FY2025 EPS Estimates for Hope Bancorp Cut by DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Equities research analysts at DA Davidson cut their FY2025 EPS estimates for Hope Bancorp in a note issued to investors on Thursday, December 19th. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $1.24 for the year, down from their previous estimate of $1.25. The consensus estimate for Hope Bancorp’s current full-year earnings is $0.85 per share.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Hope Bancorp had a net margin of 9.81% and a return on equity of 5.52%. The firm had revenue of $246.92 million for the quarter, compared to analyst estimates of $121.67 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share.

Separately, StockNews.com raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Hope Bancorp Trading Up 2.4 %

Shares of NASDAQ:HOPE opened at $12.37 on Friday. Hope Bancorp has a 1 year low of $9.80 and a 1 year high of $14.53. The firm has a fifty day moving average price of $13.21 and a 200 day moving average price of $12.28. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.49 billion, a PE ratio of 14.73 and a beta of 1.15.

Institutional Trading of Hope Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC acquired a new position in shares of Hope Bancorp in the 3rd quarter worth approximately $48,000. Fifth Third Bancorp lifted its position in shares of Hope Bancorp by 149.5% during the second quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 3,163 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Hope Bancorp during the third quarter valued at approximately $58,000. Choreo LLC bought a new position in Hope Bancorp in the 2nd quarter worth approximately $108,000. Finally, AE Wealth Management LLC acquired a new position in Hope Bancorp during the 2nd quarter worth $112,000. Institutional investors own 84.00% of the company’s stock.

Insider Activity at Hope Bancorp

In other news, Director Steven Koh sold 96,620 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $13.33, for a total transaction of $1,287,944.60. Following the sale, the director now directly owns 3,167,023 shares in the company, valued at approximately $42,216,416.59. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Angelee Harris sold 3,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.16, for a total value of $42,480.00. Following the completion of the transaction, the executive vice president now directly owns 19,795 shares of the company’s stock, valued at approximately $280,297.20. This trade represents a 13.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,224 shares of company stock worth $1,737,873 in the last ninety days. 5.29% of the stock is currently owned by insiders.

Hope Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 4.53%. Hope Bancorp’s payout ratio is 66.67%.

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.