Hope Bancorp (HOPE) Projected to Post Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) is projected to issue its quarterly earnings data before the market opens on Monday, January 27th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $119,975.00 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share 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 business had revenue of $246.92 million during the quarter, compared to analysts’ expectations of $121.67 million. During the same period last year, the business posted $0.25 earnings per share. 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 Performance

Shares of NASDAQ:HOPE opened at $12.12 on Friday. The firm has a fifty day simple moving average of $12.72 and a two-hundred day simple moving average of $12.63. Hope Bancorp has a 52 week low of $9.80 and a 52 week high of $14.53. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $1.46 billion, a P/E ratio of 14.43 and a beta of 1.16.

Hope Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders 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 4.62%. Hope Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Insider Transactions at Hope Bancorp

In other news, EVP Angelee Harris sold 3,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 19,795 shares in the company, valued at approximately $280,297.20. This represents a 13.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Steven Koh sold 96,620 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $13.33, for a total transaction of $1,287,944.60. Following the transaction, the director now owns 3,167,023 shares in the company, valued at approximately $42,216,416.59. This trade represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,224 shares of company stock worth $1,737,873. Insiders own 5.29% of the company’s stock.

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.