Alert: Positive Investment/Fundamental Signals (11/17/23)-Hope Bancorp Inc (NASDAQ: HOPE)


Hope Bancorp Inc (NASDAQ: HOPE) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Hope Bancorp Inc (NASDAQ: HOPE) has benefited from meaningful positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

HOPE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Hope Bancorp has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Hope Bancorp has a very high Appreciation Score of 88 but a neutral Power Rating of 44, with the Positive Value Trend Rating the result.

Recent Price Action

On 11/17/23, Hope Bancorp Inc (NASDAQ: HOPE) stock increased 1.5%, closing at $10.14. The stock has performed in line with the market over the last nine months and has risen 10.7% during the last week.

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