FY2025 EPS Estimates for Hope Bancorp Reduced by DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Investment analysts at DA Davidson dropped their FY2025 EPS estimates for Hope Bancorp in a report released on Wednesday, October 29th. DA Davidson analyst G. Tenner now expects that the financial services provider will earn $0.87 per share for the year, down from their prior estimate of $0.91. 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 Q4 2025 earnings at $0.27 EPS and FY2026 earnings at $1.20 EPS.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings results on Tuesday, October 28th. The financial services provider reported $0.25 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $142.03 million during the quarter, compared to analysts’ expectations of $138.87 million. Hope Bancorp had a return on equity of 4.70% and a net margin of 4.89%.During the same quarter in the previous year, the firm earned $0.21 EPS.

Several other analysts have also recently issued reports on HOPE. Zacks Research raised Hope Bancorp from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 24th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hope Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $13.25.

Hope Bancorp Price Performance

NASDAQ:HOPE opened at $10.52 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.35 billion, a P/E ratio of 26.98 and a beta of 0.92. Hope Bancorp has a 12 month low of $8.82 and a 12 month high of $14.53. The business’s 50-day moving average is $10.86 and its 200 day moving average is $10.55.

Institutional Investors Weigh In On Hope Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the business. CKW Financial Group purchased a new stake in Hope Bancorp in the second quarter worth $32,000. Geneos Wealth Management Inc. increased its stake in Hope Bancorp by 294.0% in the first quarter. Geneos Wealth Management Inc. now owns 3,428 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 2,558 shares during the period. Versant Capital Management Inc increased its stake in Hope Bancorp by 61.0% in the 3rd quarter. Versant Capital Management Inc now owns 3,968 shares of the financial services provider’s stock worth $43,000 after buying an additional 1,503 shares during the period. EverSource Wealth Advisors LLC increased its stake in Hope Bancorp by 157.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,026 shares of the financial services provider’s stock worth $54,000 after buying an additional 3,071 shares during the period. Finally, GAMMA Investing LLC increased its stake in Hope Bancorp by 29.3% in the 2nd quarter. GAMMA Investing LLC now owns 5,345 shares of the financial services provider’s stock worth $57,000 after buying an additional 1,211 shares during the period. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Angelee Harris sold 3,500 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $11.02, for a total value of $38,570.00. Following the sale, the executive vice president directly owned 24,241 shares of the company’s stock, valued at $267,135.82. This represents a 12.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 7,102 shares of company stock valued at $76,068. Corporate insiders own 5.16% of the company’s stock.

Hope Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 7th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Friday, November 7th. Hope Bancorp’s dividend payout ratio is 143.59%.

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.