FY2025 EPS Estimates for Hope Bancorp Reduced by DA Davidson

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) - Analysts at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Hope Bancorp in a report issued on Wednesday, July 23rd. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $0.92 per share 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 issued its earnings results on Tuesday, July 22nd. The financial services provider reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.43). Hope Bancorp had a return on equity of 4.45% and a net margin of 4.27%. The firm had revenue of $94.58 million during the quarter, compared to analyst estimates of $133.90 million. During the same period in the previous year, the company earned $0.22 earnings per share.

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

Hope Bancorp Stock Performance

Shares of HOPE stock opened at $10.41 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.94 and a quick ratio of 0.96. Hope Bancorp has a fifty-two week low of $8.82 and a fifty-two week high of $14.53. The stock's 50-day moving average is $10.65 and its two-hundred day moving average is $10.69. The firm has a market cap of $1.33 billion, a P/E ratio of 29.74 and a beta of 0.90.

Institutional Trading of Hope Bancorp

Several hedge funds have recently added to or reduced their stakes in HOPE. Wellington Management Group LLP boosted its stake in Hope Bancorp by 43.4% during the 1st quarter. Wellington Management Group LLP now owns 6,201,937 shares of the financial services provider's stock valued at $64,934,000 after purchasing an additional 1,877,820 shares during the period. Rhino Investment Partners Inc boosted its stake in Hope Bancorp by 55.6% during the 4th quarter. Rhino Investment Partners Inc now owns 1,684,886 shares of the financial services provider's stock valued at $20,707,000 after purchasing an additional 601,876 shares during the period. Invesco Ltd. boosted its stake in Hope Bancorp by 72.8% during the 4th quarter. Invesco Ltd. now owns 1,339,171 shares of the financial services provider's stock valued at $16,458,000 after purchasing an additional 564,014 shares during the period. Nuveen LLC acquired a new position in Hope Bancorp in the 1st quarter valued at approximately $3,451,000. Finally, Norges Bank acquired a new position in Hope Bancorp in the 4th quarter valued at approximately $4,001,000. Institutional investors own 84.00% of the company's stock.

Hope Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.56 annualized dividend and a yield of 5.38%. Hope Bancorp's payout ratio is 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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