Hope Bancorp (HOPE) to Release Earnings on Tuesday

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Hope Bancorp (NASDAQ:HOPE) will be posting its quarterly earnings results after the market closes on Tuesday, October 16th. Analysts expect Hope Bancorp to post earnings of $0.36 per share for the quarter.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings data on Tuesday, July 17th. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $138.09 million for the quarter, compared to the consensus estimate of $139.60 million. Hope Bancorp had a net margin of 23.76% and a return on equity of 9.68%. During the same quarter in the previous year, the business earned $0.30 EPS. On average, analysts expect Hope Bancorp to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hope Bancorp stock opened at $15.41 on Friday. The company has a market cap of $2.10 billion, a PE ratio of 12.63, a P/E/G ratio of 1.10 and a beta of 1.37. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. Hope Bancorp has a 1 year low of $14.98 and a 1 year high of $19.86.

In related news, EVP David Lee Song sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $17.75, for a total value of $88,750.00. Following the sale, the executive vice president now owns 4,023 shares in the company, valued at $71,408.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Donald Byun sold 40,456 shares of the business’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $17.84, for a total transaction of $721,735.04. Following the completion of the sale, the director now owns 35,170 shares in the company, valued at approximately $627,432.80. The disclosure for this sale can be found here. Insiders own 5.06% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Hope Bancorp from a “sell” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Wednesday, September 19th. Wedbush reiterated a “neutral” rating and set a $18.00 price objective (down previously from $19.00) on shares of Hope Bancorp in a research report on Monday, July 16th. Finally, ValuEngine upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $19.50.

About Hope Bancorp

Hope Bancorp, Inc is a holding company. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card and mortgage loans. The company was founded in February 2002 and is headquartered in Los Angeles, CA.

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Earnings History for Hope Bancorp (NASDAQ:HOPE)

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