Hope Bancorp Inc (HOPE) Files 10-K for the Fiscal Year Ended on December 31, 2019

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Feb 27, 2020
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Hope Bancorp Inc (HOPE, Financial)(30-Year Financial) files its latest 10-K with SEC for the fiscal year ended on December 31, 2019. 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 $1.59 billion; its shares were traded at around $12.66 with a P/E ratio of 9.30 and P/S ratio of 3.09. The dividend yield of Hope Bancorp Inc stocks is 4.43%. GuruFocus has detected 1 severe warning sign with Hope Bancorp Inc. .

For the last quarter Hope Bancorp Inc reported a revenue of $124.8 million, compared with the revenue of $133.0 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $511.3 million, a decrease of 6.2% from the previous year. For the complete 30-year financial data, please go here.. For the last five years Hope Bancorp Inc had an average revenue growth rate of 13.8% a year.

The reported diluted earnings per share was $1.35 for the year, a decline of 6.2% from the previous year. Over the last five years Hope Bancorp Inc had an EPS growth rate of 4.6% a year. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Hope Bancorp Inc has the cash and cash equivalents of $698.6 million, compared with $489.0 million in the previous year. The long term debt was $927.5 million, compared with $1.1 billion in the previous year. Hope Bancorp Inc has a financial strength rank of 3 (out of 10).

At the current stock price of $12.66, Hope Bancorp Inc is traded at 15.1% discount to its historical median P/S valuation band of $14.91. The P/S ratio of the stock is 3.09, while the historical median P/S ratio is 3.65. The stock lost 6.49% during the past 12 months.

For the complete 20-year historical financial data of HOPE, click here.