Hope Bancorp, Inc. (NASDAQ:HOPE) Declares Dividend of $0.14

Hope Bancorp, Inc. (NASDAQ:HOPE) declared a dividend on Wednesday, July 21st, investing.com reports. Investors of record on Friday, July 30th will be paid a dividend of 0.14 per share by the financial services provider on Friday, August 13th. This represents a yield of 4.34%. The ex-dividend date of this dividend is Thursday, July 29th.

Hope Bancorp has increased its dividend payment by 12.0% over the last three years and has increased its dividend every year for the last 1 years.

Shares of NASDAQ HOPE opened at $13.38 on Thursday. The firm has a market capitalization of $1.65 billion, a PE ratio of 10.24 and a beta of 1.65. The firm’s 50 day moving average price is $14.59. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.97 and a current ratio of 0.97. Hope Bancorp has a 52-week low of $7.03 and a 52-week high of $16.61.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings data on Monday, July 19th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.05. The firm had revenue of $137.65 million during the quarter, compared to analysts’ expectations of $135.16 million. Hope Bancorp had a net margin of 25.44% and a return on equity of 7.63%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.22 earnings per share. On average, analysts forecast that Hope Bancorp will post 1.52 EPS for the current year.

Separately, Zacks Investment Research cut shares of Hope Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, July 6th.

About Hope Bancorp

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

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Dividend History for Hope Bancorp (NASDAQ:HOPE)

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