Brokerages expect Hope Bancorp, Inc. (NASDAQ:HOPE – Get Rating) to report $146.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hope Bancorp’s earnings, with the lowest sales estimate coming in at $142.30 million and the highest estimate coming in at $150.30 million. Hope Bancorp posted sales of $137.65 million in the same quarter last year, which would suggest a positive year over year growth rate of 6.5%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Hope Bancorp will report full year sales of $602.27 million for the current year, with estimates ranging from $582.30 million to $618.50 million. For the next year, analysts expect that the company will post sales of $671.43 million, with estimates ranging from $636.80 million to $691.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Hope Bancorp.
Hope Bancorp (NASDAQ:HOPE – Get Rating) last posted its quarterly earnings results on Monday, April 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.11. Hope Bancorp had a net margin of 33.53% and a return on equity of 9.85%. The business had revenue of $146.36 million during the quarter, compared to the consensus estimate of $144.13 million. During the same quarter last year, the firm posted $0.35 EPS. Hope Bancorp’s revenue was up 11.4% compared to the same quarter last year.
NASDAQ HOPE opened at $15.52 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a market cap of $1.86 billion, a P/E ratio of 9.35 and a beta of 1.32. The company has a fifty day simple moving average of $16.28 and a 200 day simple moving average of $15.65. Hope Bancorp has a 12-month low of $12.48 and a 12-month high of $17.68.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 12th. Stockholders of record on Thursday, April 28th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Wednesday, April 27th. Hope Bancorp’s dividend payout ratio is presently 33.74%.
Several hedge funds and other institutional investors have recently modified their holdings of HOPE. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Hope Bancorp during the third quarter worth about $41,000. CWM LLC boosted its stake in Hope Bancorp by 152.6% in the first quarter. CWM LLC now owns 2,950 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,782 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Hope Bancorp in the third quarter worth approximately $49,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Hope Bancorp in the first quarter worth approximately $140,000. Finally, MQS Management LLC purchased a new stake in Hope Bancorp in the fourth quarter worth approximately $151,000. 83.94% of the stock is owned by institutional investors.
Hope Bancorp Company Profile (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.
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