Hope Bancorp, Inc. (NASDAQ:HOPE) Plans $0.14 Quarterly Dividend

Hope Bancorp, Inc. (NASDAQ:HOPE) announced a quarterly dividend on Tuesday, January 27th. Stockholders of record on Friday, February 6th will be given a dividend of 0.14 per share by the financial services provider on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, February 6th.

Hope Bancorp has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hope Bancorp to earn $1.31 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 42.7%.

Hope Bancorp Price Performance

Shares of Hope Bancorp stock opened at $12.21 on Wednesday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 31.19 and a beta of 0.86. The firm’s 50-day moving average price is $11.22 and its two-hundred day moving average price is $10.87. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.06. Hope Bancorp has a 1-year low of $8.82 and a 1-year high of $12.35.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings results on Tuesday, January 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. The business had revenue of $145.76 million for the quarter, compared to the consensus estimate of $142.90 million. Hope Bancorp had a net margin of 4.89% and a return on equity of 4.70%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. On average, equities analysts predict that Hope Bancorp will post 1.09 earnings per share for the current fiscal year.

About Hope Bancorp

Hope Bancorp, Inc operates as the bank holding company for Hope Bank, a California-chartered financial institution serving small and middle-market businesses, professionals and affluent individuals. The company’s principal activities include accepting a variety of deposit products—such as checking accounts, savings and money market accounts, and time deposits—and extending commercial credit facilities. With a focus on community banking, Hope Bancorp tailors its offerings to meet the needs of clients in diverse industries, including real estate, professional services and import/export trade.

In its lending business, Hope Bancorp provides commercial real estate loans, construction financing, working capital lines of credit and equipment financing.