Hope Bancorp Inc (NASDAQ: HOPE) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in fundamentals have recently occurred for Hope Bancorp Inc (NASDAQ: HOPE). Positive developments: the consensus estimate for December, 2025 increased significantly, the stock’s power rating rose above 70, and significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.
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
With future capital returns 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 consistent signals. Hope Bancorp has a good Power Rating of 72 and a very high Appreciation Score of 92, producing the Highest Value Trend Rating.
Recent Price Action
On 5/10/24, Hope Bancorp Inc (NASDAQ: HOPE) stock increased 1.1%, closing at $10.96. NORMAL trading volume accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 3.3% during the last week.
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