Hope Bancorp (HOPE) to Release Earnings on Monday

Hope Bancorp (NASDAQ:HOPE) is set to announce its earnings results before the market opens on Monday, April 29th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). The company had revenue of $135.20 million during the quarter, compared to analysts’ expectations of $138.47 million. Hope Bancorp had a return on equity of 7.03% and a net margin of 12.19%. During the same period in the prior year, the firm earned $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 Stock Performance

NASDAQ:HOPE opened at $10.96 on Friday. Hope Bancorp has a 1-year low of $7.42 and a 1-year high of $12.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. The business has a 50 day moving average of $10.95 and a 200 day moving average of $10.73. 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Thursday, February 8th. Hope Bancorp’s payout ratio is presently 50.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush reduced their target price on shares of 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 shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Four research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $11.33.

About Hope Bancorp

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.