Brokers Set Expectations for Hope Bancorp FY2025 Earnings

Hope Bancorp, Inc. (NASDAQ:HOPE) – Research analysts at DA Davidson dropped their FY2025 EPS estimates for Hope Bancorp in a report issued on Monday, September 29th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will post earnings of $0.91 per share for the year, down from their previous estimate of $0.92. The consensus estimate for Hope Bancorp’s current full-year earnings is $1.09 per share. DA Davidson also issued estimates for Hope Bancorp’s FY2026 earnings at $1.24 EPS.

Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.43). Hope Bancorp had a return on equity of 4.45% and a net margin of 4.27%.The company had revenue of $94.58 million during the quarter, compared to analysts’ expectations of $133.90 million. During the same quarter last year, the firm posted $0.22 earnings per share.

Separately, Zacks Research upgraded shares of Hope Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 24th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Hope Bancorp presently has a consensus rating of “Hold” and an average price target of $13.25.

Hope Bancorp Stock Down 1.6%

Shares of NASDAQ:HOPE opened at $10.71 on Tuesday. Hope Bancorp has a 52-week low of $8.82 and a 52-week high of $14.53. The firm has a fifty day moving average of $10.67 and a 200 day moving average of $10.45. The firm has a market capitalization of $1.37 billion, a PE ratio of 30.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 0.94.

Hope Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $0.56 annualized dividend and a yield of 5.2%. Hope Bancorp’s payout ratio is currently 160.00%.

Insiders Place Their Bets

In other Hope Bancorp news, EVP Angelee Harris sold 3,500 shares of the business’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $11.02, for a total value of $38,570.00. Following the completion of the sale, the executive vice president directly owned 24,241 shares of the company’s stock, valued at $267,135.82. The trade was a 12.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 7,102 shares of company stock valued at $76,068 over the last ninety days. Insiders own 5.16% of the company’s stock.

Hedge Funds Weigh In On Hope Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. CKW Financial Group bought a new position in shares of Hope Bancorp during the second quarter valued at about $32,000. Geneos Wealth Management Inc. raised its stake in shares of Hope Bancorp by 294.0% during the first quarter. Geneos Wealth Management Inc. now owns 3,428 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 2,558 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Hope Bancorp by 157.1% during the second quarter. EverSource Wealth Advisors LLC now owns 5,026 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 3,071 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Hope Bancorp by 29.3% during the second quarter. GAMMA Investing LLC now owns 5,345 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 1,211 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Hope Bancorp by 16.6% during the first quarter. KBC Group NV now owns 8,269 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,176 shares during the last quarter. 84.00% of the stock is owned by institutional investors.

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.