Hope Bancorp (HOPE) to Release Earnings on Tuesday

Hope Bancorp (NASDAQ:HOPE) is expected to release its earnings data before the market opens on Tuesday, April 22nd. Analysts expect Hope Bancorp to post earnings of $0.17 per share and revenue of $114.97 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%. On average, analysts expect Hope Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hope Bancorp Price Performance

Shares of NASDAQ HOPE opened at $9.52 on Monday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.97. Hope Bancorp has a fifty-two week low of $8.83 and a fifty-two week high of $14.54. The stock has a market cap of $1.15 billion, a PE ratio of 11.61 and a beta of 0.96. The stock has a fifty day moving average of $10.34 and a 200-day moving average of $11.85.

Hope Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.88%. The ex-dividend date was Thursday, February 6th. Hope Bancorp’s payout ratio is presently 68.29%.

Insiders Place Their Bets

In other news, EVP Thomas Stenger sold 4,185 shares of Hope Bancorp stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $11.83, for a total transaction of $49,508.55. Following the completion of the sale, the executive vice president now directly owns 19,267 shares of the company’s stock, valued at approximately $227,928.61. The trade was a 17.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on HOPE. Piper Sandler cut their price objective on shares of Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, January 30th. DA Davidson reduced their price target on shares of Hope Bancorp from $15.50 to $14.50 and set a “buy” rating for the company in a research report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.88.

About Hope Bancorp

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans.