Hope Bancorp (NASDAQ:HOPE) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 16th. Analysts expect the company to announce 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 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Hope Bancorp had a net margin of 23.76% and a return on equity of 9.68%. The business had revenue of $138.09 million during the quarter, compared to analysts’ expectations of $139.60 million. During the same quarter in the previous year, the company posted $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 opened at $16.50 on Tuesday. Hope Bancorp has a one year low of $16.00 and a one year high of $19.86. The stock has a market capitalization of $2.10 billion, a PE ratio of 13.52, a price-to-earnings-growth 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.
In other news, Director Donald Byun sold 40,456 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 35,170 shares of the company’s stock, valued at approximately $627,432.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP David Lee Song sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $17.75, for a total value of $88,750.00. Following the transaction, the executive vice president now directly owns 4,023 shares of the company’s stock, valued at $71,408.25. The disclosure for this sale can be found here. 5.06% of the stock is currently owned by company insiders.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Wednesday, September 19th. ValuEngine cut Hope Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Finally, Wedbush reissued a “neutral” rating and issued a $18.00 target price (down from $19.00) on shares of Hope Bancorp in a research report on Monday, July 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Hope Bancorp has a consensus rating of “Hold” and an average target price 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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