Wedbush analyst David Chiaverini maintained a Hold rating on Hope Bancorp (HOPE – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $9.96.
Chiaverini covers the Financial sector, focusing on stocks such as Columbia Banking System, Pacwest Bancorp, and Western Alliance. According to TipRanks, Chiaverini has an average return of -7.8% and a 37.41% success rate on recommended stocks.
Hope Bancorp has an analyst consensus of Hold, with a price target consensus of $10.17.
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Based on Hope Bancorp’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $144.86 million and a net profit of $39.12 million. In comparison, last year the company earned a revenue of $145.25 million and had a net profit of $38.69 million
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is neutral on the stock.
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Hope Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Bank of Hope. It offers core business banking products for small and medium-sized businesses and individuals. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card, and mortgage loans. The company was founded in February 2000 and is headquartered in Los Angeles, CA.
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