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HOPE

Hope Bancorp

$13.23

-0.5 (-3.64%)

18:06
05/23/19
05/23
18:06
05/23/19
18:06

Hope Bancorp names Kevin S. Kim chairman of the board

Hope Bancorp, Inc. announced that its board of directors appointed President and Chief Executive Officer Kevin S. Kim as chairman of the board of directors of the company and bank, effective immediately. Kim succeeds Scott Yoon-Suk Whang, who was appointed Lead Independent Director of the company and Bank, effective immediately. "Our Board of Directors has absolute confidence in Mr. Kim's ability to lead the Company's strategic vision," said Scott Yoon-Suk Whang, Lead Independent Director. "We believe that unifying the role of the Chairman and CEO is the most effective leadership structure at this time. And in accordance with our governance philosophy, I will continue my active participation as the Lead Independent Director on behalf of the Board and provide appropriate independent oversight. We also believe this structure will further promote our Board's effectiveness and more appropriately allocate authority and responsibility between the Board and management."

  • 23

    May

HOPE Hope Bancorp
$13.23

-0.5 (-3.64%)

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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AEO

American Eagle

$17.96

0.38 (2.16%)

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RDHL

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STLD

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STLD

Steel Dynamics

$26.23

-0.19 (-0.72%)

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CWEN

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GNBT

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Anthem

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