What is DA Davidson’s Estimate for Hope Bancorp Q1 Earnings?

Hope Bancorp, Inc. (NASDAQ:HOPE) – Stock analysts at DA Davidson upped their Q1 2025 earnings estimates for Hope Bancorp in a report issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $0.19 for the quarter, up from their prior 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 announced its earnings results on Monday, January 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.03. Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%.

A number of other brokerages also recently weighed in on HOPE. StockNews.com upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Piper Sandler reduced their price objective 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $12.88.

Hope Bancorp Stock Up 1.3 %

Hope Bancorp stock opened at $10.51 on Thursday. Hope Bancorp has a fifty-two week low of $9.80 and a fifty-two week high of $14.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.97. The firm’s 50-day simple moving average is $11.00 and its 200 day simple moving average is $12.16. The stock has a market cap of $1.27 billion, a PE ratio of 12.82 and a beta of 1.15.

Hedge Funds Weigh In On Hope Bancorp

Large investors have recently modified their holdings of the business. Jane Street Group LLC boosted its holdings in Hope Bancorp by 66.8% in the 3rd quarter. Jane Street Group LLC now owns 170,936 shares of the financial services provider’s stock worth $2,147,000 after buying an additional 68,460 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Hope Bancorp by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 893,172 shares of the financial services provider’s stock worth $11,218,000 after acquiring an additional 95,570 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Hope Bancorp by 47.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,055,151 shares of the financial services provider’s stock valued at $12,968,000 after purchasing an additional 337,599 shares in the last quarter. Barclays PLC lifted its holdings in Hope Bancorp by 109.9% during the 3rd quarter. Barclays PLC now owns 253,437 shares of the financial services provider’s stock worth $3,183,000 after purchasing an additional 132,677 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Hope Bancorp by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,842,056 shares of the financial services provider’s stock worth $35,703,000 after purchasing an additional 48,237 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Transactions at Hope Bancorp

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of the company’s 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 of the company’s stock, valued at $227,928.61. This represents a 17.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.29% of the stock is owned by corporate insiders.

Hope Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.33%. Hope Bancorp’s dividend payout ratio is presently 68.29%.

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.