Q1 Earnings Forecast for Hope Bancorp Issued By DA Davidson

Hope Bancorp, Inc. (NASDAQ:HOPE) – Stock analysts at DA Davidson issued their Q1 2025 EPS estimates for Hope Bancorp in a research report issued to clients and investors on Tuesday, January 28th. DA Davidson analyst G. Tenner anticipates that the financial services provider will earn $0.17 per share for the quarter. DA Davidson has a “Buy” rating and a $14.50 price target 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.

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

Several other research firms have also issued reports on HOPE. StockNews.com raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Piper Sandler lowered 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 Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $12.88.

Hope Bancorp Stock Performance

NASDAQ:HOPE opened at $11.76 on Thursday. Hope Bancorp has a twelve month low of $9.80 and a twelve month high of $14.53. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 14.00 and a beta of 1.16. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $12.60 and its 200 day simple moving average is $12.64.

Institutional Investors Weigh In On Hope Bancorp

A number of large investors have recently added to or reduced their stakes in HOPE. MassMutual Private Wealth & Trust FSB increased its position in Hope Bancorp by 31.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 848 shares in the last quarter. nVerses Capital LLC acquired a new stake in Hope Bancorp during the 3rd quarter worth approximately $48,000. Quantbot Technologies LP bought a new stake in Hope Bancorp during the 3rd quarter worth approximately $58,000. KBC Group NV lifted its holdings in shares of Hope Bancorp by 36.6% during the fourth quarter. KBC Group NV now owns 7,093 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,901 shares during the period. Finally, CWM LLC grew its stake in shares of Hope Bancorp by 15.7% in the third quarter. CWM LLC now owns 9,109 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 1,238 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Activity at Hope Bancorp

In other Hope Bancorp news, Director Steven Koh sold 96,620 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 3,167,023 shares in the company, valued at approximately $42,216,416.59. This trade represents a 2.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Angelee Harris sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 19,795 shares of the company’s stock, valued at approximately $280,297.20. This trade represents a 13.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 129,224 shares of company stock worth $1,737,873 in the last ninety days. 5.29% of the stock is currently owned by insiders.

Hope Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a $0.56 annualized dividend and a dividend yield of 4.76%. Hope Bancorp’s payout ratio is 66.67%.

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.