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FIG Partners downgraded Hope Bancorp (NDAQ:HOPE) from Outperform to Market Perform in a statement released earlier today.

Just yesterday Hope Bancorp (NDAQ:HOPE) traded -1.23% lower at $0.00. Hope Bancorp’s 50-day moving average is $16.51 and its 200-day moving average is $18.31. The last stock price is down -12.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 1,647,965 shares of HOPE traded hands, up from an average trading volume of 537,366

FIG Partners has downgraded Hope Bancorp (NDAQ:HOPE) from Outperform to Market Perform in a statement released on 09/15/2017. They are also indicating a possible upside of 0%.

Recent Performance Chart

Hope Bancorp (NDAQ:HOPE)

Hope Bancorp has 52 week low of $15.10 and a one year high of $22.99 with a price-earnings ratio of 14.63 and has a total market value of $0.

Brief Synopsis About Hope Bancorp (NDAQ:HOPE)

Hope Bancorp, Inc. operates as the bank holding company for Bank of Hope that provides commercial banking services primarily to small and medium-sized businesses and individuals in the United States. The company offers deposits comprising personal and business checking accounts, money market accounts, savings accounts, time deposit accounts, and individual retirement accounts. It also provides commercial loans to businesses for various purposes, which consist of working capital, purchasing inventory, debt refinancing, business acquisitions, and other business related financing needs; commercial real estate loans; small business administration loans; and consumer loans, such as auto, home equity, single-family mortgage, and signature loans. In addition, the company offers trade finance services that comprise issuing and advising on letters of credit for export and import businesses, as well as handles documentary collections. Further, it provides cash management services, such as remote deposit capture, lock box, and ACH origination services; investment and wealth management services to high-net-worth clients; mobile banking application for smartphones; debit and credit card services; foreign exchanges services, safe deposit boxes, and other customary bank services; and Internet banking and bill-pay services, as well as operates automated teller machines. As of December 31, 2016, the company operated 73 branches in California, New York/New Jersey, Illinois, Washington, Texas, Virginia, Alabama, and Georgia; and 8 loan production offices in Dallas, Seattle, Atlanta, Denver, Portland, Fremont, Newport Beach, and Laguna Niguel. The company was formerly known as BBCN Bancorp, Inc. and changed its name to Hope Bancorp, Inc. in August 2016. Hope Bancorp, Inc. was founded in 1989 and is headquartered in Los Angeles, California.

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