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Hope Bancorp

Nasdaq:HOPE
Snowflake Description

Excellent balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HOPE
Nasdaq
$2B
Market Cap
  1. Home
  2. US
  3. Banks
Company 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 last earnings update was 13 days ago. More info.


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HOPE Share Price and Events
7 Day Returns
0.3%
NasdaqGS:HOPE
-2.5%
US Banks
-0.7%
US Market
1 Year Returns
-21.7%
NasdaqGS:HOPE
-14.2%
US Banks
-0.5%
US Market
HOPE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Hope Bancorp (HOPE) 0.3% -3.9% -0.9% -21.7% -15.4% -6.6%
US Banks -2.5% -6.1% -3.8% -14.2% 32.4% 36.7%
US Market -0.7% -3% 0.9% -0.5% 30.4% 37%
1 Year Return vs Industry and Market
  • HOPE underperformed the Banks industry which returned -14.2% over the past year.
  • HOPE underperformed the Market in United States of America which returned -0.5% over the past year.
Price Volatility
HOPE
Industry
5yr Volatility vs Market

HOPE Value

 Is Hope Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Hope Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Hope Bancorp.

NasdaqGS:HOPE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $16.42 * 8.3%
$1.37
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. $16.42
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:HOPE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.57
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.565 (1 + (1- 21%) (61.03%))
0.892
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.89
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.892 * 5.96%)
8.04%

Discounted Cash Flow Calculation for NasdaqGS:HOPE using Excess Returns Model Model

The calculations below outline how an intrinsic value for Hope Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:HOPE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.3% – 8.04%) * $16.42)
$0.05
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.05 / (8.04% - 2.73%)
$0.85
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $16.42 + $0.85
$17.27
NasdaqGS:HOPE Discount to Share Price
Calculation Result
Value per share (USD) From above. $17.27
Current discount Discount to share price of $13.77
= -1 x ($13.77 - $17.27) / $17.27
20.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Hope Bancorp is available for.
Intrinsic value
20%
Share price is $13.77 vs Future cash flow value of $17.27
Current Discount Checks
For Hope Bancorp to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Hope Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Hope Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Hope Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Hope Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:HOPE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.38
NasdaqGS:HOPE Share Price ** NasdaqGS (2019-08-19) in USD $13.77
United States of America Banks Industry PE Ratio Median Figure of 598 Publicly-Listed Banks Companies 12.28x
United States of America Market PE Ratio Median Figure of 3,094 Publicly-Listed Companies 17.25x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Hope Bancorp.

NasdaqGS:HOPE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:HOPE Share Price ÷ EPS (both in USD)

= 13.77 ÷ 1.38

9.99x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hope Bancorp is good value based on earnings compared to the US Banks industry average.
  • Hope Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Hope Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:HOPE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.99x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-3.1%per year
United States of America Banks Industry PEG Ratio Median Figure of 274 Publicly-Listed Banks Companies 1.12x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NasdaqGS:HOPE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.99x ÷ -3.1%

-3.23x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hope Bancorp earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Hope Bancorp's assets?
Raw Data
NasdaqGS:HOPE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $15.75
NasdaqGS:HOPE Share Price * NasdaqGS (2019-08-19) in USD $13.77
United States of America Banks Industry PB Ratio Median Figure of 601 Publicly-Listed Banks Companies 1.16x
United States of America Market PB Ratio Median Figure of 5,276 Publicly-Listed Companies 1.7x
NasdaqGS:HOPE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:HOPE Share Price ÷ Book Value per Share (both in USD)

= 13.77 ÷ 15.75

0.87x

* Primary Listing of Hope Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Hope Bancorp is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess Hope Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Hope Bancorp has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HOPE Future Performance

 How is Hope Bancorp expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-3.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Hope Bancorp expected to grow at an attractive rate?
  • Hope Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Hope Bancorp's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Hope Bancorp's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:HOPE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:HOPE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -3.1%
NasdaqGS:HOPE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 0.9%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 1.5%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:HOPE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:HOPE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 525 164 6
2019-12-31 520 168 6
NasdaqGS:HOPE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 516 204 176
2019-03-31 524 241 181
2018-12-31 533 220 190
2018-09-30 542 246 163
2018-06-30 547 216 161
2018-03-31 541 185 154
2017-12-31 530 204 139
2017-09-30 526 236 162
2017-06-30 503 196 144
2017-03-31 453 197 126
2016-12-31 406 131 114
2016-09-30 349 60 96

