Hope Bancorp (HOPE) to Release Quarterly Earnings on Monday

Hope Bancorp (NASDAQ:HOPE - Get Free Report) is expected to post its quarterly earnings results before the market opens on Monday, January 27th. Analysts expect Hope Bancorp to post earnings of $0.17 per share and revenue of $119,975.00 billion for the quarter. Investors that wish to register for the company's conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last posted its earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $121.67 million. During the same quarter last year, the firm earned $0.25 EPS. 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 Stock Up 0.8 %

Shares of NASDAQ:HOPE traded up $0.10 during trading on Monday, reaching $12.09. The stock had a trading volume of 495,585 shares, compared to its average volume of 616,380. The firm's 50-day simple moving average is $12.84 and its 200 day simple moving average is $12.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. Hope Bancorp has a one year low of $9.80 and a one year high of $14.53. The company has a market capitalization of $1.46 billion, a P/E ratio of 14.39 and a beta of 1.16.

Hope Bancorp Announces Dividend

The company 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. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 4.63%. Hope Bancorp's payout ratio is 66.67%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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

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.