Notable Price Action: It Seems Hope Bancorp Inc Will Go Up. Just Reaches Record High

The stock of Hope Bancorp Inc (NASDAQ:HOPE) reached all time high today, Dec, 27 and still has $ 23.77 target or 6.00% above today’s $ 22.42 share price. This indicates more upside for the $ 3.03 billion company. This technical setup was reported by Barchart.com. If the $ 23.77 PT is reached, the company will be worth $ 181.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 192,943 shares traded hands. Hope Bancorp Inc (NASDAQ:HOPE) has risen 43.15% since May 23, 2016 and is uptrending. It has outperformed by 32.62% the S&P500.

Analysts await Hope Bancorp Inc (NASDAQ:HOPE) to report earnings on January, 23. They expect $ 0.32 EPS, up 6.67% or $ 0.02 from last year’s $ 0.3 per share. HOPE’s profit will be $ 43.25 million for 17.52 P/E if the $ 0.32 EPS becomes a reality. After $ 0.32 actual EPS reported by Hope Bancorp Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

According to Zacks Investment Research, “Hope Bancorp Inc. operates as the bank holding company which provides commercial banking services primarily to small- to medium-sized businesses and individuals primarily in the United States. Its product and services consists of deposits, loans, equipment lease financing and postdated check discount as well as factoring. The company operates primarily in California, New York, New Jersey, Washington and Illinois. Hope Bancorp, Inc., formerly known as BBCN Bancorp, Inc., is headquartered in Los Angeles, California.”

Another recent and important Hope Bancorp Inc (NASDAQ:HOPE) news was published by Reuters.com which published an article titled: “BRIEF-BBCN, Wilshire say combined company to be called “Hope Bancorp Inc”” on May 13, 2016.

Hope Bancorp, Inc., formerly BBCN Bancorp, Inc., incorporated on June 5, 2000, is the holding firm of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama. The Bank also operates small business administration (SBA) loan production offices in Seattle, Denver, Dallas, Atlanta, Northern California, Annandale, Virginia, Portland, Oregon and Fremont, California; residential mortgage loan production offices in California, and a representative office in Seoul, Korea. Bank of Hope specializes in business banking products for small and medium-sized businesses, with an emphasis in commercial real estate and commercial lending, SBA lending and international trade financing. Bank of Hope is a California-chartered bank, and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Bank of Hope is an Equal Opportunity Lender.

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