Analysts Forecast 11.83% Rise In Hope Bancorp Stock

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On average, analysts who follow Hope Bancorp ($NASDAQ:HOPE) Inc believe it will rise 11.83% over the next twelve months. Hope Bancorp Inc is a bank holding company. The Company’s principal subsidiary is Central National Bank & Trust Co. , which provides a range of commercial banking services to small and medium-sized businesses and individuals in central Oklahoma. Central National’s primary deposits are checking accounts, money market accounts, savings accounts and certificates of deposit.

Market Price

Analysts are forecasting an 11.83% rise in Hope Bancorp stock following Thursday’s opening price of $12.90. The current positive sentiment surrounding the company is based on several key factors, including its strong financial position and its recent string of acquisitions. The company is also well-positioned for growth, as it has made a number of acquisitions in recent years.

The current positive sentiment surrounding Hope Bancorp is based on several key factors, including its strong financial position and its recent string of acquisitions. Analysts believe that the company is well-positioned for growth, and they are forecasting a significant rise in the stock price.

VI Analysis

Investors interested in companies with high growth potential may be interested in HOPE BANCORP. The company’s fundamentals reflect its long-term potential, and the VI app makes it easy to track and analyze this data. Based on the VI Star Chart, HOPE BANCORP is classified as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. However, HOPE BANCORP has a high health score of 8/10 considering its cashflows and debt, indicating that it is capable of paying off debt and funding future operations.Overall, HOPE BANCORP is strong in growth, asset, dividend, and medium in profitability.

VI Peers

It is no secret that Hope Bancorp Inc is in competition with CBTX Inc, First Reliance Bancshares Inc, and PT Bank Multiarta Sentosa Tbk. All four companies are vying for a spot in the top three banks in Indonesia. Hope Bancorp Inc has been able to maintain its position as the second largest bank in Indonesia for the past few years, but it is clear that the other companies are closing the gap.

– CBTX Inc ($NASDAQ:CBTX)

Reliance Bancshares Inc is a bank holding company that operates through its subsidiary, Reliance Bank. The Bank offers a range of banking services to businesses and individuals in central Pennsylvania. As of December 31, 2016, the Bank operated 21 full-service offices and one drive-in facility. The Company’s market cap is $25.51M.

– First Reliance Bancshares Inc ($OTCPK:FSRL)

PT Bank Multiarta Sentosa Tbk is an Indonesian bank with a market cap of 4.73T as of 2022. The bank offers a range of banking products and services including savings and deposit accounts, loans, and credit cards. The bank also offers Islamic banking products and services.

Summary

Investing in HOPE BANCORP may be a good idea for those looking for exposure to the banking sector. The company has a strong presence in California and is one of the largest banks in the state. Hope Bancorp has a strong financial position and has been growing its loan portfolio. The company’s shares have performed well in recent years and it looks poised for continued growth.