Hope Bancorp, Inc. to Issue Quarterly Dividend of $0.14 (NASDAQ:HOPE)

Key Points

• Declared quarterly dividend of $0.14 per share, payable May 22 to shareholders of record on May 8, implying an annualized payout of $0.56 and a yield of about 4.3%.
• Dividend coverage appears healthy with a current payout ratio of 45.5% and analysts forecasting $1.49 EPS next year, which would lower the expected payout ratio to about 37.6%.
• Q1 results showed a modest EPS beat ($0.23 vs. $0.22) and revenue up ~21% YoY to $141.02M, though revenue slightly missed the $145.33M consensus; ROE was 5.09% with a net margin of 5.81%.

Hope Bancorp, Inc. (NASDAQ:HOPE - Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.14 per share by the financial services provider on Friday, May 22nd. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, May 8th.

Hope Bancorp has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hope Bancorp to earn $1.49 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 37.6%.

Hope Bancorp Price Performance

NASDAQ HOPE traded up $0.26 during trading on Tuesday, hitting $12.91. 1,828,198 shares of the company's stock were exchanged, compared to its average volume of 960,116. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.65 billion, a PE ratio of 28.07 and a beta of 0.80. Hope Bancorp has a fifty-two week low of $9.44 and a fifty-two week high of $13.02. The stock's 50 day moving average price is $11.62 and its two-hundred day moving average price is $11.32.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last issued its earnings results on Tuesday, April 28th. The financial services provider reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. The firm had revenue of $141.02 million during the quarter, compared to the consensus estimate of $145.33 million. Hope Bancorp had a return on equity of 5.09% and a net margin of 5.81%.The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Research analysts expect that Hope Bancorp will post 1.13 EPS for the current year.

Key Stories Impacting Hope Bancorp

Here are the key news stories impacting Hope Bancorp this week:

• Positive Sentiment: Q1 EPS beat — Hope reported $0.23 EPS vs. the Zacks/Street consensus of $0.22, and EPS rose from $0.17 a year earlier, which likely supported the stock. Hope Bancorp (HOPE) Q1 Earnings Surpass Estimates
• Positive Sentiment: Revenue and growth metrics improved year-over-year — quarterly revenue rose ~21% YoY to $141.02M, showing underlying business growth that investors reward even as absolute dollars missed the quarter’s consensus. MarketBeat Q1 Results & Materials
• Neutral Sentiment: Conference call / transcript available — management commentary (slide deck and call) is posted and will be watched for guidance, loan/deposit trends and asset-quality commentary that could influence near-term sentiment. Earnings Call Transcript (Seeking Alpha)
• Neutral Sentiment: Supplementary materials posted — press release and slide deck were published with the results (useful for digging into NII, fees, provisioning and expense trends). Press Release / Slide Deck
• Negative Sentiment: Top-line missed consensus — revenue of $141.02M fell short of the $145.33M estimate, which could cap upside until revenue trends and margins prove durable; ROE (5.09%) and net margin (5.81%) remain modest. Hope Bancorp misses Q1 sales expectations (MSN)

Hope Bancorp Company Profile

Hope Bancorp, Inc operates as the bank holding company for Hope Bank, a California-chartered financial institution serving small and middle-market businesses, professionals and affluent individuals. The company's principal activities include accepting a variety of deposit products—such as checking accounts, savings and money market accounts, and time deposits—and extending commercial credit facilities. With a focus on community banking, Hope Bancorp tailors its offerings to meet the needs of clients in diverse industries, including real estate, professional services and import/export trade.

In its lending business, Hope Bancorp provides commercial real estate loans, construction financing, working capital lines of credit and equipment financing.

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