How does HOPE's PE Ratio compare to its peers?

HOPE is good value based on its Price-To-Earnings Ratio (14.7x) compared to the peer average (16.6x).

How does HOPE's PE Ratio compare vs other companies in the US Banks Industry?

HOPE is expensive based on its Price-To-Earnings Ratio (14.7x) compared to the US Banks industry average (12.4x).

What is HOPE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HOPE is good value based on its Price-To-Earnings Ratio (14.7x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

What is the Fair Price of HOPE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

HOPE ($12.37) is trading below our estimate of [[fair value]] ($19.75)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

HOPE Stock Overview

Operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. More details

HOPE fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	1/6
Financial Health	6/6
Dividends	6/6

Rewards

Trading at 37.4% below our estimate of its fair value

Earnings are forecast to grow 29.32% per year

Pays a high and reliable dividend of 4.53%

Risk Analysis

Significant insider selling over the past 3 months

My Notes

Capture your thoughts, links and company narrative

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

Analyst Price Target

Consensus Narrative from 5 Analysts

Pending Merger With Territorial Bancorp Will Expand Market Presence And Strengthen Client Relationships

Key Takeaways The merger with Territorial Bancorp is anticipated to enhance market share and client relationships, boosting revenue and earnings. Strong core deposit growth and proactive asset management improve stability and profitability, supporting net interest margins and reducing credit costs.

View narrative

US$14.00

11.6% undervalued

12.08%

Revenue growth p.a.

3 days ago

Hope Bancorp, Inc. Competitors

Customers Bancorp

NYSE:CUBI

US$1.5b

Dime Community Bancshares

NasdaqGS:DCOM

US$1.4b

Live Oak Bancshares

NYSE:LOB

US$1.8b

1st Source

NasdaqGS:SRCE

US$1.5b

Price History & Performance

Summary of share price highs, lows and changes for Hope Bancorp
Historical stock prices
Current Share Price	US$12.37
52 Week High	US$14.54
52 Week Low	US$9.80
Beta	1.14
1 Month Change	-10.49%
3 Month Change	-2.98%
1 Year Change	2.40%
3 Year Change	-14.81%
5 Year Change	-16.48%
Change since IPO	1,342.82%

Hope Bancorp (NASDAQ:HOPE) Is Due To Pay A Dividend Of $0.14

Oct 31

Recent updates

Hope Bancorp GAAP EPS of $0.43 beats by $0.02, revenue of $154.29M beats by $4.22M

Jul 19

Hope Bancorp: Strong Topline Growth Likely To Compensate For Above-Average Provisioning

Jun 29

Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of US$0.14

Apr 22

Hope Bancorp: Leading Korean Bank

Feb 09

Hope Bancorp: Expansion Efforts, Well-Positioned Portfolio To Bear Fruit This Year

Feb 03

Hope Bancorp (NASDAQ:HOPE) Has Announced A Dividend Of US$0.14

Jan 28

Hope Bancorp (NASDAQ:HOPE) Has Affirmed Its Dividend Of US$0.14

Oct 29

Shareholder Returns

	HOPE	US Banks	US Market
7D	-7.2%	-3.4%	-2.4%
1Y	2.4%	29.1%	23.3%

Return vs Industry: HOPE underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: HOPE underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is HOPE's price volatile compared to industry and market?
HOPE volatility
HOPE Average Weekly Movement	5.8%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: HOPE has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: HOPE's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1986	1,236	Kevin Kim	www.bankofhope.com

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans.

Hope Bancorp, Inc. Fundamentals Summary

How do Hope Bancorp's earnings and revenue compare to its market cap?
HOPE fundamental statistics
Market cap	US$1.49b
Earnings (TTM)	US$101.77m
Revenue (TTM)	US$484.26m

14.7x

P/E Ratio

0.7x

P/B Ratio

Is HOPE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HOPE income statement (TTM)
Revenue	US$484.26m
Cost of Revenue	US$0
Gross Profit	US$484.26m
Other Expenses	US$382.49m
Earnings	US$101.77m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	0.84
Gross Margin	100.00%
Net Profit Margin	21.02%
Debt/Equity Ratio	11.4%

How did HOPE perform over the long term?

