Hope Bancorp
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
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Hope Bancorp.
| 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.
| 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.
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Hope Bancorp's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check) 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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Hope Bancorp's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Hope Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess Hope Bancorp's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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
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.
Balance sheet
Assets
Liabilities and shares
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.
All data from Hope Bancorp Company Filings, last reported 1 month ago.
| 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.
- 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%).
Financial health checks
We assess Hope Bancorp's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Hope Bancorp has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
$2,000 of
Hope Bancorp
shares you are expected to receive
$81
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2020-12-31 | 0.56 | 6.00 |
| 2019-12-31 | 0.55 | 6.00 |
| 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).
- Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
Income/ dividend checks
We assess Hope Bancorp's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Hope Bancorp management team is about average.
Management Team
Kevin Kim
Chairman
$3M
61
6.4 yrs
Alex Ko
Executive VP & CFO
$574K
52
1.8 yrs
Kyu Kim
Senior EVP & Regional President of Eastern Region-Bank of Hope
$626K
58
Hung Van
Executive VP & Chief Information Officer of Bank of Hope
$664K
42
Angie Yang
Senior VP and Director of IR & Corporate Communications
Lisa Pai
Executive VP & General Counsel
59
3.1 yrs
Peter Koh
Executive VP & Chief Credit Officer - Bank of Hope
42
3.1 yrs
Catherine Suh
Vice President of Eastern Region
10.8 yrs
Jason Kim
EVP & Chief Commercial Banking Officer of Bank of Hope
$343K
52
7.7 yrs
David Kim
Executive VP & Chief Retail Banking Officer - Bank of Hope
53
2.3 yrs
Board of Directors Tenure
Average tenure and age of the Hope Bancorp board of directors in years:
- The tenure for the Hope Bancorp board of directors is about average.
Board of Directors
Kevin Kim
Chairman
$3M
61
0.3 yrs
Steven Koh
Honorary Chairman of the Board
$135K
73
Scott Whang
Lead Independent Director
$155K
73
0.3 yrs
Chung Lee
Director
$107K
77
7.7 yrs
Dale Zuehls
Director
$103K
68
5.4 yrs
William Lewis
Independent Director
$103K
75
4.9 yrs
Steve Didion
Director
$103K
53
3.1 yrs
John Taylor
Director
$103K
69
3.1 yrs
Jin Jhung
Director
$98K
76
7.7 yrs
Dave Malone
Director
$882K
68
5.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | 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 | ||
Management checks
We assess Hope Bancorp's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleThose 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 - – Full articleHere'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 - – Full articleHow 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 & 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 - – Full articleWhy 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 - – Full articleAre 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 - – Full articleReal 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 - – Full articleIs 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 - – Full article2 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 - – Full articleJuly 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 - – Full articleHOPE 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
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.