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Hope Bancorp's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Hope Bancorp's revenue is expected to grow by 0.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:HOPE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Hope Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HOPE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.32 1.40 1.25 7.00
2019-12-31 1.33 1.35 1.31 7.00
NasdaqGS:HOPE Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.38
2019-03-31 1.40
2018-12-31 1.44
2018-09-30 1.22
2018-06-30 1.20
2018-03-31 1.14
2017-12-31 1.03
2017-09-30 1.19
2017-06-30 1.10
2017-03-31 1.08
2016-12-31 1.10
2016-09-30 1.08

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Hope Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Hope Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Hope Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HOPE Past Performance

  How has Hope Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Hope Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Hope Bancorp's year on year earnings growth rate has been positive over the past 5 years.
  • Hope Bancorp's 1-year earnings growth is less than its 5-year average (9.3% vs 18.3%)
  • Hope Bancorp's earnings growth has not exceeded the US Banks industry average in the past year (9.3% vs 33.2%).
Earnings and Revenue History
Hope Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Hope Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:HOPE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 516.34 176.27 240.59
2019-03-31 523.82 181.12 241.43
2018-12-31 533.21 189.59 238.73
2018-09-30 541.74 163.12 240.20
2018-06-30 546.56 161.31 237.67
2018-03-31 540.95 154.47 228.85
2017-12-31 530.44 139.45 225.31
2017-09-30 525.79 162.09 219.72
2017-06-30 502.80 143.63 212.33
2017-03-31 453.20 126.33 192.17
2016-12-31 406.17 113.75 169.52
2016-09-30 349.42 95.99 148.24
2016-06-30 317.64 94.97 133.71
2016-03-31 313.94 94.52 133.15
2015-12-31 308.73 92.26 133.39
2015-09-30 305.99 92.08 131.87
2015-06-30 301.67 88.41 129.64
2015-03-31 299.78 87.78 126.37
2014-12-31 298.15 88.62 123.17
2014-09-30 290.32 84.00 119.91
2014-06-30 289.72 86.13 116.06
2014-03-31 286.65 86.49 113.23
2013-12-31 275.77 81.76 109.26
2013-09-30 275.45 85.21 103.98
2013-06-30 260.03 80.06 99.25
2013-03-31 250.65 72.98 96.62
2012-12-31 258.52 77.58 93.11
2012-09-30 229.52 58.95 87.74

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Hope Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Hope Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Hope Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Hope Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Hope Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HOPE Health

 How is Hope Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Hope Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Hope Bancorp Company Filings, last reported 1 month ago.

NasdaqGS:HOPE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 1,995.17 1,003.51 649.49
2019-03-31 1,946.21 1,023.10 648.17
2018-12-31 1,903.21 1,124.81 496.07
2018-09-30 1,904.58 1,144.31 615.71
2018-06-30 1,905.68 1,141.03 489.95
2018-03-31 1,945.33 971.58 683.18
2017-12-31 1,928.26 1,332.95 549.87
2017-09-30 1,934.43 1,118.81 458.84
2017-06-30 1,906.29 893.95 446.42
2017-03-31 1,878.05 805.54 505.03
2016-12-31 1,855.47 855.66 479.97
2016-09-30 1,854.57 863.20 452.81
2016-06-30 971.74 661.91 295.27
2016-03-31 961.98 579.13 242.36
2015-12-31 938.10 572.92 301.25
2015-09-30 929.57 572.97 278.38
2015-06-30 908.59 623.03 321.27
2015-03-31 899.20 523.08 429.87
2014-12-31 882.77 523.13 462.16
2014-09-30 864.65 509.19 443.32
2014-06-30 852.61 503.24 414.92
2014-03-31 832.16 463.30 403.11
2013-12-31 809.37 478.76 316.71
2013-09-30 801.23 478.75 345.35
2013-06-30 781.03 463.46 296.33
2013-03-31 772.28 467.63 280.81
2012-12-31 751.10 462.57 312.92
2012-09-30 734.46 502.62 229.64
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Hope Bancorp has an acceptable proportion of non-loan assets held.
  • Hope Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Hope Bancorp are broadly funded by customer deposits.
  • Hope Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Hope Bancorp has a low allowance for bad loans.
  • Hope Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Hope Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Hope Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HOPE Dividends

