Hope Bancorp (HOPE) Scheduled to Post Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) will be issuing its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The business had revenue of $135.20 million for the quarter, compared to the consensus estimate of $138.47 million. Hope Bancorp had a net margin of 12.19% and a return on equity of 7.03%. During the same quarter last year, the firm posted $0.43 EPS. On average, analysts expect Hope Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hope Bancorp Stock Performance

Shares of HOPE stock opened at $10.72 on Monday. Hope Bancorp has a 12 month low of $7.42 and a 12 month high of $12.51. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.29 billion, a PE ratio of 9.57 and a beta of 1.13. The firm has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $10.67.

Hope Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.56 annualized dividend and a dividend yield of 5.22%. Hope Bancorp’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HOPE. StockNews.com upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Wedbush reduced their target price on shares of Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $11.33.

Hedge Funds Weigh In On Hope Bancorp

Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in Hope Bancorp by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 137,695 shares of the financial services provider’s stock valued at $1,906,000 after buying an additional 830 shares during the period. Captrust Financial Advisors grew its position in Hope Bancorp by 6.6% during the second quarter. Captrust Financial Advisors now owns 18,129 shares of the financial services provider’s stock valued at $251,000 after buying an additional 1,127 shares during the period. Toroso Investments LLC grew its position in Hope Bancorp by 12.5% during the first quarter. Toroso Investments LLC now owns 11,543 shares of the financial services provider’s stock valued at $186,000 after buying an additional 1,278 shares during the period. Advisor Group Holdings Inc. grew its position in Hope Bancorp by 51.3% during the first quarter. Advisor Group Holdings Inc. now owns 3,873 shares of the financial services provider’s stock valued at $63,000 after buying an additional 1,313 shares during the period. Finally, Royal Bank of Canada grew its position in Hope Bancorp by 67.9% during the third quarter. Royal Bank of Canada now owns 4,092 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,655 shares during the period. Institutional investors own 84.00% of the company’s stock.

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.