Hope Bancorp
HOPE
Market cap $1.59B

13.17 USD

+0.20

1.54%

At close Oct 15, 4:00 PM EDT

After hours

13.17

+0.00

0.00%

1 day

1.54%

5 days

8.31%

1 month

4.77%

3 months

11.89%

6 months

24.83%

Year to date

9.84%

1 year

43.62%

5 years

-6.79%

About: Hope Bancorp Inc is a bank holding company engaged in providing financial services. It offers core business banking products for small and medium-sized businesses and individuals. Services offered by the bank include online banking, mobile banking, mortgage loans, credit cards, investment and wealth management services, and other banking services.

Employees: 1,238

Financials National Commercial Banks

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

11% more repeat investments, than reductions

Existing positions increased: 78 | Existing positions reduced: 70

1.16% more ownership

Funds ownership: 87.03% [Q1] → 88.19% (+1.16%) [Q2]

5% less funds holding

Funds holding: 218 [Q1] → 208 (-10) [Q2]

5% less capital invested

Capital invested by funds: $1.2B [Q1] → $1.14B (-$61M) [Q2]

32% less first-time investments, than exits

New positions opened: 21 | Existing positions closed: 31

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$14

6%

upside

Avg. target

$14

6%

upside

High target

$14

6%

upside

1 analyst rating

0 positive

0%

1 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods

Christopher Mcgratty

71% 1-year accuracy

10 / 14 met price target

6%upside

$14

Market Perform

Maintained

30 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about HOPE published over the past 30 days

Hope Bancorp to Report 2024 Third Quarter Financial Results on Monday, October 28, 2024

LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (NASDAQ: HOPE) today announced that the Company will report financial results for its third quarter and nine months ended September 30, 2024, before the markets open on Monday, October 28, 2024. A conference call to discuss 2024 third quarter financial results will be held on Monday, October 28, 2024, at 9:30 a.m. Pacific Time / 12:30 p.m. Eastern Time. A presentation deck to accompany the earnings call will be available at the Investor Relations.

Hope Bancorp to Report 2024 Third Quarter Financial Results on Monday, October 28, 2024

Blue Hill Advisors and Investors Reiterate Superior Proposal for Territorial Bancorp and Refute Territorial's Assertions

Reaffirm Commitment to Superior $12.50 Per Share Cash Offer for Territorial Correct the Record on Board's Misleading Claims About the Hope Merger and Investor Proposal Call on Shareholders to Remain Opposed to Merger with Hope as Board Refuses to Engage Toward Better Offer Provide Updated Shareholder Presentation HONOLULU , Oct. 9, 2024 /PRNewswire/ -- Blue Hill Advisors and former Hawaii banking executive Allan Landon today reiterated their previously announced superior $12.50 per share cash offer for Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) and corrected the record on Territorial's numerous assertions regarding the proposed merger with Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) and the investor proposal. They also provided an updated presentation urging Territorial shareholders to remain unreservedly opposed to the "merger" between Territorial and Hope, a transaction which carries the second lowest valuation of an announced bank merger since 1983 and came after Territorial shareholders bore a nearly 70% decrease in value over five years.

Blue Hill Advisors and Investors Reiterate Superior Proposal for Territorial Bancorp and Refute Territorial's Assertions

Blue Hill Advisors Announces ISS Recommendation AGAINST Territorial Bancorp Merger with Hope Bancorp

Concludes that Proposed Merger with Hope "Does Not Appear to Maximize Value for Shareholders" Competing Offer "Appears Sufficiently Credible to Mitigate the Downside Risk of Rejecting the Proposed Merger" Recommends Territorial Shareholders Vote Against All Proposals at the Upcoming Special Meeting HONOLULU , Oct. 1, 2024 /PRNewswire/ -- Blue Hill Advisors LLC ("Blue Hill") and former Hawaii banking executive Allan Landon today announced that Institutional Shareholder Services Inc. ("ISS"), a leading independent proxy advisory firm, has recommended that shareholders of Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) vote AGAINST the proposed merger between Territorial and Hope Bancorp, Inc. ("Hope") (NASDAQ: HOPE) at the Company's Special Meeting of Stockholders on October 10, 2024. In its report, ISS concludes that Hope's takeover of Territorial is not in the best interest of the Company's shareholders:1 "Given the lack of a robust sales process, the fact that the merger agreement restrictions accepted by the board limit its ability to engage with a competing bidder, and the improved outlook for financial institutions, the proposed merger with HOPE does not appear to maximize value for shareholders.

