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HOPE · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Hope Bancorp, Inc. (HOPE) stock moving?
Hope Bancorp reported Q3 2026 net income of $35.6M ($0.28 diluted EPS, up 16% year over year) on Oct 28, with revenue of $157.5M beating the $151.6M estimate and adjusted EPS of $0.29 in line; the MANUBANK commercial banking acquisition closed Oct 1. Price reaction was negative: the stock slid from about $13.97 before results to a $12.80 low on Nov 5, with volume jumping to 2.6M shares on Oct 29 and 2.7M on Nov 2 versus a typical 0.9–1.0M. DA Davidson downgraded to Neutral (PT $14, from $16) on Oct 30 and Piper Sandler kept Neutral with a $13 target on Nov 2, so both recent rating actions sit near the current $13.24 close. The stock has since recovered to $13.24 on Nov 10 with volume normalizing near 1.1–1.4M shares. The Nov 2 announcement of a $1.2B SBA loan portfolio sale and the $0.14 dividend add support, but the analyst consensus has turned cautious and limits near-term upside.
News behind the analysis
- Analyst Rating Actions for Hope BancorpDA Davidson and Piper Sandler updated their ratings and price targets for Hope Bancorp after its recent financial disclosures.
- Hope Bancorp Reports Q3 2026 Financial Results and SBA Portfolio SaleHope Bancorp reported Q3 2026 revenue of $157 million and EPS of $0.28, and announced the sale of a $1.2 billion SBA loan portfolio.
- Piper Sandler Maintains Neutral on Hope Bancorp, Lowers Price Target to $13Piper Sandler kept its Neutral rating on Hope Bancorp and cut its price target to $13.
- DA Davidson Downgrades Hope Bancorp to NeutralDA Davidson downgraded Hope Bancorp from Buy to Neutral and lowered its price target from $16 to $14.
- DA Davidson Adjusts Hope Bancorp Rating and Price TargetDA Davidson lowered its price target on Hope Bancorp from $16 to $14 in its rating update.
- DA Davidson Downgrades Hope Bancorp to Neutral, Lowers Price Target to $14Benzinga reported the DA Davidson downgrade to Neutral and the cut in the price target to $14.
- Hope Bancorp Q3 2026 Earnings Call TranscriptTranscript of the Q3 2026 earnings call, where management discussed loan growth, lower deposit costs, margin expansion and the MANUBANK integration.
- Hope Bancorp Reports Financial Results for the Third Quarter Ended September 30, 2026Net income was $35.6 million, or $0.28 per diluted share, up 16% year over year; excluding merger-related notable items, EPS was $0.29.
- Hope Bancorp Declares Quarterly Cash Dividend of $0.14 Per ShareThe board declared a quarterly cash dividend of $0.14 per common share, payable on November 20, 2026.
About Hope Bancorp, Inc.
Hope Bancorp is the Los Angeles-based holding company for Bank of Hope, a regional bank with roughly $19 billion in assets that grew out of the Korean-American banking community and calls itself the largest regional bank serving multicultural customers across the continental US and Hawaii. It runs about 45 Bank of Hope branches in eight states plus 28 Territorial Savings branches in Hawaii, and in October 2026 it added seven California locations by buying SMBC MANUBANK's commercial banking unit.
How it makes money
Most of its revenue, roughly 85% (about $135 million of about $157 million in Q3 2026), is net interest income. That is the gap between the interest it earns on loans and securities and the interest it pays on deposits. Its loans are mainly commercial real estate and commercial loans, plus SBA, residential mortgage and consumer loans. The rest is fee income from things like service charges, treasury management, foreign exchange, interest-rate derivatives, trade finance and gains from selling SBA loans.
What usually moves HOPE
- Interest rates and net interest margin
- Commercial real estate credit quality
- Loan and deposit growth
- Integration of the Territorial and MANUBANK acquisitions
- Korean-American and Asian-American business community economy