Recent meaningful positive changes in fundamentals have benefitted Hope Bancorp Inc (NASDAQ: HOPE): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Important positive changes in Hope Bancorp Inc (NASDAQ: HOPE) investment behavior have recently occurred: positive upside/downside volume developed.
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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HOPE 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 highly consistent signals. Hope Bancorp has a good Power Rating of 83 and a very high Appreciation Score of 86, and the Highest Value Trend Rating results.
Recent Price Action
On 1/12/24, Hope Bancorp Inc (NASDAQ: HOPE) stock declined slightly by -0.7%, closing at $11.55. However, trading volume in this decline was unusually low at 63% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.4% during the last week.
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