Blue Hill Advisors Announces ISS Recommendation AGAINST Territorial Bancorp Merger with Hope Bancorp

Blue Hill Advisors Announces Increased Cash Offer for Territorial Bancorp

Raises Cash Offer from $12.00 to $12.50, a 27% Premium to the Value of the Hope Takeover Releases Presentation: "A Better Deal for Territorial" Launches www.NewTerritorial.com to Keep Stakeholders Informed of the Latest Developments HONOLULU , Sept. 26, 2024 /PRNewswire/ -- Blue Hill Advisors LLC ("Blue Hill") and former Hawaii banking executive Allan Landon today announced an increased cash offer for Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) from $12.00 per share to $12.50 per share.

Blue Hill Advisors Announces Increased Cash Offer for Territorial Bancorp

Blue Hill Advisors and Other Leading Bank Investors Reiterate Commitment to Superior Cash Offer for Territorial Bancorp

Territorial Shareholders Would Receive $12.00 Per Share in Cash, a 29% Premium1 Strong Capital Support from Veteran Bank Funds Exceeds Required Capital Territorial Would Remain a Hawaii Institution Under Local Hawaii Leadership HONOLULU , Sept. 17, 2024 /PRNewswire/ -- Blue Hill Advisors LLC and other leading bank investors today reiterated their commitment to a $12.00 per share cash offer for Territorial Bancorp Inc. ("Territorial" or the "Company") (NASDAQ: TBNK) which also allows for up to 30% of existing holders to continue as shareholders and participate in the bank's recovery under new leadership.

Blue Hill Advisors and Other Leading Bank Investors Reiterate Commitment to Superior Cash Offer for Territorial Bancorp

Hope Bancorp, Inc. (HOPE) Q2 2024 Earnings Call Transcript

Hope Bancorp, Inc. (NASDAQ:HOPE ) Q2 2024 Earnings Call Transcript July 29, 2024 12:30 PM ET Company Participants Angie Yang - Director of IR Kevin Kim - Chairman, President, and CEO Julianna Balicka - CFO Conference Call Participants Matthew Clark - Piper Sandler Chris McGratty - KBW Gary Tenner - D.A. Davidson Operator Good day, and welcome to the Hope Bancorp 2024 Second Quarter Earnings Conference Call.

Hope Bancorp, Inc. (HOPE) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Hope Bancorp (HOPE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

The headline numbers for Hope Bancorp (HOPE) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Hope Bancorp (HOPE) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Zacks Investment Research

Hope Bancorp (HOPE) Matches Q2 Earnings Estimates

Hope Bancorp (HOPE) came out with quarterly earnings of $0.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.32 per share a year ago.

Hope Bancorp (HOPE) Matches Q2 Earnings Estimates

Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per common share. The dividend is payable on or about August 22, 2024, to all stockholders of record as of the close of business on August 8, 2024. About Hope Bancorp, Inc. Hope Bancorp, Inc. (NASDAQ: HOPE) is the holding company of Bank of Hope, the first and only super regional Korean American bank in the United States with $17.

Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per Share

Hope Bancorp Reports 2024 Second Quarter Financial Results

LOS ANGELES--(BUSINESS WIRE)--Hope Bancorp, Inc. (the “Company”) (NASDAQ: HOPE), the holding company of Bank of Hope (the “Bank”), today reported unaudited financial results for its second quarter and six months ended June 30, 2024. For the three months ended June 30, 2024, net income totaled $25.3 million, or $0.21 per diluted common share. This compares with net income of $25.9 million, or $0.21 per diluted common share, in the first quarter of 2024. Excluding notable items(1), net income for.

Hope Bancorp Reports 2024 Second Quarter Financial Results

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