Hope Bancorp Inc (NASDAQ: HOPE) has reported E.P.S. of $0.21 for its second fiscal quarter (ending June 30) versus $0.32 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.90 versus $1.52 for the same period a year ago.
Recent Price Action
Hope Bancorp Inc (NASDAQ: HOPE) stock closed at $12.96 on 7/29/24 after a decline of -4.1%. Moreover, unusually high trading volume at 184% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 2.1% during the last week.
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). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Hope Bancorp has a neutral Power Rating of 58 but a very high Appreciation Score of 89, triggering the Highest Value Trend Rating.
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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