Hope Bancorp (HOPE) Stock Forecast & Price Target

Hope Bancorp is a well-managed bank with controlled expenses, stable asset quality metrics, and solid loan growth in key markets. Their strong and diverse customer base and emphasis on core business banking products, combined with lower funding costs and a slightly expanding NIM, position the company for steady revenue and PPNR growth in the coming years. Despite a modest decrease in our 2026 earnings estimate, we maintain a BUY rating and a price target of $14.50, representing a 1x multiple on 2026E TBV.

Hope Bancorp is facing a decline in operating income due to lower spread income and higher expenses, offsetting any potential benefits from lower provisions and fee income. The company's asset quality metrics remain stable, but there is a potential risk of deterioration. In addition, sluggish loan demand and a competitive market may negatively impact net interest margin. Furthermore, the company's loan-to-deposit ratio has declined, and initial 2026 guidance predicts only modest loan growth and a relatively high revenue growth target.