Hope Bancorp Inc (HOPE) Files 10-K for the Fiscal Year Ended on December 31, 2018
- By insider
Hope Bancorp Inc (HOPE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Hope Bancorp Inc operates in the financial service sector. It provides banking products to small and medium-sized businesses. Hope Bancorp Inc has a market cap of $1.86 billion; its shares were traded at around $14.66 with a P/E ratio of 10.14 and P/S ratio of 3.55. The dividend yield of Hope Bancorp Inc stocks is 3.75%.
Warning! GuruFocus has detected 3 Warning Signs with HOPE. Click here to check it out.
The intrinsic value of HOPE
For the last quarter Hope Bancorp Inc reported a revenue of $133.5 million, compared with the revenue of $142.8 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $548.1 million, an increase of 0.1% from last year. For the last five years Hope Bancorp Inc had an average revenue growth rate of 15.5% a year.
The reported diluted earnings per share was $1.44 for the year, an increase of 39.8% from previous year. Over the last five years Hope Bancorp Inc had an EPS growth rate of 4.1% a year. The profitability rank of the company is 3 (out of 10).
At the end of the fiscal year, Hope Bancorp Inc has the cash and cash equivalents of $459.6 million, compared with $545.4 million in the previous year. The long term debt was $1.1 billion, compared with $1.3 billion in the previous year. Hope Bancorp Inc has a financial strength rank of 3 (out of 10).
At the current stock price of $14.66, Hope Bancorp Inc is traded at close to its historical median P/S valuation band of $14.87. The P/S ratio of the stock is 3.55, while the historical median P/S ratio is 3.57. The stock lost 16.22% during the past 12 months.
Directors and Officers Recent Trades:
EVP & Chief Comm Banking Ofc Jason K Kim sold 4,750 shares of HOPE stock on 02/25/2019 at the average price of $14.71. The price of the stock has decreased by 0.34% since.
EVP, Chief Credit Officer Peter Koh sold 6,000 shares of HOPE stock on 02/20/2019 at the average price of $14.92. The price of the stock has decreased by 1.74% since.
For the complete 20-year historical financial data of HOPE, click here.
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 3 Warning Signs with HOPE. Click here to check it out.
The intrinsic value of HOPE
