For its first fiscal quarter (ending March 31), Hope Bancorp Inc (NASDAQ: HOPE) has reported a -36% decline in E.P.S. from $0.33 a year ago to $0.21 in the current quarter. This result fell short of the consensus estimate of $0.29 by $-0.08. For the latest four quarters through March 31, E.P.S. were $1.00 versus $1.64 for the same period a year ago — a decline of -39%.
Recent Price Action
Hope Bancorp Inc (NASDAQ: HOPE) stock suffered a large decline of -9.4% on 4/29/24. The stock closed at $9.93. Moreover, exceptionally high trading volume at 327% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -7.4% during the last week.
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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hope Bancorp has a good Power Rating of 75 and a very high Appreciation Score of 91, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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