Q1 Earnings Estimate for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) - Research analysts at DA Davidson upped their Q1 2025 earnings per share estimates for shares of Hope Bancorp in a research note issued on Wednesday, April 2nd. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.19 per share for the quarter, up from their previous estimate of $0.17. DA Davidson currently has a "Buy" rating and a $14.50 target price 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 $0.92 EPS and FY2026 earnings at $1.29 EPS.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its quarterly earnings data 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%.

Separately, Piper Sandler cut their price objective on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $12.88.

Hope Bancorp Stock Performance

Hope Bancorp stock traded up $0.03 during midday trading on Thursday, reaching $9.34. 383,456 shares of the company's stock were exchanged, compared to its average volume of 767,674. The stock's 50-day simple moving average is $10.84 and its 200 day simple moving average is $12.08. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 11.36 and a beta of 0.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.97. Hope Bancorp has a 52 week low of $8.90 and a 52 week high of $14.54.

Institutional Trading of Hope Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of Hope Bancorp by 66.8% in the third quarter. Jane Street Group LLC now owns 170,936 shares of the financial services provider's stock valued at $2,147,000 after acquiring an additional 68,460 shares during the period. JPMorgan Chase & Co. raised its stake in Hope Bancorp by 12.0% in the 3rd 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 in the last quarter. Assenagon Asset Management S.A. raised its stake in Hope Bancorp by 47.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,055,151 shares of the financial services provider's stock worth $12,968,000 after purchasing an additional 337,599 shares in the last quarter. Barclays PLC boosted its holdings in Hope Bancorp by 109.9% in the 3rd quarter. Barclays PLC now owns 253,437 shares of the financial services provider's stock valued at $3,183,000 after purchasing an additional 132,677 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Hope Bancorp by 1.7% during the 3rd 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 in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Thomas Stenger sold 4,185 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $11.83, for a total transaction of $49,508.55. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.29% of the company's stock.

Hope Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.14 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.56 annualized dividend and a yield of 6.00%. Hope Bancorp's dividend payout ratio is currently 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.