Hope Bancorp (NASDAQ:HOPE – Get Free Report) issued its quarterly earnings results on Monday. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01), Briefing.com reports. Hope Bancorp had a net margin of 10.02% and a return on equity of 5.85%. The firm had revenue of $246.92 million for the quarter, compared to the consensus estimate of $121.67 million. During the same quarter in the prior year, the firm earned $0.25 earnings per share.
Hope Bancorp Price Performance
Hope Bancorp stock opened at $12.47 on Wednesday. The business’s fifty day moving average is $12.58 and its two-hundred day moving average is $11.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.95 and a current ratio of 0.96. Hope Bancorp has a 52 week low of $8.51 and a 52 week high of $13.59. The firm has a market cap of $1.51 billion, a P/E ratio of 14.01 and a beta of 1.13.
Hope Bancorp Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th will be given a $0.14 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 4.49%. Hope Bancorp’s payout ratio is 62.92%.
Insider Activity at Hope Bancorp
Analyst Upgrades and Downgrades
HOPE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods increased their price objective on Hope Bancorp from $12.00 to $14.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. StockNews.com lowered shares of Hope Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday.
View Our Latest Analysis on Hope Bancorp
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.
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