Hope Bancorp, Inc.

HOPE

US43940T1097

Banks

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-17 pm EDT			5-day change	1st Jan Change
10.93 ^USD	+0.55%		-0.27%	-9.52%

May. 01	North American Morning Briefing : Traders Wait for -2-	DJ
Apr. 30	Wedbush Trims Hope Bancorp's Price Target to $11 From $12 After Mixed Q1 Results, Keeps Neutral Rating	MT

ABA-Hope to buy Territorial Bancorp, UMB to purchase Heartland Financial

May 01, 2024 at 06:59 am EDT

OCC sees need for regulatory reform in bank merger process.

Hope Bancorp in Los Angeles has agreed to buy Territorial Bancorp in Honolulu. The $18.1 billion-asset Hope said in a news release that it will pay $78.6 million in stock for the $2.2 billion-asset Territorial. The deal is expected to close by the end of the year. Once completed, the transaction will leave just six FDIC-insured banks chartered in the island state, according to FDIC data.

UMB Financial in Kansas City, Missouri, has agreed to buy Heartland Financial USA in Denver. The $45.1 billion-asset UMB said in a news release that it will pay $2 billion in stock for the $19.4 billion-asset Heartland. The deal is expected to close in the first quarter.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
UMB FINANCIAL CORPORATION	86.14 USD	+2.03%	+4.44%	4.12B
HEARTLAND FINANCIAL USA, INC.	45.44 USD	+1.93%	+3.39%	1.91B
HOPE BANCORP, INC.	10.93 USD	+0.55%	-0.27%	1.31B
TERRITORIAL BANCORP INC.	8.49 USD	+0.12%	-0.12%	72.82M

Latest news about Hope Bancorp, Inc.

North American Morning Briefing : Traders Wait for -2-	May. 01	DJ
Wedbush Trims Hope Bancorp's Price Target to $11 From $12 After Mixed Q1 Results, Keeps Neutral Rating	Apr. 30	MT
DA Davidson Upgrades Hope Bancorp to Buy, Price Target at $12.50	Apr. 30	MT
Transcript : Hope Bancorp, Inc., Q1 2024 Earnings Call, Apr 29, 2024	Apr. 29
Hope Bancorp Q1 EPS, Revenue Decrease	Apr. 29	MT
Hope Bancorp to Acquire Territorial Bancorp in $78.6 Million Stock Deal	Apr. 29	MT
Earnings Flash (HOPE) HOPE BANCORP Reports Q1 EPS $0.23, vs. Street Est of $0.26	Apr. 29	MT
Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About May 23, 2024	Apr. 29	CI
Hope Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 29	CI
Stocks Gain Pre-Bell as Fed Policy Decision Looms; Asia, Europe Strong	Apr. 29	MT
North American Morning Briefing : Investors Brace -2-	Apr. 29	DJ
Hope Bancorp, Inc. signed a definitive merger agreement to acquire Territorial Bancorp Inc. for $77.89 million.	Apr. 28	CI
Mary E. Thigpen Will Not Stand for Re-Election to the Board of Directors of Hope Bancorp, Inc	Mar. 22	CI
Tranche Update on Hope Bancorp, Inc.'s Equity Buyback Plan announced on January 24, 2022.	Feb. 28	CI
Wedbush Trims Hope Bancorp's Price Target to $12 From $13 After Mixed Q4 2023 Results, Keeps Neutral Rating	Jan. 31	MT
Transcript : Hope Bancorp, Inc., Q4 2023 Earnings Call, Jan 30, 2024	Jan. 30
Sector Update: Financial Stocks Lean Lower Premarket Tuesday	Jan. 30	MT
Sector Update: Financial	Jan. 30	MT
Hope Bancorp's Q4 Non-GAAP Earnings, Revenue Fall	Jan. 30	MT
North American Morning Briefing : Microsoft Kicks -2-	Jan. 30	DJ
Earnings Flash (HOPE) HOPE BANCORP Reports Q4 EPS $0.32, vs. Street Est of $0.30	Jan. 30	MT
Hope Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on or About February 23, 2024	Jan. 30	CI
Hope Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Jan. 30	CI
Hope Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Jan. 30	CI
Wedbush Trims Hope Bancorp's Price Target to $9 From $10 After Mixed Q3 Results, Keeps Neutral Rating	23-10-24	MT

Chart Hope Bancorp, Inc.

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Company Profile

Hope Bancorp, Inc. is the holding company of Bank of Hope (the Bank). The Company's loan portfolio segments include commercial real estate (CRE) loans, commercial and industrial (C&I) loans, residential mortgage loans, and consumer and other loans. CRE loans are extended for the purchase and refinance of commercial real estate and are generally secured by first deeds of trust and are collateralized by residential or commercial properties. C&I loans are loans provided to businesses for various purposes such as for working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance activities, and other business related financing needs, and also include syndicated loans. Residential mortgage loans are extended for personal, family, or household use and are secured by a mortgage or deed of trust. Consumer and other loans consist of home equity, credit cards, and other personal loans. It operates over 54 full-service branches in the United States.

Sector

Banks

Calendar

2024-05-23 - Annual General Meeting

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Russell 2000

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Ratings for Hope Bancorp, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

10.93 USD

Average target price

11.5 USD

Spread / Average Target

+5.22%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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	1st Jan change	Capi.
HOPE BANCORP, INC.	-9.52%	1.31B
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JAPAN POST BANK CO., LTD.	+7.21%	35.83B
QATAR NATIONAL BANK (Q.P.S.C.)	-15.43%	35.46B
INVEST BANK	-96.60%	32.24B
FIFTH THIRD BANCORP	+11.80%	26.4B

Commercial Banks

Hope Bancorp, Inc.

Equities

HOPE

US43940T1097

Banks

ABA-Hope to buy Territorial Bancorp, UMB to purchase Heartland Financial

Stocks mentioned in the article

EPS Revisions