HOPE Stock Summary and Trading Ideas (Hope Bancorp | NASDAQ:HOPE)

Hope Bancorp Inc is a bank holding company engaged in providing financial services. It offers core business banking products for small and medium-sized businesses and individuals. Services offered by the bank include online banking, mobile banking, mortgage loans, credit cards, investment and wealth management services, and other banking services.

Hope Bancorp trades on the NASDAQ stock market under the symbol HOPE.

As of March 3, 2025, HOPE stock price declined to $10.81 with 663,183 million shares trading.

HOPE has a beta of 1.02, meaning it tends to be more sensitive to market movements. HOPE has a correlation of 0.18 to the broad based SPY ETF.

HOPE has a market cap of $1.31 billion. This is considered a Small Cap stock.

Last quarter Hope Bancorp reported $118 million in Revenue and $.20 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.03.

In the last 3 years, HOPE traded as high as $17.11 and as low as $7.42.

The top ETF exchange traded funds that HOPE belongs to (by Net Assets): IJR, VTI, IWM, VB, AVUV.

HOPE has underperformed the market in the last year with a price return of +6.3% while the SPY ETF gained +16.7%. HOPE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -20.5% and -4.5%, respectively, while the SPY returned -2.2% and -4.3%, respectively.

HOPE support price is $10.74 and resistance is $11.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HOPE shares will trade within this expected range on the day.