Q1 Earnings Estimate for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) - Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Hope Bancorp in a note issued to investors on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates that the financial services provider will post earnings of $0.17 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 $1.32 EPS.

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

HOPE has been the topic of several other reports. Piper Sandler lowered their target price on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday. StockNews.com raised Hope Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Hope Bancorp currently has a consensus rating of "Hold" and a consensus price target of $12.88.

Hope Bancorp Stock Performance

Shares of HOPE stock traded down $0.24 during mid-day trading on Thursday, reaching $11.42. 973,517 shares of the company's stock traded hands, compared to its average volume of 775,674. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market capitalization of $1.38 billion, a PE ratio of 13.93 and a beta of 1.15. Hope Bancorp has a 12 month low of $9.80 and a 12 month high of $14.53. The firm has a 50 day moving average price of $12.56 and a two-hundred day moving average price of $12.63.

Hedge Funds Weigh In On Hope Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ieq Capital LLC bought a new stake in Hope Bancorp in the 4th quarter valued at $371,000. Principal Financial Group Inc. increased its holdings in shares of Hope Bancorp by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 674,643 shares of the financial services provider's stock worth $8,291,000 after purchasing an additional 26,548 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Hope Bancorp by 5.1% in the fourth quarter. Empowered Funds LLC now owns 431,536 shares of the financial services provider's stock worth $5,304,000 after buying an additional 21,082 shares in the last quarter. EMC Capital Management boosted its stake in Hope Bancorp by 1,082.6% during the fourth quarter. EMC Capital Management now owns 29,566 shares of the financial services provider's stock valued at $363,000 after buying an additional 27,066 shares during the last quarter. Finally, KBC Group NV grew its holdings in Hope Bancorp by 36.6% during the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider's stock valued at $87,000 after buying an additional 1,901 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

Insider Buying and Selling at Hope Bancorp

In related news, EVP Thomas Stenger sold 4,185 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $11.83, for a total transaction of $49,508.55. Following the completion of the sale, the executive vice president now owns 19,267 shares in the company, 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 this hyperlink. Also, EVP Angelee Harris sold 3,000 shares of Hope Bancorp 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 sale, the executive vice president now directly owns 19,795 shares in the company, valued at $280,297.20. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,409 shares of company stock valued at $1,787,381 over the last ninety days. 5.29% of the stock is currently owned by company insiders.

Hope Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th will be paid a $0.14 dividend. The ex-dividend date is Thursday, February 6th. This represents a $0.56 dividend on an annualized basis and a yield of 4.90%. Hope Bancorp's payout ratio is presently 68.29%.

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.