Brokers Set Expectations for Hope Bancorp FY2025 Earnings

Key Points

• DA Davidson has lowered its FY2025 EPS estimate for Hope Bancorp to $0.91 from $0.92, while the consensus estimate stands at $1.09 per share.
• Zacks Research has upgraded Hope Bancorp from a "strong sell" to a "hold" rating, with one analyst giving it a Buy rating and others a Hold rating, resulting in an average price target of $13.25.
• The recent quarterly earnings report showed that Hope Bancorp missed consensus EPS estimates, posting ($0.22) EPS against an expected $0.21.

Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) - Analysts at DA Davidson lowered their FY2025 EPS estimates for shares of Hope Bancorp in a research report issued to clients and investors on Monday, September 29th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $0.91 per share for the year, down from their prior estimate of $0.92. 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 FY2026 earnings at $1.24 EPS.

Separately, Zacks Research raised shares of Hope Bancorp from a "strong sell" rating to a "hold" rating in a report on Wednesday, September 24th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Hope Bancorp has an average rating of "Hold" and an average price target of $13.25.

Hope Bancorp Trading Down 1.6%

NASDAQ:HOPE opened at $10.71 on Tuesday. 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 stock has a market capitalization of $1.37 billion, a PE ratio of 30.60 and a beta of 0.97. The firm's 50 day moving average is $10.67 and its 200 day moving average is $10.45. Hope Bancorp has a 12 month low of $8.82 and a 12 month high of $14.53.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.43). The company had revenue of $94.58 million during the quarter, compared to the consensus estimate of $133.90 million. Hope Bancorp had a return on equity of 4.45% and a net margin of 4.27%.During the same period last year, the firm posted $0.22 EPS.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HOPE. CKW Financial Group purchased a new position in shares of Hope Bancorp during the 2nd quarter valued at $32,000. Geneos Wealth Management Inc. grew its position in shares of Hope Bancorp by 294.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,428 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 2,558 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Hope Bancorp by 157.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,026 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 3,071 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Hope Bancorp by 29.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,345 shares of the financial services provider's stock valued at $57,000 after purchasing an additional 1,211 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Hope Bancorp by 16.6% during the 1st quarter. KBC Group NV now owns 8,269 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 1,176 shares in the last quarter. 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 Hope Bancorp stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $11.02, for a total value of $38,570.00. Following the completion of the transaction, the executive vice president directly owned 24,241 shares in the company, valued at approximately $267,135.82. The trade was a 12.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 7,102 shares of company stock valued at $76,068. 5.16% of the stock is currently owned by insiders.

Hope Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, August 1st. Hope Bancorp's payout ratio is currently 160.00%.

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.

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