Hope Bancorp (NASDAQ:HOPE) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Hope Bancorp (NASDAQ:HOPE) released its quarterly earnings data on Monday. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.02), MarketWatch Earnings reports. Hope Bancorp had a return on equity of 6.21% and a net margin of 18.62%. During the same quarter in the previous year, the firm earned $0.34 EPS.

Shares of NASDAQ HOPE traded down $0.72 on Wednesday, hitting $11.40. The company’s stock had a trading volume of 907,938 shares, compared to its average volume of 723,553. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.88 and a beta of 1.66. The stock has a 50 day moving average of $11.37 and a 200-day moving average of $9.27. Hope Bancorp has a 12-month low of $7.03 and a 12-month high of $14.61.

A number of research analysts have commented on HOPE shares. TheStreet upgraded shares of Hope Bancorp from a “c+” rating to a “b-” rating in a research note on Tuesday, December 8th. Piper Sandler decreased their price objective on shares of Hope Bancorp from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, October 1st. Finally, Zacks Investment Research downgraded shares of Hope Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, December 24th.

Hope Bancorp Company Profile

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.

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Earnings History for Hope Bancorp (NASDAQ:HOPE)

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