Doo Jinho
Director |
- 4297
|
12.2227 USD |
|
3 months ago
Aug 16, 2024
|
Sell 39.7 K USD
|
Stenger Thomas
SEVP, Chief Risk Officer |
- 3200
|
12.4 USD |
|
5 months ago
Jun 11, 2024
|
Sell 38.3 K USD
|
Koh Steven
Director |
- 3857
|
9.941 USD |
|
5 months ago
Jun 12, 2024
|
Sell 311 K USD
|
Koh Steven
Director |
- 30543
|
10.1846 USD |
|
5 months ago
May 21, 2024
|
Sell 44.9 K USD
|
Harris Angelee
EVP, General Counsel |
- 4200
|
10.68 USD |
|
11 months ago
Dec 14, 2023
|
Sell 18.3 K USD
|
Stenger Thomas
SEVP, Chief Risk Officer |
- 1500
|
12.19 USD |
|
1 year ago
Sep 08, 2023
|
Sell 28 K USD
|
Stenger Thomas
SEVP, Chief Risk Officer |
- 3000
|
9.34 USD |
|
1 year ago
Jun 06, 2023
|
Sell 31.4 K USD
|
Stenger Thomas
SEVP, Chief Risk Officer |
- 3418
|
9.196 USD |
|
1 year ago
May 03, 2023
|
Bought 801 USD
|
Zuehls Dale S.
Director |
+ 98
|
8.1754 USD |
|
1 year ago
May 02, 2023
|
Bought 100 K USD
|
Zuehls Dale S.
Director |
+ 12402
|
8.09 USD |
|
1 year ago
May 02, 2023
|
Sell 40.6 K USD
|
Stenger Thomas
SEVP, Chief Risk Officer |
- 4582
|
8.86 USD |
|
1 year ago
Mar 15, 2023
|
Bought 106 K USD
|
LEWIS WILLIAM J
Director |
+ 10000
|
10.604 USD |
|
2 years ago
Sep 13, 2022
|
Sell 107 K USD
|
LEWIS WILLIAM J
Director |
- 7500
|
14.23 USD |
|
3 years ago
Aug 24, 2021
|
Sell 51.5 K USD
|
Stenger Thomas
EVP, Chief Risk Officer |
- 3694
|
13.93 USD |
|
4 years ago
Jun 12, 2020
|
Sell 505 K USD
|
Koh Steven
Director |
- 55439
|
9.118 USD |
|
4 years ago
Jun 08, 2020
|
Sell 1.21 M USD
|
Koh Steven
Director |
- 110681
|
10.943 USD |
|
4 years ago
Jun 04, 2020
|
Sell 877 K USD
|
Koh Steven
Director |
- 90000
|
9.741 USD |
|
4 years ago
Jun 05, 2020
|
Sell 1.44 M USD
|
Koh Steven
Director |
- 135171
|
10.643 USD |
|
4 years ago
Jun 01, 2020
|
Sell 55.4 K USD
|
Koh Steven
Director |
- 5760
|
9.61 USD |
|
4 years ago
Jun 02, 2020
|
Sell 179 K USD
|
Koh Steven
Director |
- 18875
|
9.466 USD |
|
4 years ago
Jun 03, 2020
|
Sell 302 K USD
|
Koh Steven
Director |
- 30913
|
9.775 USD |
|
4 years ago
May 27, 2020
|
Sell 518 K USD
|
Koh Steven
Director |
- 50000
|
10.363 USD |
|
4 years ago
May 28, 2020
|
Sell 415 K USD
|
Koh Steven
Director |
- 41081
|
10.107 USD |
|
4 years ago
May 07, 2020
|
Bought 21.7 K USD
|
LEWIS WILLIAM J
Director |
+ 2500
|
8.69 USD |
7. News
Blue Hill Advisors to Territorial Shareholders: No Risk to Territorial if Board Engages with Us
Hope Cannot Walk Away if Board Allows Investors to Perform Due Diligence Hope Can Only Walk Away if Board Changes Recommendation or Breaches Merger Agreement Calls on Board to Exercise Risk-Free Option to Explore Potentially Superior Offer Encourages Territorial Shareholders to Force Another Postponement by Voting AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 Responds to Illogical Board Excuses for not Engaging with Investors HONOLULU , Oct. 29, 2024 /PRNewswire/ -- Blue Hill Advisors today issued the following open letter to shareholders of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK). Dear Fellow Territorial Shareholders, Territorial's Board of Directors has flooded you with materials urging you to support the Company's proposed sale to Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) and dismiss our proposal.
