Q1 Earnings Forecast for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Research analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Hope Bancorp in a research report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates 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 $0.85 per share. DA Davidson also issued estimates for Hope Bancorp’s FY2025 earnings at $1.32 EPS.

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

Hope Bancorp Price Performance

HOPE stock opened at $11.68 on Thursday. The company’s 50-day moving average price is $12.64 and its two-hundred day moving average price is $12.64. Hope Bancorp has a 12 month low of $9.80 and a 12 month 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 firm has a market cap of $1.41 billion, a P/E ratio of 13.90 and a beta of 1.16.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly 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 5.52% and a net margin of 9.81%.

Institutional Trading of Hope Bancorp

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC lifted its holdings in Hope Bancorp by 66.8% during the 3rd quarter. Jane Street Group LLC now owns 170,936 shares of the financial services provider’s stock worth $2,147,000 after buying an additional 68,460 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hope Bancorp by 9.0% in the third quarter. Principal Financial Group Inc. now owns 648,095 shares of the financial services provider’s stock worth $8,140,000 after acquiring an additional 53,587 shares during the period. JPMorgan Chase & Co. increased its position in Hope Bancorp by 12.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 893,172 shares of the financial services provider’s stock valued at $11,218,000 after purchasing an additional 95,570 shares during the period. Assenagon Asset Management S.A. raised its holdings in Hope Bancorp by 47.0% during 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 during the last quarter. Finally, Barclays PLC lifted its position in shares of Hope Bancorp by 109.9% in the 3rd quarter. Barclays PLC now owns 253,437 shares of the financial services provider’s stock worth $3,183,000 after purchasing an additional 132,677 shares during the period. Institutional investors own 84.00% of the company’s stock.

Insider Buying and Selling

In related news, Director Steven Koh sold 96,620 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $13.33, for a total value of $1,287,944.60. Following the completion of the transaction, the director now owns 3,167,023 shares in the company, valued at $42,216,416.59. This trade represents a 2.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Angelee Harris sold 3,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 19,795 shares in the company, valued at $280,297.20. The trade was a 13.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 129,224 shares of company stock worth $1,737,873 in the last three months. 5.29% of the stock is owned by corporate insiders.

Hope Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Thursday, February 6th. Hope Bancorp’s dividend payout ratio (DPR) is presently 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.