Hope Bancorp FY2025 EPS Forecast Decreased by DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) - Stock analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Hope Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now expects that the financial services provider will post earnings of $1.24 per share for the year, down from their prior forecast of $1.25. The consensus estimate for Hope Bancorp's current full-year earnings is $0.85 per share.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.01). Hope Bancorp had a net margin of 9.81% and a return on equity of 5.52%. The company had revenue of $246.92 million for the quarter, compared to the consensus estimate of $121.67 million. During the same quarter in the previous year, the firm posted $0.25 earnings per share.

Separately, StockNews.com raised shares of Hope Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, December 6th.

Hope Bancorp Price Performance

HOPE stock traded up $0.29 during mid-day trading on Friday, reaching $12.37. 2,571,988 shares of the company traded hands, compared to its average volume of 727,080. Hope Bancorp has a 52-week low of $9.80 and a 52-week high of $14.53. The company has a market capitalization of $1.49 billion, a P/E ratio of 14.73 and a beta of 1.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96. The company has a fifty day moving average price of $13.21 and a 200-day moving average price of $12.28.

Hedge Funds Weigh In On Hope Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC bought a new stake in Hope Bancorp in the 3rd quarter worth approximately $48,000. Fifth Third Bancorp lifted its holdings in shares of Hope Bancorp by 149.5% in the 2nd quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider's stock worth $57,000 after acquiring an additional 3,163 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Hope Bancorp in the 3rd quarter valued at $58,000. Choreo LLC bought a new position in shares of Hope Bancorp during the 2nd quarter valued at $108,000. Finally, AE Wealth Management LLC purchased a new position in Hope Bancorp in the 2nd quarter worth $112,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hope Bancorp news, EVP Angelee Harris sold 3,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.16, for a total value of $42,480.00. Following the completion of the transaction, the executive vice president now owns 19,795 shares of the company's stock, valued at $280,297.20. The trade was a 13.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Steven Koh sold 96,620 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $13.33, for a total transaction of $1,287,944.60. Following the completion of the transaction, the director now directly owns 3,167,023 shares in the company, valued at $42,216,416.59. The trade was a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,224 shares of company stock worth $1,737,873 over the last ninety days. 5.29% of the stock is owned by corporate insiders.

Hope Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.53%. The ex-dividend date was Thursday, November 7th. Hope Bancorp's payout ratio is 66.67%.

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.