Hope Bancorp Inc (NASDAQ: HOPE) has reported E.P.S. of $0.20 for its third fiscal quarter (ending September 30) versus $0.25 for the same period a year ago — a decline of -20%. E.P.S. were $0.84 for the latest four quarters through September 30 versus $1.32 for the same period a year ago — a decline of -36%.
Recent Price Action
On 10/28/24, Hope Bancorp Inc (NASDAQ: HOPE) stock rose modestly by 0.5%, closing at $12.53. Trading volume in this advance was normal. Relative to the market the stock has been strong over the last nine months but has declined -5.4% 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hope Bancorp has a good Power Rating of 77 and a very high Appreciation Score of 90, leading to 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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