What is Wedbush’s Forecast for Hope Bancorp FY2025 Earnings?

Hope Bancorp, Inc. (NASDAQ:HOPE) – Equities research analysts at Wedbush dropped their FY2025 earnings per share estimates for shares of Hope Bancorp in a research note issued on Monday, October 28th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will earn $1.10 per share for the year, down from their previous forecast of $1.35. The consensus estimate for Hope Bancorp’s current full-year earnings is $0.87 per share.

Hope Bancorp (NASDAQ:HOPE) last released its earnings results on Monday, October 28th. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). Hope Bancorp had a return on equity of 5.85% and a net margin of 10.02%. The company had revenue of $246.92 million during the quarter, compared to the consensus estimate of $121.67 million. During the same period last year, the firm posted $0.25 earnings per share.

A number of other research firms have also recently commented on HOPE. Keefe, Bruyette & Woods increased their price target 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. StockNews.com downgraded Hope Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday.

Hope Bancorp Stock Performance

Shares of Hope Bancorp stock opened at $12.39 on Thursday. Hope Bancorp has a 1 year low of $8.51 and a 1 year high of $13.59. The firm’s 50-day moving average is $12.58 and its 200 day moving average is $11.60. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 14.75 and a beta of 1.13. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.96 and a quick ratio of 0.95.

Institutional Investors Weigh In On Hope Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new position in Hope Bancorp during the third quarter valued at approximately $48,000. SageView Advisory Group LLC purchased a new position in shares of Hope Bancorp during the 1st quarter valued at $49,000. Fifth Third Bancorp boosted its holdings in Hope Bancorp by 149.5% in the 2nd quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider’s stock worth $57,000 after buying an additional 3,163 shares during the period. CWM LLC boosted its holdings in Hope Bancorp by 15.7% in the 3rd quarter. CWM LLC now owns 9,109 shares of the financial services provider’s stock worth $114,000 after buying an additional 1,238 shares during the period. Finally, Choreo LLC purchased a new stake in Hope Bancorp in the 2nd quarter worth $108,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Hope Bancorp news, EVP Thomas Stenger sold 3,200 shares of Hope Bancorp stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $12.40, for a total value of $39,680.00. Following the completion of the sale, the executive vice president now owns 25,952 shares of the company’s stock, valued at approximately $321,804.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Thomas Stenger sold 3,200 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $12.40, for a total transaction of $39,680.00. Following the completion of the sale, the executive vice president now owns 25,952 shares in the company, valued at approximately $321,804.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David P. Malone sold 10,428 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $12.71, for a total value of $132,539.88. Following the completion of the transaction, the director now directly owns 109,991 shares in the company, valued at $1,397,985.61. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,831 shares of company stock valued at $323,657 over the last three months. Insiders own 5.29% of the company’s stock.

Hope Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 4.52%. 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.