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HOPE

Hope Bancorp

$13.87

-0.15 (-1.07%)

16:36
01/22/19
01/22
16:36
01/22/19
16:36

Hope Bancorp reports Q4 EPS 35c, consensus 36c

Q4 net interest income totaled $121.9M. Reports Q4 net interest margin 3.41% vs. 3.47% last year. "As we move forward into 2019, we continue to operate our business for the long term. We expect the retention of the guaranteed portion of our SBA loans in our portfolio will have a positive effect on our overall strategies to support our net interest margin and enhance profitability. With our proactive efforts managing our asset quality in this late stage of the economic growth cycle, we believe Bank of Hope is well positioned for long-term success," said CEO Kevin Kim.

  • 23

    Jan

HOPE Hope Bancorp
$13.87

-0.15 (-1.07%)

10/18/18
DADA
10/18/18
NO CHANGE
Target $16
DADA
Neutral
Hope Bancorp price target lowered to $16 from $19 at DA Davidson
DA Davidson analyst Gary Tenner lowered his price target on Hope Bancorp to $16 and kept his Neutral rating after its Q3 earnings came in just shy of his estimate. The analyst notes that net interest margin compression has worsened, with the outlook for more softness to come over the intermediate term. Tenner adds that the bank's earnings outlook is dependent on its ability to generate incremental deposits at lower costs, and while there are initiatives to do so, he sees investor concerns regarding its funding costs and net interest margins containing the upside on the shares.
05/30/18
05/30/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Hold from Buy at Maxim with analyst Nehal Chokshi saying he sees high risk that FY19 will be a "down year" given declines in the broader smartphone market. 2. AK Steel (AKS) downgraded to Sell from Neutral at Goldman Sachs with analyst Matthew Korn citing continued underperformance by the company in terms of pricing and margins and also points to its limited visibility around downstream operations. 3. AbbVie (ABBV) downgraded to Underperform from Neutral at Credit Suisse with analyst Vamil Divan saying he is increasingly concerned about the longevity of its flagship product Humira. 4. Petrobras (PBR) downgraded to Hold from Buy at Santander. 5. Hope Bancorp (HOPE) downgraded to Neutral from Buy at DA Davidson with analyst Gary Tenner saying that while the company has posted "solid profitability metrics," its 100% loan/deposit ratio will make it challenging to fund growth without hurting net interest margins. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/30/18
DADA
05/30/18
DOWNGRADE
Target $20
DADA
Neutral
Hope Bancorp downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Gary Tenner downgraded Hope Bancorp to Neutral from Buy and kept his $20 price target, saying that while the company has posted "solid profitability metrics", its 100% loan/deposit ratio will make it challenging to fund growth without hurting net interest margins. The analyst also attributes the rating change to valuation following a run-up in the stock price since the late-April sell-off.

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SSNLF

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AWR

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HPQ

HP Inc.

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-0.4 (-2.07%)

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MCD

McDonald's

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-1.11 (-0.59%)

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BA

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ACHC

Acadia

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AAPL

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ZFGN

Zafgen

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NOC

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