Q1 Earnings Estimate for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Analysts at DA Davidson issued their Q1 2025 earnings per share estimates for Hope Bancorp in a research report issued on Tuesday, January 28th. DA Davidson analyst G. Tenner forecasts that the financial services provider will post earnings per share of $0.17 for the quarter. DA Davidson currently has a “Buy” rating and a $14.50 target price 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 Hope Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 6th.

Hope Bancorp Trading Down 0.3 %

Shares of HOPE stock opened at $11.68 on Thursday. Hope Bancorp has a 52-week low of $9.80 and a 52-week high of $14.53. The company has a 50-day simple moving average of $12.64 and a two-hundred day simple moving average of $12.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 13.90 and a beta of 1.16.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.03. Hope Bancorp had a net margin of 9.81% and a return on equity of 5.52%.

Hope Bancorp Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.56 dividend on an annualized basis and a yield of 4.79%. Hope Bancorp’s dividend payout ratio (DPR) is presently 66.67%.

Insiders Place Their Bets

In other Hope Bancorp news, Director Steven Koh sold 96,620 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $13.33, for a total transaction of $1,287,944.60. Following the completion of the transaction, the director now directly owns 3,167,023 shares of the company’s stock, valued at approximately $42,216,416.59. This represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Angelee Harris sold 3,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.16, for a total value of $42,480.00. Following the completion of the sale, the executive vice president now directly owns 19,795 shares of the company’s stock, valued at $280,297.20. This represents a 13.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 129,224 shares of company stock valued at $1,737,873. Company insiders own 5.29% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP raised its stake in Hope Bancorp by 30.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,553,508 shares of the financial services provider’s stock valued at $57,192,000 after acquiring an additional 1,054,124 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Hope Bancorp by 47.0% in the fourth 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 in the last quarter. Barclays PLC raised its position in shares of Hope Bancorp by 109.9% in the third quarter. Barclays PLC now owns 253,437 shares of the financial services provider’s stock valued at $3,183,000 after purchasing an additional 132,677 shares during the period. State Street Corp lifted its stake in shares of Hope Bancorp by 1.9% during the 3rd quarter. State Street Corp now owns 6,152,656 shares of the financial services provider’s stock valued at $77,277,000 after buying an additional 112,824 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Hope Bancorp by 12.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 893,172 shares of the financial services provider’s stock valued at $11,218,000 after buying an additional 95,570 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

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.