Hope Bancorp, Inc. (HOPE) To Go Ex-Dividend on November 6th

Hope Bancorp, Inc. (NASDAQ:HOPE) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Saturday, November 7th will be given a dividend of $0.14 per share by the financial services provider on Friday, November 20th. This represents a $0.56 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, November 6th.

Hope Bancorp has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hope Bancorp to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 35.0%.

Hope Bancorp Trading Down 2.2%

Shares of HOPE stock opened at $13.58 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.96 and a debt-to-equity ratio of 0.22. Hope Bancorp has a fifty-two week low of $9.80 and a fifty-two week high of $14.59. The firm’s 50 day moving average price is $13.75 and its two-hundred day moving average price is $12.81. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 13.06 and a beta of 0.87.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Hope Bancorp had a net margin of 12.90% and a return on equity of 5.97%. The company had revenue of $157.48 million during the quarter, compared to analyst estimates of $151.34 million. During the same period last year, the business earned $0.25 EPS. On average, analysts anticipate that Hope Bancorp will post 1.14 EPS for the current year.

Hope Bancorp Company Profile

Hope Bancorp, Inc is the holding company for Bank of Hope, a full-service commercial bank headquartered in Los Angeles, California. The bank serves businesses, individuals and communities throughout the United States, with a particular focus on Korean American and other multicultural markets.

Bank of Hope offers a range of banking products and services, including business and consumer deposit accounts, commercial and industrial lending, commercial real estate financing, small business loans, residential mortgage lending and wealth management services.