Hope Bancorp Inc (NASDAQ: HOPE) stock closed at $14.35 on 11/6/24 after a major increase of 14.9%. Moreover, exceptionally high trading volume at 323% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 15.1% 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hope Bancorp has a good Power Rating of 79 and a very high Appreciation Score of 88, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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