DA Davidson Has Strong Estimate for Hope Bancorp Q1 Earnings

Hope Bancorp, Inc. (NASDAQ:HOPE) – Equities research analysts at DA Davidson lifted their Q1 2025 earnings estimates for Hope Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.19 per share for the quarter, up from their previous forecast of $0.17. DA Davidson currently has a “Buy” rating and a $14.50 target price on the stock. The consensus estimate for Hope Bancorp’s current full-year earnings is $1.09 per share. DA Davidson also issued estimates for Hope Bancorp’s FY2025 earnings at $0.92 EPS and FY2026 earnings at $1.29 EPS.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%.

Other analysts also recently issued reports about the company. Piper Sandler reduced their price target on Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. StockNews.com raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.88.

Hope Bancorp Price Performance

Hope Bancorp stock opened at $9.36 on Thursday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 11.41 and a beta of 1.15. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Hope Bancorp has a 12 month low of $9.04 and a 12 month high of $14.54. The stock’s 50 day moving average is $10.90 and its 200-day moving average is $12.12.

Hedge Funds Weigh In On Hope Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in HOPE. Charles Schwab Investment Management Inc. raised its position in Hope Bancorp by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,346,215 shares of the financial services provider’s stock valued at $29,468,000 after purchasing an additional 33,689 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Hope Bancorp during the 3rd quarter worth $58,000. Townsquare Capital LLC acquired a new position in shares of Hope Bancorp during the 3rd quarter worth $174,000. Walleye Capital LLC acquired a new stake in Hope Bancorp in the third quarter valued at about $697,000. Finally, Verition Fund Management LLC bought a new position in Hope Bancorp in the third quarter valued at about $267,000. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $11.83, for a total transaction of $49,508.55. Following the sale, the executive vice president now directly owns 19,267 shares in the company, valued at $227,928.61. This represents a 17.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.29% of the company’s stock.

Hope Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date was Thursday, February 6th. Hope Bancorp’s dividend payout ratio is currently 68.29%.

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.