Hope Bancorp (HOPE) to Release Quarterly Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.27 per share 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 posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). Hope Bancorp had a return on equity of 7.03% and a net margin of 12.19%. The firm had revenue of $135.20 million for the quarter, compared to the consensus estimate of $138.47 million. During the same period in the prior year, the business earned $0.43 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 Price Performance

Hope Bancorp stock opened at $10.96 on Friday. Hope Bancorp has a 52 week low of $7.42 and a 52 week high of $12.51. The company’s 50 day moving average price is $10.95 and its two-hundred day moving average price is $10.72. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.32 billion, a P/E ratio of 9.79 and a beta of 1.13.

Hope Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, February 8th. This represents a $0.56 annualized dividend and a dividend yield of 5.11%. Hope Bancorp’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

HOPE has been the topic of several recent analyst reports. Wedbush dropped their target price on shares of Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. StockNews.com upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.33.

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.