Hope Bancorp (HOPE) Set to Announce Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) will be releasing its earnings data before the market opens on Monday, October 28th. Analysts expect Hope Bancorp to post earnings of $0.22 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The firm had revenue of $116.90 million during the quarter, compared to the consensus estimate of $121.27 million. Hope Bancorp had a net margin of 10.02% and a return on equity of 5.85%. The firm’s revenue was down 20.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. 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 $13.24 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.13. The company has a market cap of $1.60 billion, a P/E ratio of 13.24 and a beta of 1.13. Hope Bancorp has a 52 week low of $8.15 and a 52 week high of $13.59. The company has a 50-day moving average price of $12.49 and a 200 day moving average price of $11.50.

Hope Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were given a $0.14 dividend. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.56 dividend on an annualized basis and a yield of 4.23%. Hope Bancorp’s payout ratio is currently 56.00%.

Insider Buying and Selling at Hope Bancorp

In other Hope Bancorp news, Director Jinho Doo sold 10,703 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $12.40, for a total value of $132,717.20. Following the completion of the transaction, the director now directly owns 21,538 shares of the company’s stock, valued at approximately $267,071.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director David P. Malone sold 10,428 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $12.71, for a total transaction of $132,539.88. Following the completion of the transaction, the director now directly owns 109,991 shares of the company’s stock, valued at $1,397,985.61. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jinho Doo sold 10,703 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.40, for a total transaction of $132,717.20. Following the transaction, the director now directly owns 21,538 shares of the company’s stock, valued at approximately $267,071.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,831 shares of company stock valued at $323,657. Corporate insiders own 5.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HOPE shares. StockNews.com raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 14th. Keefe, Bruyette & Woods increased their target price on shares of Hope Bancorp from $12.00 to $14.00 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

Hope Bancorp Company Profile

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.