Hope Bancorp (NASDAQ:HOPE – Get Free Report) announced its quarterly earnings data on Monday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Briefing.com reports. The firm had revenue of $246.92 million during the quarter, compared to the consensus estimate of $121.67 million. Hope Bancorp had a return on equity of 5.85% and a net margin of 10.02%. During the same period last year, the company earned $0.25 EPS.
Hope Bancorp Price Performance
HOPE stock traded up $0.05 during mid-day trading on Thursday, reaching $12.57. 63,038 shares of the company’s stock were exchanged, compared to its average volume of 720,222. The stock’s 50 day moving average is $12.58 and its 200 day moving average is $11.60. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 14.07 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. Hope Bancorp has a 12-month low of $8.51 and a 12-month high of $13.59.
Hope Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend is Thursday, November 7th. Hope Bancorp’s dividend payout ratio is currently 62.92%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Hope Bancorp
Insider Buying and Selling at Hope Bancorp
In other Hope Bancorp news, Director David P. Malone sold 10,428 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $12.71, for a total transaction of $132,539.88. Following the completion of the transaction, the director now owns 109,991 shares in the company, valued at $1,397,985.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Hope Bancorp news, Director Jinho Doo sold 10,703 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $12.40, for a total transaction of $132,717.20. Following the transaction, the director now owns 21,538 shares of the company’s stock, valued at $267,071.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David P. Malone sold 10,428 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $12.71, for a total value of $132,539.88. Following the sale, the director now owns 109,991 shares of the company’s stock, valued at approximately $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 have sold 25,831 shares of company stock worth $323,657 over the last quarter. 5.29% of the stock is currently owned by company insiders.
Hope Bancorp Company Profile
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.
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