Hope Bancorp (HOPE) Expected to Announce Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) is expected 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 are interested in registering for the company’s conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last issued its earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $246.92 million during the quarter, compared to analyst estimates of $121.67 million. Hope Bancorp had a net margin of 9.81% and a return on equity of 5.52%. During the same period in the prior year, the business posted $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 Trading Up 0.2 %

Shares of HOPE stock opened at $12.12 on Friday. The stock’s fifty day moving average price is $12.72 and its two-hundred day moving average price is $12.61. The company has a market cap of $1.46 billion, a PE ratio of 14.43 and a beta of 1.16. Hope Bancorp has a fifty-two week low of $9.80 and a fifty-two week high of $14.53. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96.

Hope Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date was Thursday, November 7th. Hope Bancorp’s dividend payout ratio is presently 66.67%.

Analyst Ratings Changes

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

Insider Activity at Hope Bancorp

In related news, Director Steven Koh sold 96,620 shares of the firm’s stock in a transaction 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 owns 3,167,023 shares of the company’s stock, valued at $42,216,416.59. This trade represents a 2.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Angelee Harris sold 3,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.16, for a total value of $42,480.00. Following the sale, the executive vice president now directly owns 19,795 shares in the company, valued at approximately $280,297.20. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 129,224 shares of company stock valued at $1,737,873 in the last 90 days. 5.29% of the stock is owned by corporate insiders.

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.