FY2025 EPS Estimates for Hope Bancorp Cut by DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Analysts at DA Davidson cut their FY2025 earnings per share (EPS) estimates for Hope Bancorp in a research note issued on Thursday, December 19th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $1.24 per share for the year, down from their prior forecast of $1.25. The consensus estimate for Hope Bancorp’s current full-year earnings is $0.85 per share.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $246.92 million for the quarter, compared to the consensus estimate of $121.67 million. Hope Bancorp had a return on equity of 5.52% and a net margin of 9.81%. During the same period in the previous year, the company posted $0.25 earnings per share.

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

Hope Bancorp Price Performance

Shares of NASDAQ HOPE opened at $12.37 on Friday. The company has a fifty day moving average price of $13.21 and a 200 day moving average price of $12.28. The firm has a market cap of $1.49 billion, a PE ratio of 14.73 and a beta of 1.15. 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 1-year low of $9.80 and a 1-year high of $14.53.

Institutional Investors Weigh In On Hope Bancorp

A number of institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP raised its position in shares of Hope Bancorp by 8.5% in the third quarter. Quantinno Capital Management LP now owns 11,729 shares of the financial services provider’s stock valued at $147,000 after buying an additional 919 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Hope Bancorp by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 60,700 shares of the financial services provider’s stock worth $652,000 after buying an additional 1,200 shares in the last quarter. CWM LLC boosted its position in shares of Hope Bancorp by 15.7% during the 3rd quarter. CWM LLC now owns 9,109 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 1,238 shares in the last quarter. Inspire Investing LLC increased its stake in Hope Bancorp by 4.5% in the second quarter. Inspire Investing LLC now owns 32,603 shares of the financial services provider’s stock valued at $350,000 after acquiring an additional 1,413 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Hope Bancorp by 2.7% during the second quarter. The Manufacturers Life Insurance Company now owns 60,099 shares of the financial services provider’s stock worth $645,000 after purchasing an additional 1,597 shares during the last quarter. Institutional investors own 84.00% of the company’s stock.

Insider Transactions at Hope Bancorp

In other news, Director Steven Koh sold 96,620 shares of the firm’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 completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Angelee Harris sold 3,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were 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 disclosure for this sale can be found here. Insiders have sold a total of 129,224 shares of company stock worth $1,737,873 in the last 90 days. Corporate 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, November 21st. Shareholders of record on Thursday, November 7th were paid a $0.14 dividend. 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 4.53%. Hope Bancorp’s dividend payout ratio is 66.67%.

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.