prnewswire.com
- 2 weeks ago
Hope Bancorp, Inc. (HOPE) Q3 2024 Earnings Call Transcript
Hope Bancorp, Inc. (NASDAQ:HOPE ) Q3 2024 Earnings Conference Call October 28, 2024 12:30 PM ET Company Participants Angie Yang - Director of Investor Relations Kevin Kim - Chairman, President and Chief Executive Officer Julianna Balicka - Executive Vice President and Chief Financial Officer Peter Koh - Senior Executive Vice President and Chief Operating Officer Conference Call Participants Gary Tenner - D.A. Davidson Christopher McGratty - KBW Matthew Clark - Piper Sandler Operator Good day and welcome to the Hope Bancorp 2024 Third Quarter Earnings Conference Call.
seekingalpha.com
- 2 weeks ago
Compared to Estimates, Hope Bancorp (HOPE) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Hope Bancorp (HOPE) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 2 weeks ago
Hope Bancorp (HOPE) Lags Q3 Earnings and Revenue Estimates
Hope Bancorp (HOPE) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.25 per share a year ago.
zacks.com
- 2 weeks ago
Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on or about November 21, 2024, to all stockholders of record as of the close of business on November 7, 2024. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with.
businesswire.com
- 2 weeks ago
Hope Bancorp Reports 2024 Third Quarter Financial Results
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its third quarter and nine months ended September 30, 2024. For the three months ended September 30, 2024, net income totaled $24.2 million, or $0.20 per diluted common share. This compares with net income of $25.3 million, or $0.21 per diluted common share, in the second quarter of 2024. Excluding notable items(1), net.
businesswire.com
- 2 weeks ago
Yakira Capital Refutes Territorial Bancorp's Board of Directors' Public Concerns Related to Acquisition Offer from Blue Hill Advisors
Board of Directors Continues its Refusal to Consider a Superior Offer from Blue Hill Advisors, Potentially Breaching their Fiduciary Duty WESTPORT, Conn. , Oct. 24, 2024 /PRNewswire/ -- Yakira Capital Management, an investment manager based in Westport, CT, has been compelled to issue an additional public response regarding Territorial Bancorp's (NASDAQ: TBNK) Board of Directors' rejection to consider a superior acquisition offer from the Blue Hill Advisors consortium, in favor of a merger with Hope Bancorp "Hope" (NASDAQ: HOPE).
prnewswire.com
- 3 weeks ago
Analysts Estimate Hope Bancorp (HOPE) to Report a Decline in Earnings: What to Look Out for
Hope Bancorp (HOPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 3 weeks ago
Blue Hill Advisors and Investors Reaffirm Commitment to Territorial Transaction; Will Stand by Offer if Hope Deal Terminates
Reiterate Desire to Engage Directly with the Board, Not in a Public Fight Commit to Completing Transaction on the Same Proposed Terms if Sale to Hope Terminates Urge Territorial Shareholders to Vote AGAINST Hope Sale Again at the Adjourned Special Meeting of Stockholders on November 6, 2024 HONOLULU , Oct. 17, 2024 /PRNewswire/ -- Former Hawaii banking executive Allan Landon, Blue Hill Advisors and other leading bank investors today reaffirmed their commitment to successfully completing a transaction with Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) and clarified their intent to stand by their offer if shareholders vote down the proposed sale to Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) at the adjourned Special Meeting of Stockholders on November 6. Mr. Landon and the investors, which also include O'Brien-Staley Partners and veteran bank investor Mark Lynch, have favored a collaborative approach with Territorial's Board of Directors (the "Board").
