Hope Bancorp (HOPE) Scheduled to Post Quarterly Earnings on Monday

Hope Bancorp (NASDAQ:HOPEGet Rating) is set to announce its earnings results after the market closes on Monday, April 18th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.

Hope Bancorp (NASDAQ:HOPEGet Rating) last released its quarterly earnings data on Monday, January 24th. The financial services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.02. Hope Bancorp had a net margin of 33.53% and a return on equity of 9.85%. The business had revenue of $146.42 million for the quarter, compared to analyst estimates of $141.90 million. During the same quarter last year, the firm earned $0.23 EPS. Hope Bancorp’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts expect Hope Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of HOPE opened at $15.46 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.95. Hope Bancorp has a twelve month low of $12.48 and a twelve month high of $17.68. The firm’s 50 day moving average price is $16.46 and its two-hundred day moving average price is $15.54. The firm has a market cap of $1.86 billion, a P/E ratio of 9.31 and a beta of 1.32.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 17th. Shareholders of record on Thursday, February 3rd were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Wednesday, February 2nd. Hope Bancorp’s payout ratio is currently 33.74%.

HOPE has been the topic of a number of research reports. Zacks Investment Research raised shares of Hope Bancorp from a “hold” rating to a “strong-buy” rating and set a $19.00 price target on the stock in a research note on Monday, January 31st. StockNews.com raised shares of Hope Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, April 5th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Toroso Investments LLC acquired a new stake in shares of Hope Bancorp in the fourth quarter valued at approximately $151,000. Sei Investments Co. raised its holdings in shares of Hope Bancorp by 38.7% in the fourth quarter. Sei Investments Co. now owns 62,534 shares of the financial services provider’s stock valued at $938,000 after purchasing an additional 17,452 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Hope Bancorp in the fourth quarter valued at approximately $1,646,000. Wells Fargo & Company MN raised its holdings in shares of Hope Bancorp by 29.8% in the fourth quarter. Wells Fargo & Company MN now owns 147,319 shares of the financial services provider’s stock valued at $2,167,000 after purchasing an additional 33,816 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in Hope Bancorp by 0.9% during the fourth quarter. California State Teachers Retirement System now owns 166,960 shares of the financial services provider’s stock worth $2,456,000 after buying an additional 1,471 shares during the last quarter. Institutional investors own 83.94% of the company’s stock.

About Hope Bancorp (Get Rating)

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services for small and medium-sized businesses, and individuals in the United States. The company accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts.

Read More

Earnings History for Hope Bancorp (NASDAQ:HOPE)

Receive News & Ratings for Hope Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hope Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.