Hope Bancorp (NASDAQ:HOPE) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 17th. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Hope Bancorp had a net margin of 21.96% and a return on equity of 8.71%. The company had revenue of $142.84 million for the quarter, compared to the consensus estimate of $139.26 million. During the same period in the previous year, the firm earned $0.31 EPS. Hope Bancorp’s revenue was up 2.4% on a year-over-year basis. On average, analysts expect Hope Bancorp to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
HOPE stock opened at $17.80 on Tuesday. Hope Bancorp has a 52 week low of $17.14 and a 52 week high of $19.86. The stock has a market cap of $2,427.24, a price-to-earnings ratio of 14.68, a P/E/G ratio of 1.14 and a beta of 1.32. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.06 and a current ratio of 1.06.
In related news, EVP Jason K. Kim sold 10,518 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $18.83, for a total value of $198,053.94. Following the sale, the executive vice president now directly owns 42,964 shares in the company, valued at approximately $809,012.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason K. Kim sold 10,406 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $18.29, for a total transaction of $190,325.74. Following the completion of the sale, the executive vice president now owns 42,964 shares in the company, valued at $785,811.56. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.
A number of analysts have commented on HOPE shares. Piper Jaffray restated a “hold” rating and set a $22.00 price target on shares of Hope Bancorp in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Hope Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, Zacks Investment Research downgraded shares of Hope Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $19.92.
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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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