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Wedbush Maintains Their Hold Rating on Hope Bancorp (HOPE)

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In a report released yesterday, David Chiaverini from Wedbush maintained a Hold rating on Hope Bancorp (HOPEResearch Report), with a price target of $17.00. The company’s shares closed last Monday at $16.89, close to its 52-week high of $17.68.

According to TipRanks.com, Chiaverini is a 5-star analyst with an average return of 20.4% and a 65.8% success rate. Chiaverini covers the Financial sector, focusing on stocks such as Pacific Premier Bancorp, Valley National Bancorp, and Cathay General Bancorp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hope Bancorp with a $17.67 average price target, which is a 4.5% upside from current levels. In a report issued on January 26, Piper Sandler also maintained a Hold rating on the stock with a $18.00 price target.

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Hope Bancorp’s market cap is currently $2.03B and has a P/E ratio of 10.16.

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Hope Bancorp, Inc. is a bank holding company, which engages in the provision of financial services through its subsidiary, Bank of Hope. It offers core business banking products for small and medium-sized businesses and individuals. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card, and mortgage loans. The company was founded in February 2000 and is headquartered in Los Angeles, CA.

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