 What is Hope Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.07%
Current annual income from Hope Bancorp dividends. Estimated to be 4.05% next year.
If you bought $2,000 of Hope Bancorp shares you are expected to receive $81 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Hope Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).
  • Hope Bancorp's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:HOPE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 481 Stocks 3.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2010 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:HOPE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.56 6.00
2019-12-31 0.55 6.00
NasdaqGS:HOPE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-16 0.560 3.977
2019-04-16 0.560 4.103
2019-01-22 0.560 3.981
2018-10-16 0.560 4.095
2018-07-17 0.560 3.304
2018-04-17 0.520 2.881
2018-01-26 0.520 2.824
2017-10-17 0.520 2.843
2017-07-18 0.520 3.068
2017-04-18 0.480 2.587
2017-01-24 0.480 2.367
2016-10-18 0.480 2.465
2016-06-27 0.440 2.709
2016-04-18 0.440 2.815
2016-01-25 0.440 2.973
2015-11-09 0.440 2.576
2015-08-07 0.440 2.852
2015-05-11 0.400 2.684
2015-01-26 0.400 2.843
2014-10-21 0.400 2.891
2014-07-22 0.400 2.716
2014-04-22 0.300 1.912
2014-01-28 0.300 1.821
2013-10-22 0.300 1.889
2013-07-23 0.300 2.119
2013-04-22 0.200 1.491
2013-01-28 0.200 1.552
2012-10-23 0.200 1.715
2011-01-24 0.000 0.000
2010-11-04 0.000 0.000
2010-10-26 0.000 0.000
2010-08-09 0.000 0.000
2010-07-26 0.000 0.000
2010-05-10 0.000 0.000
2010-03-15 0.000 0.000
2010-01-25 0.000 0.000
2009-11-03 0.000 0.000
2009-10-15 0.000 0.000
2009-08-05 0.000 0.000
2009-07-23 0.000 0.000
2009-03-18 0.000 0.000
2008-12-19 0.110 2.602
2008-09-19 0.110 1.128

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Hope Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Hope Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Hope Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Hope Bancorp has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HOPE Management

 What is the CEO of Hope Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Kevin Kim
COMPENSATION $2,592,231
AGE 61
TENURE AS CEO 6.4 years
CEO Bio

Mr. Kevin Sung Kim has been the Chief Executive Officer and President of Hope Bancorp, Inc. since March 7, 2013 and serves as its Executive Director since December 2011. Mr. Kim has been Chairman of the Board at Hope Bancorp, Inc. and Bank of Hope since May 23, 2019. Mr. Kim serves as the Chief Executive Officer and President of Bank of Hope (also known as BBCN Bank N.A.). He served as the Chief Executive Officer and President of BBCN Bank since April 2014. He served as an Interim Chief Executive Officer and Interim President of BBCN Bank from January 2014 to April 2014. He served as a Senior Manager at KPMG, LLP since 1989. He began his career at the former Arthur Andersen & Co. in 1985 as a Senior Accountant, supervised various audit, tax consulting and compliance engagements for Arthur Andersen & Co. His client base at KPMG included foreign and domestic banks, international trading companies, real estate development companies, high net worth individuals and international executives. In 1995, he established Kevin S.Kim & Associates, a corporate and business law firm, which focuses on business and tax planning, merger and acquisition transactions and corporate structuring. Mr. Kim has been the Chairman of Center Financial Corporation and Center Bank since September 11, 2011. He served as the Chairman of BBCN Bancorp, Inc., since May 2012. He served as the Chairman of BBCN Bank since December 2011 and has been its Director since October 2008. He served as Vice Chairman of Center Financial Corporation since June 2009. He serves as a Director of Bank of Hope. He has been an Independent Director at Center Bank and Center Financial Corporation since October 2008. He served as a Director of BBCN Bancorp, Inc. He earned his bachelor's degree in English, with a minor in international trade from Hankuk University of Foreign Studies in Seoul, Korea in 1980. Mr. Kim received his Master's in Business Administration with an emphasis in Accounting and Finance from the Anderson School of Management, University of California, Los Angeles in 1984 and his Juris Doctorate degree from Loyola Law School, Los Angeles in 1993. He is a Certified Public Accountant.

