Wall Street analysts predict that Hope Bancorp Inc (NASDAQ:HOPE) will post earnings per share of $0.31 for the current quarter, Zacks reports. Four analysts have provided estimates for Hope Bancorp’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.32. Hope Bancorp also reported earnings per share of $0.31 during the same quarter last year. The firm is expected to report its next earnings report after the market closes on Tuesday, January 30th.

According to Zacks, analysts expect that Hope Bancorp will report full year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.22. For the next financial year, analysts forecast that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.32 to $1.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Hope Bancorp.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. Hope Bancorp had a net margin of 26.16% and a return on equity of 8.74%. The firm had revenue of $139.51 million for the quarter, compared to analyst estimates of $137.93 million. During the same quarter in the previous year, the business posted $0.22 EPS.

HOPE has been the topic of a number of recent analyst reports. FIG Partners lowered shares of Hope Bancorp from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $20.00 to $17.00 in a report on Friday, September 15th. DA Davidson reiterated a “buy” rating and issued a $21.00 price objective on shares of Hope Bancorp in a report on Monday, September 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $17.50 price objective on shares of Hope Bancorp in a report on Tuesday, October 3rd. ValuEngine raised shares of Hope Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $19.58.

In other news, EVP Jason K. Kim sold 3,669 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $18.25, for a total value of $66,959.25. Following the completion of the sale, the executive vice president now owns 67,060 shares of the company’s stock, valued at approximately $1,223,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Lee Song sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was 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. Insiders sold a total of 121,981 shares of company stock valued at $2,303,614 in the last three months. Insiders own 5.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its position in shares of Hope Bancorp by 4.4% during the 3rd quarter. California Public Employees Retirement System now owns 400,906 shares of the financial services provider’s stock valued at $7,100,000 after buying an additional 16,776 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Hope Bancorp during the 3rd quarter valued at about $102,000. Maltese Capital Management LLC grew its position in shares of Hope Bancorp by 12.6% during the 3rd quarter. Maltese Capital Management LLC now owns 152,000 shares of the financial services provider’s stock valued at $2,692,000 after buying an additional 17,000 shares during the last quarter. NWQ Investment Management Company LLC grew its position in shares of Hope Bancorp by 11.0% during the 3rd quarter. NWQ Investment Management Company LLC now owns 1,677,664 shares of the financial services provider’s stock valued at $29,711,000 after buying an additional 165,755 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Hope Bancorp during the 3rd quarter valued at about $192,000. 80.56% of the stock is owned by institutional investors and hedge funds.

Hope Bancorp (NASDAQ:HOPE) opened at $18.18 on Friday. Hope Bancorp has a 1-year low of $15.10 and a 1-year high of $22.99. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $2,470.00, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.34 and a beta of 1.39.

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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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