prnewswire.com
- 1 month ago
Capricor Therapeutics Announces Positive Long-Term Data from HOPE-2 OLE Study in Duchenne Muscular Dystrophy at 2024 World Muscle Society Congress
-Data Supports Deramiocel's Sustained Efficacy and Safety in Treating DMD- -Improvements Seen in Multiple Cardiac and Skeletal Endpoints Demonstrating Stabilization of Cardiac and Skeletal Muscle Function Over 3 Years of Treatment- -Company on Track to Fully Submit Biologics License Application (BLA) by End of 2024- SAN DIEGO, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Capricor Therapeutics (NASDAQ: CAPR), a biotechnology company developing transformative cell and exosome-based therapeutics for the treatment of rare diseases, today announced positive 3-year safety and efficacy results from its ongoing HOPE-2 open label extension (OLE) study for its lead asset, deramiocel, for the treatment of Duchenne muscular dystrophy (DMD). The data was highlighted in a late-breaking poster presentation at the 29th Annual Congress of the World Muscle Society (WMS), October 8-12, 2024 in Prague, Czechia.
globenewswire.com
- 1 month ago
Hope Bancorp to Report 2024 Third Quarter Financial Results on Monday, October 28, 2024
LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the Company will report financial results for its third quarter and nine months ended September 30, 2024, before the markets open on Monday, October 28, 2024. A conference call to discuss 2024 third quarter financial results will be held on Monday, October 28, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at the Investor Relations.
businesswire.com
- 1 month ago
Blue Hill Advisors and Investors Reiterate Superior Proposal for Territorial Bancorp and Refute Territorial's Assertions
Reaffirm Commitment to Superior $12.50 Per Share Cash Offer for Territorial Correct the Record on Board's Misleading Claims About the Hope Merger and Investor Proposal Call on Shareholders to Remain Opposed to Merger with Hope as Board Refuses to Engage Toward Better Offer Provide Updated Shareholder Presentation HONOLULU , Oct. 9, 2024 /PRNewswire/ -- Blue Hill Advisors and former Hawaii banking executive Allan Landon today reiterated their previously announced superior $12.50 per share cash offer for Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) and corrected the record on Territorial's numerous assertions regarding the proposed merger with Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) and the investor proposal. They also provided an updated presentation urging Territorial shareholders to remain unreservedly opposed to the "merger" between Territorial and Hope, a transaction which carries the second lowest valuation of an announced bank merger since 1983 and came after Territorial shareholders bore a nearly 70% decrease in value over five years.
prnewswire.com
- 1 month ago
8. Profile Summary
Hope Bancorp, Inc. HOPE
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 1.63 B
Dividend Yield
1.11%
Description
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. The company 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 trade finance services, including the issuance and negotiation of letters of credit, as well as handles documentary collections; 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. As of December 31, 2021, the company operated 47 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, and Alabama; SBA loan production offices in Atlanta, Houston, Dallas, Denver, Portland, Seattle, Fremont, and Southern California; and a representative office in Seoul, Korea. Hope Bancorp, Inc. was incorporated in 2000 and is headquartered in Los Angeles, California.
Contact
3200 Wilshire Boulevard, Los Angeles, CA, 90010
https://www.bankofhope.com
IPO Date
Jan. 29, 1998
Employees
1236
Officers
Mr. Daniel H. Kim
Executive Vice President and Chief Strategy & Administrative Officer
Mr. Kevin Sung Kim J.D.
Chairman, President & Chief Executive Officer
Ms. Angie Yang
Senior Vice President and Director of IR & Corporate Communications
Mr. Jason K. Kim
Senior EVice President & President of Western Regional of Bank of Hope
Mr. Thomas P. Stenger
Senior EVice President & Chief Risk Officer
Ms. Kyu S. Kim
Senior EVice President & Chief Commercial Banking Officer of Bank of Hope
Ms. Angelee J. Harris
Executive Vice President, General Counsel & Corporate Secretary
Mr. Andy Chan
Executive Vice President & Chief Internal Audit Executive
Ms. Julianna Balicka
Executive Vice President & Chief Financial Officer
Mr. Peter J. Koh
Senior EVice President & Chief Operating Officer