Hope Bancorp (HOPE) Expected to Announce 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $246.92 million for the quarter, compared to the consensus estimate of $121.67 million. Hope Bancorp had a return on equity of 5.52% and a net margin of 9.81%. During the same period last year, the firm 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 Price Performance

Shares of Hope Bancorp stock opened at $12.12 on Friday. Hope Bancorp has a 12 month low of $9.80 and a 12 month high of $14.53. 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 $12.72 and its 200-day moving average price is $12.63. The firm has a market capitalization of $1.46 billion, a PE ratio of 14.43 and a beta of 1.16.

Hope Bancorp Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Daisy Y. Ha sold 27,104 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $13.83, for a total transaction of $374,848.32. Following the completion of the sale, the director now owns 446,806 shares in the company, valued at approximately $6,179,326.98. This trade represents a 5.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Angelee Harris sold 3,000 shares of Hope Bancorp stock in a transaction that occurred 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 $280,297.20. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,224 shares of company stock worth $1,737,873 over the last quarter. 5.29% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.