Q1 Earnings Forecast for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Equities researchers at DA Davidson issued their Q1 2025 earnings per share estimates for Hope Bancorp in a research report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner forecasts that the financial services provider will earn $0.17 per share for the quarter. DA Davidson has a “Buy” rating and a $14.50 price target on the stock. The consensus estimate for Hope Bancorp’s current full-year earnings is $1.14 per share. DA Davidson also issued estimates for Hope Bancorp’s FY2025 earnings at $1.32 EPS.

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

Other equities research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Piper Sandler cut their target price on shares of Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $12.88.

Hope Bancorp Stock Down 0.9 %

HOPE opened at $11.66 on Thursday. Hope Bancorp has a fifty-two week low of $9.80 and a fifty-two week high of $14.53. 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 stock has a market cap of $1.41 billion, a price-to-earnings ratio of 14.22 and a beta of 1.16. The firm’s fifty day moving average is $12.56 and its 200 day moving average is $12.64.

Institutional Trading of Hope Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOPE. Principal Financial Group Inc. raised its holdings in shares of Hope Bancorp by 4.1% during the fourth quarter. Principal Financial Group Inc. now owns 674,643 shares of the financial services provider’s stock valued at $8,291,000 after acquiring an additional 26,548 shares during the last quarter. Empowered Funds LLC increased its position in Hope Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 431,536 shares of the financial services provider’s stock worth $5,304,000 after purchasing an additional 21,082 shares during the last quarter. EMC Capital Management raised its position in shares of Hope Bancorp by 1,082.6% during the 4th 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 period. KBC Group NV lifted its stake in shares of Hope Bancorp by 36.6% in the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,901 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Hope Bancorp by 31.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider’s stock valued at $44,000 after buying an additional 848 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insiders Place Their Bets

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $11.83, for a total value of $49,508.55. Following the completion of the transaction, the executive vice president now owns 19,267 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Also, 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 value of $42,480.00. Following the sale, the executive vice president now directly owns 19,795 shares of the company’s stock, valued at $280,297.20. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,409 shares of company stock worth $1,787,381. 5.29% of the stock is owned by corporate insiders.

Hope Bancorp Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 4.80%. Hope Bancorp’s dividend payout ratio (DPR) 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.