Hope Bancorp (HOPE) Expected to Announce Earnings on Tuesday

Hope Bancorp (NASDAQ:HOPE - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 22nd. Analysts expect the company to announce earnings of $0.18 per share and revenue of $114.97 million for the quarter.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%. 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 Trading Up 1.8 %

Shares of HOPE traded up $0.17 during mid-day trading on Tuesday, reaching $9.73. The stock had a trading volume of 2,470,581 shares, compared to its average volume of 805,627. Hope Bancorp has a 52-week low of $8.83 and a 52-week high of $14.54. The firm has a market cap of $1.18 billion, a price-to-earnings ratio of 11.87 and a beta of 0.96. The business's fifty day moving average is $10.27 and its 200 day moving average is $11.81. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.96.

Hope Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Thursday, February 6th. Hope Bancorp's payout ratio is presently 68.29%.

Insider Activity

In other news, EVP Thomas Stenger sold 4,185 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $11.83, for a total value of $49,508.55. Following the completion of the transaction, the executive vice president now owns 19,267 shares of the company's stock, valued at approximately $227,928.61. This trade represents a 17.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. DA Davidson cut their target price on Hope Bancorp from $15.50 to $14.50 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Piper Sandler cut their price objective on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.88.

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.