Q1 Earnings Estimate for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Equities research analysts at DA Davidson issued their Q1 2025 earnings per share estimates for shares of Hope Bancorp in a note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner expects that the financial services provider will post earnings of $0.17 per share for the quarter. DA Davidson currently has a “Buy” rating and a $14.50 target price on the stock. The consensus estimate for Hope Bancorp’s current full-year earnings is $0.85 per share. DA Davidson also issued estimates for Hope Bancorp’s FY2025 earnings at $1.32 EPS.

A number of other brokerages have also issued reports on HOPE. StockNews.com upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Piper Sandler decreased their target price on Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $12.88.

Hope Bancorp Trading Up 0.7 %

NASDAQ HOPE opened at $11.76 on Thursday. The stock has a market cap of $1.42 billion, a P/E ratio of 14.00 and a beta of 1.16. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. Hope Bancorp has a 12-month low of $9.80 and a 12-month high of $14.53. The company has a fifty day simple moving average of $12.60 and a two-hundred day simple moving average of $12.64.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Hope Bancorp had a return on equity of 5.52% and a net margin of 9.81%.

Institutional Trading of Hope Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC increased its stake in Hope Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 431,536 shares of the financial services provider’s stock worth $5,304,000 after purchasing an additional 21,082 shares during the period. EMC Capital Management increased its stake in Hope Bancorp by 1,082.6% during the 4th quarter. EMC Capital Management now owns 29,566 shares of the financial services provider’s stock worth $363,000 after buying an additional 27,066 shares during the period. KBC Group NV lifted its holdings in Hope Bancorp by 36.6% during the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider’s stock worth $87,000 after buying an additional 1,901 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Hope Bancorp by 31.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider’s stock valued at $44,000 after buying an additional 848 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Hope Bancorp by 47.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,055,151 shares of the financial services provider’s stock worth $12,968,000 after acquiring an additional 337,599 shares in the last quarter. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Steven Koh sold 96,620 shares of the company’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 value of $1,287,944.60. Following the completion of the sale, the director now directly owns 3,167,023 shares in the company, valued at $42,216,416.59. This represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Angelee Harris sold 3,000 shares of the business’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 transaction, the executive vice president now directly owns 19,795 shares in the company, valued at $280,297.20. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 129,224 shares of company stock valued at $1,737,873. Corporate insiders own 5.29% of the company’s stock.

Hope Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Thursday, February 6th. Hope Bancorp’s payout ratio is presently 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.