Hope Bancorp (HOPE) Projected to Post Quarterly Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) is projected to post its quarterly earnings results before the market opens on Monday, January 27th. Analysts expect Hope Bancorp to post earnings of $0.17 per share and revenue of $119,975.00 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

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

HOPE stock opened at $12.09 on Monday. The firm has a market cap of $1.46 billion, a PE ratio of 14.39 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. The business’s 50-day moving average price is $12.88 and its two-hundred day moving average price is $12.58. Hope Bancorp has a 1-year low of $9.80 and a 1-year high of $14.53.

Hope Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 4.63%. Hope Bancorp’s dividend payout ratio (DPR) is currently 66.67%.

Insider Buying and Selling at Hope Bancorp

In other news, Director Daisy Y. Ha sold 27,104 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $13.83, for a total transaction of $374,848.32. Following the transaction, the director now directly owns 446,806 shares in the company, valued at $6,179,326.98. The trade was a 5.72 % decrease in their position. 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 company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.16, for a total transaction of $42,480.00. Following the completion of the sale, the executive vice president now directly owns 19,795 shares in the company, valued at approximately $280,297.20. The trade was a 13.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,224 shares of company stock worth $1,737,873. Insiders own 5.29% of the company’s stock.

Wall Street Analyst Weigh In

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

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.