Hope Bancorp (HOPE) to Release Quarterly Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) will be issuing its quarterly earnings data before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.03). Hope Bancorp had a net margin of 12.19% and a return on equity of 7.03%. The firm had revenue of $135.20 million during the quarter, compared to analyst estimates of $138.47 million. During the same period in the previous year, the company posted $0.43 EPS. On average, analysts expect Hope Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Hope Bancorp Price Performance

Hope Bancorp stock opened at $10.96 on Friday. Hope Bancorp has a 12 month low of $7.42 and a 12 month high of $12.51. The stock’s 50 day moving average is $10.95 and its 200-day moving average is $10.72. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.79 and a beta of 1.13.

Hope Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.11%. The ex-dividend date was Thursday, February 8th. Hope Bancorp’s payout ratio is 50.00%.

Wall Street Analyst Weigh In

HOPE has been the topic of several research reports. Wedbush decreased their target price on Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 31st. StockNews.com raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.33.

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.