CEO Compensation
  • Kevin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kevin's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Hope Bancorp management team in years:

3.1
Average Tenure
52.5
Average Age
  • The tenure for the Hope Bancorp management team is about average.
Management Team

Kevin Kim

TITLE
Chairman
COMPENSATION
$3M
AGE
61
TENURE
6.4 yrs

Alex Ko

TITLE
Executive VP & CFO
COMPENSATION
$574K
AGE
52
TENURE
1.8 yrs

Kyu Kim

TITLE
Senior EVP & Regional President of Eastern Region-Bank of Hope
COMPENSATION
$626K
AGE
58

Hung Van

TITLE
Executive VP & Chief Information Officer of Bank of Hope
COMPENSATION
$664K
AGE
42

Angie Yang

TITLE
Senior VP and Director of IR & Corporate Communications

Lisa Pai

TITLE
Executive VP & General Counsel
AGE
59
TENURE
3.1 yrs

Peter Koh

TITLE
Executive VP & Chief Credit Officer - Bank of Hope
AGE
42
TENURE
3.1 yrs

Catherine Suh

TITLE
Vice President of Eastern Region
TENURE
10.8 yrs

Jason Kim

TITLE
EVP & Chief Commercial Banking Officer of Bank of Hope
COMPENSATION
$343K
AGE
52
TENURE
7.7 yrs

David Kim

TITLE
Executive VP & Chief Retail Banking Officer - Bank of Hope
AGE
53
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Hope Bancorp board of directors in years:

4.9
Average Tenure
71
Average Age
  • The tenure for the Hope Bancorp board of directors is about average.
Board of Directors

Kevin Kim

TITLE
Chairman
COMPENSATION
$3M
AGE
61
TENURE
0.3 yrs

Steven Koh

TITLE
Honorary Chairman of the Board
COMPENSATION
$135K
AGE
73

Scott Whang

TITLE
Lead Independent Director
COMPENSATION
$155K
AGE
73
TENURE
0.3 yrs

Chung Lee

TITLE
Director
COMPENSATION
$107K
AGE
77
TENURE
7.7 yrs

Dale Zuehls

TITLE
Director
COMPENSATION
$103K
AGE
68
TENURE
5.4 yrs

William Lewis

TITLE
Independent Director
COMPENSATION
$103K
AGE
75
TENURE
4.9 yrs

Steve Didion

TITLE
Director
COMPENSATION
$103K
AGE
53
TENURE
3.1 yrs

John Taylor

TITLE
Director
COMPENSATION
$103K
AGE
69
TENURE
3.1 yrs

Jin Jhung

TITLE
Director
COMPENSATION
$98K
AGE
76
TENURE
7.7 yrs

Dave Malone

TITLE
Director
COMPENSATION
$882K
AGE
68
TENURE
5.3 yrs
Who owns this company?
Recent Insider Trading
  • Hope Bancorp individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Aug 19 Sell Koh Charitable Foundation, Endowment Arm Company 16. Aug 19 16. Aug 19 -10,000 $13.58 $-135,848
23. Jul 19 Sell Alex Ko Individual 19. Jul 19 19. Jul 19 -13,507 $14.29 $-193,024
23. Aug 18 Sell David Song Individual 21. Aug 18 21. Aug 18 -5,000 $17.75 $-88,750
27. Feb 19 Sell Jason Kim Individual 25. Feb 19 25. Feb 19 -4,750 $14.71 $-69,850
22. Feb 19 Sell Peter Koh Individual 20. Feb 19 20. Feb 19 -6,000 $14.92 $-89,520
23. Oct 18 Buy David Malone Individual 19. Oct 18 19. Oct 18 3,450 $14.58 $50,286
X
Management checks
We assess Hope Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Hope Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HOPE News

Simply Wall St News

At US$14.00, Is It Time To Put Hope Bancorp, Inc. (NASDAQ:HOPE) On Your Watch List?

According to my valuation model, Hope Bancorp seems to be fairly priced at around 18% below my intrinsic value, which means if you buy Hope Bancorp today, you’d be paying a fair price for it. … What does the future of Hope Bancorp look like? … Currently, HOPE appears to be trading around its fair value, but given the uncertainty from negative returns in the future, this could be the right time to de-risk your portfolio.

