Hope Bancorp Inc. (HOPE)’s Financial Results Comparing With TriCo Bancshares (NASDAQ:TCBK)

Hope Bancorp Inc. (NASDAQ:HOPE) and TriCo Bancshares (NASDAQ:TCBK) are two firms in the Regional – Pacific Banks that compete against each other. Below is a comparison of their institutional ownership, earnings and valuation, profitability, risk, dividends, analyst recommendations.

Valuation and Earnings

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio
Hope Bancorp Inc. 523.82M 3.22 181.12M 1.40 9.76
TriCo Bancshares 281.87M 4.17 77.14M 2.68 14.71

In table 1 we can see Hope Bancorp Inc. and TriCo Bancshares’s gross revenue, earnings per share (EPS) and valuation. TriCo Bancshares is observed to has lower revenue, but higher earnings than Hope Bancorp Inc. Presently more affordable of the two stocks is the company with a lower price-to-earnings ratio. Hope Bancorp Inc.’s shares have been trading at lower price-to-earnings ratio which means it is presently more affordable than TriCo Bancshares.

Profitability

Table 2 demonstrates the return on assets, net margins and return on equity of Hope Bancorp Inc. and TriCo Bancshares.

Net Margins Return on Equity Return on Assets
Hope Bancorp Inc. 34.58% 9.5% 1.2%
TriCo Bancshares 27.37% 7.3% 0.9%

Volatility & Risk

Hope Bancorp Inc. is 47.00% more volatile than S&P 500 due to its 1.47 beta. Competitively, TriCo Bancshares’s 13.00% volatility makes it less volatile than S&P 500, because of the 0.87 beta.

Dividends

Hope Bancorp Inc. dividend pay is $0.56 per share with 4.18% dividend yield annually. The dividend yield for TriCo Bancshares is 1.87% while its annual dividend payout is $0.72 per share.

Insider and Institutional Ownership

Hope Bancorp Inc. and TriCo Bancshares has shares held by institutional investors as follows: 90% and 60.6%. About 0.6% of Hope Bancorp Inc.’s share are held by insiders. On the other hand, insiders held about 1% of TriCo Bancshares’s shares.

Performance

Here are the Weekly, Monthly, Quarterly, Half Yearly, Yearly and YTD Performance of both pretenders.

Performance (W) Performance (M) Performance (Q) Performance (HY) Performance (Y) Performance (YTD)
Hope Bancorp Inc. -3.8% -2.01% -7.26% -8.99% -24.28% 15.18%
TriCo Bancshares -1.89% 0.36% 2.21% 7.63% 5.46% 16.54%

For the past year Hope Bancorp Inc. was less bullish than TriCo Bancshares.

Summary

On 8 of the 14 factors TriCo Bancshares beats Hope Bancorp Inc.

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.

TriCo Bancshares operates as a bank holding company for Tri Counties Bank that provides commercial banking services to retail customers and small to medium-sized businesses in Northern and Central California. It accepts demand, savings, money market rate deposit accounts, and time deposits; and provides residential and commercial real estate mortgage, consumer, commercial, agricultural, and real estate construction loans. The company also offers installment note collection services; issues cashierÂ’s checks; sells travelers checks; and provides safe deposit boxes and other customary banking services. In addition, it provides independent financial and broker-dealer services. The company operates 58 traditional and 10 in-store branches. TriCo Bancshares was founded in 1974 and is headquartered in Chico, California.

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