Q2 Earnings Estimate for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) - Analysts at DA Davidson issued their Q2 2025 EPS estimates for Hope Bancorp in a research report issued to clients and investors on Thursday, April 24th. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings of $0.21 per share for the quarter. DA Davidson currently has a "Buy" rating and a $14.50 price objective on the stock. 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 FY2025 earnings at $0.91 EPS and FY2026 earnings at $1.27 EPS.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%. The firm had revenue of $217.17 million for the quarter, compared to the consensus estimate of $114.97 million. During the same period in the previous year, the company earned $0.23 earnings per share.

Other equities analysts also recently issued reports about the stock. StockNews.com downgraded shares of Hope Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday, April 24th. Piper Sandler decreased their target price on shares of Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.88.

Hope Bancorp Stock Performance

Shares of NASDAQ:HOPE traded down $0.16 on Friday, hitting $9.99. The company had a trading volume of 193,000 shares, compared to its average volume of 816,743. Hope Bancorp has a 1-year low of $8.83 and a 1-year high of $14.54. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 12.18 and a beta of 0.96. The stock has a 50 day moving average price of $10.15 and a 200 day moving average price of $11.73. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Hedge Funds Weigh In On Hope Bancorp

A number of hedge funds have recently bought and sold shares of HOPE. Barclays PLC raised its stake in Hope Bancorp by 109.9% during the third quarter. Barclays PLC now owns 253,437 shares of the financial services provider's stock worth $3,183,000 after buying an additional 132,677 shares during the last quarter. Geode Capital Management LLC grew its holdings in Hope Bancorp by 1.7% in the third quarter. Geode Capital Management LLC now owns 2,842,056 shares of the financial services provider's stock worth $35,703,000 after purchasing an additional 48,237 shares during the period. Franklin Resources Inc. grew its holdings in Hope Bancorp by 4.7% in the third quarter. Franklin Resources Inc. now owns 209,884 shares of the financial services provider's stock worth $2,722,000 after purchasing an additional 9,499 shares during the period. Principal Financial Group Inc. grew its holdings in Hope Bancorp by 9.0% in the third quarter. Principal Financial Group Inc. now owns 648,095 shares of the financial services provider's stock worth $8,140,000 after purchasing an additional 53,587 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Hope Bancorp by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 893,172 shares of the financial services provider's stock worth $11,218,000 after purchasing an additional 95,570 shares during the period. Institutional investors own 84.00% of the company's stock.

Insider Activity

In other news, EVP Thomas Stenger sold 4,185 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $11.83, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.16% of the company's stock.

Hope Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.61%. The ex-dividend date of this dividend is Friday, May 2nd. Hope Bancorp's payout ratio is currently 71.79%.

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.