Significant positive changes in investment behavior have recently occurred for Hope Bancorp Inc (NASDAQ: HOPE): positive upside/downside volume developed.
Significant positive changes in fundamentals have recently occurred for Hope Bancorp Inc (NASDAQ: HOPE): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
HOPE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Hope Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Hope Bancorp has a good Power Rating of 72 and a very high Appreciation Score of 86, producing the Highest Value Trend Rating.
Recent Price Action
Hope Bancorp Inc (NASDAQ: HOPE) stock closed at $11.04 on 12/11/23 after a slight gain of 0.09%. Trading volume in this advance was normal. The stock has risen 7.1% during the last week and has been strong relative to the market over the last nine months.
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