FY2025 EPS Estimates for Hope Bancorp Decreased by Analyst

Hope Bancorp, Inc. (NASDAQ:HOPE) – Stock analysts at DA Davidson decreased their FY2025 earnings estimates for Hope Bancorp in a research report issued to clients and investors on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $1.24 per share for the year, down from their previous estimate of $1.25. The consensus estimate for Hope Bancorp’s current full-year earnings is $0.85 per share.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings data 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). Hope Bancorp had a return on equity of 5.52% and a net margin of 9.81%. The firm had revenue of $246.92 million during the quarter, compared to analysts’ expectations of $121.67 million. During the same quarter in the previous year, the firm earned $0.25 earnings per share.

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

Hope Bancorp Stock Down 1.2 %

Shares of HOPE stock opened at $12.08 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. Hope Bancorp has a 12 month low of $9.80 and a 12 month high of $14.53. The stock has a market cap of $1.46 billion, a P/E ratio of 14.38 and a beta of 1.15. The company has a 50 day simple moving average of $13.21 and a two-hundred day simple moving average of $12.28.

Hope Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given 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 4.64%. Hope Bancorp’s payout ratio is 66.67%.

Insider Buying and Selling at Hope Bancorp

In related news, Director Steven Koh sold 96,620 shares of Hope Bancorp stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $13.33, for a total transaction of $1,287,944.60. Following the completion of the transaction, the director now directly owns 3,167,023 shares of the company’s stock, valued at approximately $42,216,416.59. The trade was a 2.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angelee Harris sold 3,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.16, for a total transaction of $42,480.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 129,224 shares of company stock worth $1,737,873 in the last quarter. 5.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its holdings in Hope Bancorp by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 648,095 shares of the financial services provider’s stock valued at $8,140,000 after acquiring an additional 53,587 shares during the period. American Century Companies Inc. boosted its holdings in shares of Hope Bancorp by 17.4% in the second quarter. American Century Companies Inc. now owns 2,000,739 shares of the financial services provider’s stock valued at $21,488,000 after purchasing an additional 296,469 shares during the period. Walleye Capital LLC bought a new position in Hope Bancorp in the third quarter worth approximately $697,000. Quantbot Technologies LP bought a new position in shares of Hope Bancorp during the 3rd quarter worth $58,000. Finally, Intech Investment Management LLC grew its holdings in Hope Bancorp by 3.7% during the 3rd quarter. Intech Investment Management LLC now owns 48,464 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 1,744 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

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.