Alert: Rating Upgrade (11/10/23)-Hope Bancorp Inc (NASDAQ: HOPE).


Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Hope Bancorp Inc (NASDAQ: HOPE) improved recently. HOPE’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.


Recent Price Action

Hope Bancorp Inc (NASDAQ: HOPE) stock closed at $9.15 on 11/10/23 after a slight decline of -0.1%. The stock has performed in line with the market over the last nine months and is unchanged during the last week.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, HOPE is expected to continue to be a modest Value Builder.

Hope Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hope Bancorp has a very high Appreciation Score of 89 but a slightly negative Power Rating of 39, resulting in the Positive Value Trend Rating.

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