Simply Wall St -

Those Who Purchased Hope Bancorp (NASDAQ:HOPE) Shares A Year Ago Have A 26% Loss To Show For It

Even though the Hope Bancorp share price is down over the year, its EPS actually improved. … As well as measuring the share price return, investors should also consider the total shareholder return (TSR). … We note that for Hope Bancorp the TSR over the last year was -23%, which is better than the share price return mentioned above.

Simply Wall St -

Here's How We Evaluate Hope Bancorp, Inc.'s (NASDAQ:HOPE) Dividend

In this case, Hope Bancorp likely looks attractive to dividend investors, given its 4.2% dividend yield and seven-year payment history. … Conclusion To summarise, shareholders should always check that Hope Bancorp's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend. … Second, earnings growth has been ordinary, and its history of dividend payments is shorter than we'd like.

Simply Wall St -

How Many Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Have Insiders Sold, In The Last Year?

So shareholders might well want to know whether insiders have been buying or selling shares in Hope Bancorp, Inc. … View our latest analysis for Hope Bancorp Hope Bancorp Insider Transactions Over The Last Year Over the last year, we can see that the biggest insider sale was by the Executive VP &amp; Chief Credit Officer - Bank of Hope, Peter Koh, for US$90k worth of shares, at about US$14.92 per share. … All up, insiders sold more shares in Hope Bancorp than they bought, over the last year.

Simply Wall St -

Why These Fundamentals Make Hope Bancorp, Inc.’s (NASDAQ:HOPE) More Attractive

These reforms target bank level regulation and aims to improve the banking sector’s ability to absorb shocks arising from economic stress which could expose financial institutions to vulnerabilities. … Sufficient liquidity and low levels of leverage could place the bank in a safe place in case of unexpected macro headwinds. … Today we will be measuring Hope Bancorp’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Are Insiders Bearish About Hope Bancorp Inc (NASDAQ:HOPE)?

operates as the bank holding company for Bank of Hope that provides banking services primarily to small and medium-sized businesses and individuals in the United States. … Hope Bancorp's insiders have divested from. … Generally, insiders selling shares in their own firm sends a bearish signal

Simply Wall St -

Real Risks To Know Before Investing In Hope Bancorp Inc (NASDAQ:HOPE)

As a small-cap bank with a market capitalisation of US$2.23b, Hope Bancorp Inc’s (NASDAQ:HOPE) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting Hope Bancorp’s bottom line. … See our latest analysis for Hope Bancorp

Simply Wall St -

Is It Too Late To Buy Hope Bancorp Inc (NASDAQ:HOPE)?

saw significant share price volatility over the past couple of months on the NasdaqGS, rising to the highs of $18.71 and falling to the lows of $16.78. … A question to answer is whether Hope Bancorp's current trading price of $16.78 reflective of the actual value of the? … Let’s take a look at Hope Bancorp’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

2 Days Left To Hope Bancorp Inc (NASDAQ:HOPE)’s Ex-Dividend Date, Should Investors Buy?

On the 10 August 2018, Hope Bancorp Inc (NASDAQ:HOPE) will be paying shareholders an upcoming dividend amount of US$0.14 per share. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

July Fundamental Stock Pick: Hope Bancorp Inc (NASDAQ:HOPE)

Hope Bancorp Inc (NASDAQ:HOPE) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … In the case of HOPE, it.

Simply Wall St -

HOPE Company Info

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; and Internet banking and bill-pay services, as well as operates automated teller machines. As of February 27, 2019, the company operated 63 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.

Details
Name: Hope Bancorp, Inc.
HOPE
Exchange: NasdaqGS
Founded: 2000
$1,744,465,104
126,685,919
Website: http://www.bankofhope.com
Address: Hope Bancorp, Inc.
3200 Wilshire Boulevard,
Suite 1400,
Los Angeles,
California, 90010,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS HOPE Common Stock Nasdaq Global Select US USD 17. Dec 1996
DB NRB Common Stock Deutsche Boerse AG DE EUR 17. Dec 1996
Number of employees
Current staff
Staff numbers
1,446
Hope Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/19 23:39
End of day share price update: 2019/08/19 00:00
Last estimates confirmation: 2019/07/18
Last earnings filing: 2019/08/06
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.