See historical performance and comparison

Dividends

4.5%

Current Dividend Yield

66%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 03:20
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Hope Bancorp, Inc. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Peter Winter	BMO Capital Markets Equity Research
Leanne Caravaggio	BMO Capital Markets Equity Research
Lana Chan	BMO Capital Markets U.S. (Historical)

HOPE Stock Overview

Rewards

Risk Analysis

Pending Merger With Territorial Bancorp Will Expand Market Presence And Strengthen Client Relationships

Hope Bancorp, Inc. Competitors

NYSE:CUBI

US$1.5b

NasdaqGS:DCOM

US$1.4b

NYSE:LOB

US$1.8b

NasdaqGS:SRCE

US$1.5b

Price History & Performance

Recent News & Updates

Director recently sold US$388k worth of stock

Director notifies of intention to sell stock

Honorary Chairman of the Board recently sold US$1.3m worth of stock

Independent Director recently sold US$375k worth of stock

Hope Bancorp (NASDAQ:HOPE) Is Due To Pay A Dividend Of $0.14

Third quarter dividend of US$0.14 announced

Recent updates

Director recently sold US$388k worth of stock

Director notifies of intention to sell stock

Honorary Chairman of the Board recently sold US$1.3m worth of stock

Independent Director recently sold US$375k worth of stock

Hope Bancorp (NASDAQ:HOPE) Is Due To Pay A Dividend Of $0.14

Third quarter dividend of US$0.14 announced

Hope Bancorp, Inc. Reports Net Charge Offs for the Third Quarter Ended September 30, 2024

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About November 21, 2024

Hope Bancorp, Inc. to Report Q3, 2024 Results on Oct 28, 2024

Independent Director recently sold US$185k worth of stock

Independent Director notifies of intention to sell stock

Second quarter dividend of US$0.14 announced

Second quarter 2024 earnings: EPS and revenues miss analyst expectations

Price target increased by 12% to US$12.70

Now 21% undervalued

Hope Bancorp Declares Quarterly Cash Dividend, Payable on or About August 22, 2024

Investor sentiment improves as stock rises 18%

Hope Bancorp, Inc. to Report Q2, 2024 Results on Jul 29, 2024

Honorary Chairman of the Board recently sold US$349k worth of stock

Now 21% undervalued

Hope Bancorp: Dividend Yield Is Attractive, Acquisition Is The Biggest Catalyst

Hope Bancorp (NASDAQ:HOPE) Is Paying Out A Dividend Of $0.14

First quarter dividend of US$0.14 announced

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About May 23, 2024

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Hope Bancorp, Inc. (NasdaqGS:HOPE) signed a definitive merger agreement to acquire Territorial Bancorp Inc. (NasdaqGS:TBNK) for $77.89 million.

Hope Bancorp, Inc., Annual General Meeting, May 23, 2024

Hope Bancorp, Inc. to Report Q1, 2024 Results on Apr 29, 2024

Chairman exercised options to buy US$247k worth of stock.

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Hope Bancorp: Deposits Drop, So Does Shareholder Confidence

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About February 23, 2024

Hope Bancorp, Inc. to Report Q4, 2023 Results on Jan 30, 2024

Price target increased by 7.2% to US$10.40

Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of $0.14

Hope Bancorp, Inc. Reports Net Charge Offs for the Third Quarter Ended September 30, 2023

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Hope Bancorp, Inc. to Report Q3, 2023 Results on Oct 23, 2023

Price target decreased by 7.5% to US$9.80

Hope Bancorp (NASDAQ:HOPE) Is Paying Out A Dividend Of $0.14

Price target increased by 7.1% to US$10.60

Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About August 17, 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Hope Bancorp, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Hope Bancorp, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Hope Bancorp, Inc.(NasdaqGS:HOPE) dropped from S&P Banks Select Industry Index

Investor sentiment improves as stock rises 17%

Independent Director recently bought US$101k worth of stock

Investor sentiment deteriorates as stock falls 17%

Price target decreased by 9.8% to US$10.10

Hope Bancorp (NASDAQ:HOPE) Will Pay A Dividend Of $0.14

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 10% to US$11.20

Chairman exercised options to buy US$312k worth of stock.

Investor sentiment deteriorates as stock falls 15%

Is Now The Time To Put Hope Bancorp (NASDAQ:HOPE) On Your Watchlist?