Wall Street brokerages forecast that Hope Bancorp, Inc. (NASDAQ:HOPE) will report earnings of $0.31 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Hope Bancorp’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.32. Hope Bancorp also posted earnings per share of $0.31 in the same quarter last year. The company is expected to report its next quarterly earnings report on Tuesday, January 23rd.

On average, analysts expect that Hope Bancorp will report full-year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.18 to $1.22. For the next year, analysts anticipate that the business will post earnings of $1.32 per share, with EPS estimates ranging from $1.25 to $1.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Hope Bancorp.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.02. Hope Bancorp had a net margin of 26.16% and a return on equity of 8.74%. The company had revenue of $139.51 million for the quarter, compared to the consensus estimate of $137.93 million. During the same quarter last year, the firm posted $0.22 earnings per share.

HOPE has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $17.50 target price on shares of Hope Bancorp in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. ValuEngine downgraded shares of Hope Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. DA Davidson reissued a “buy” rating and issued a $21.00 target price on shares of Hope Bancorp in a research note on Monday, September 18th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Hope Bancorp in a research note on Thursday, November 2nd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $19.58.

Hope Bancorp (HOPE) opened at $18.76 on Friday. Hope Bancorp has a one year low of $17.14 and a one year high of $19.42. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. The company has a market cap of $2,536.53, a price-to-earnings ratio of 15.34, a PEG ratio of 1.56 and a beta of 1.39.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Tuesday, October 31st were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, October 30th. Hope Bancorp’s dividend payout ratio is presently 43.33%.

In related news, Director Steven Koh sold 10,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.95, for a total transaction of $179,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Lee Song sold 3,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $19.25, for a total transaction of $57,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 121,981 shares of company stock worth $2,303,614. Insiders own 5.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in Hope Bancorp by 0.3% during the 2nd quarter. BlackRock Inc. now owns 15,820,716 shares of the financial services provider’s stock valued at $295,054,000 after purchasing an additional 51,366 shares in the last quarter. Vanguard Group Inc. grew its holdings in Hope Bancorp by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 12,011,407 shares of the financial services provider’s stock valued at $224,013,000 after purchasing an additional 145,101 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in Hope Bancorp by 12.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,578,817 shares of the financial services provider’s stock valued at $151,931,000 after purchasing an additional 960,796 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Hope Bancorp by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,801,510 shares of the financial services provider’s stock valued at $138,164,000 after purchasing an additional 303,779 shares in the last quarter. Finally, State Street Corp grew its holdings in Hope Bancorp by 0.9% during the 2nd quarter. State Street Corp now owns 4,811,337 shares of the financial services provider’s stock valued at $89,732,000 after purchasing an additional 43,135 shares in the last quarter. 80.58% of the stock is owned by institutional investors and hedge funds.

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About Hope Bancorp

Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.

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Earnings History and Estimates for Hope Bancorp (NASDAQ:HOPE)

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