The stock of Hope Bancorp Inc (NASDAQ:HOPE) is a huge mover today! About 392,660 shares traded hands. Hope Bancorp Inc (NASDAQ:HOPE) has risen 20.10% since April 18, 2016 and is uptrending. It has outperformed by 15.67% the S&P500.
The move comes after 5 months positive chart setup for the $2.64B company. It was reported on Nov, 18 by Barchart.com. We have $28.64 PT which if reached, will make NASDAQ:HOPE worth $1.24B more.
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.”
More notable recent Hope Bancorp Inc (NASDAQ:HOPE) news were published by: Nasdaq.com which released: “Hope Bancorp, Inc. (HOPE), Interview with Kevin Kim, CEO” on November 08, 2016, also Finance.Yahoo.com with their article: “Hope Bancorp, Inc. (Nasdaq: HOPE) to Ring The Nasdaq Stock Market Opening Bell” published on August 23, 2016, Globenewswire.com published: “Hope Bancorp Announces Branch Optimization Plan and Expansion in Houston Market” on September 26, 2016. More interesting news about Hope Bancorp Inc (NASDAQ:HOPE) were released by: Reuters.com and their article: “BRIEF-BBCN, Wilshire say combined company to be called “Hope Bancorp Inc”” published on May 13, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Brown & Brown, Weyerhaeuser and Hope Bancorp” with publication date: October 24, 2016.
HOPE Company Profile
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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