DA Davidson Decreases Earnings Estimates for Hope Bancorp

Key Points

• DA Davidson has lowered its FY2025 earnings per share (EPS) estimate for Hope Bancorp from $0.98 to $0.92, while the consensus estimate remains at $1.09.
• Hope Bancorp reported a quarterly EPS of ($0.22), significantly missing the consensus estimate of $0.21, with revenue of $94.58 million compared to expectations of $133.90 million.
• The company announced a quarterly dividend of $0.14 per share, with a yield of 5.38% and a payout ratio of 160.00% set for payment on August 15th.

Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) - Equities researchers at DA Davidson cut their FY2025 earnings per share estimates for Hope Bancorp in a research note issued to investors on Wednesday, July 23rd. DA Davidson analyst G. Tenner now anticipates that the financial services provider will post earnings per share of $0.92 for the year, down from their previous estimate of $0.98. 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 $1.27 EPS.

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

Separately, Wall Street Zen raised Hope Bancorp from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

Hope Bancorp Stock Down 0.3%

NASDAQ HOPE traded down $0.04 during trading on Friday, hitting $10.34. The company's stock had a trading volume of 248,371 shares, compared to its average volume of 930,566. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.94 and a quick ratio of 0.96. The company has a market cap of $1.32 billion, a PE ratio of 29.53 and a beta of 0.90. The business's 50 day simple moving average is $10.64 and its 200-day simple moving average is $10.65. Hope Bancorp has a fifty-two week low of $8.82 and a fifty-two week high of $14.53.

Hope Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend is Friday, August 1st. Hope Bancorp's payout ratio is 160.00%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. CKW Financial Group purchased a new position in shares of Hope Bancorp during the 2nd quarter worth $32,000. Yousif Capital Management LLC grew its holdings in shares of Hope Bancorp by 5.0% during the 2nd quarter. Yousif Capital Management LLC now owns 46,978 shares of the financial services provider's stock worth $504,000 after purchasing an additional 2,256 shares during the period. Inspire Investing LLC grew its holdings in shares of Hope Bancorp by 9.8% during the 2nd quarter. Inspire Investing LLC now owns 36,027 shares of the financial services provider's stock worth $387,000 after purchasing an additional 3,209 shares during the period. Maryland State Retirement & Pension System lifted its stake in Hope Bancorp by 4.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 36,926 shares of the financial services provider's stock worth $396,000 after acquiring an additional 1,700 shares in the last quarter. Finally, SummerHaven Investment Management LLC lifted its stake in Hope Bancorp by 2.0% during the 2nd quarter. SummerHaven Investment Management LLC now owns 74,284 shares of the financial services provider's stock worth $797,000 after acquiring an additional 1,448 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

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.