Brokers

Brokers Issue Forecasts for Hope Bancorp, Inc.’s Q2 2022 Earnings (NASDAQ:HOPE)


Hope Bancorp, Inc. (NASDAQ:HOPEGet Rating) – Research analysts at DA Davidson raised their Q2 2022 earnings estimates for shares of Hope Bancorp in a research note issued to investors on Thursday, May 19th. DA Davidson analyst G. Tenner now forecasts that the financial services provider will earn $0.40 per share for the quarter, up from their previous estimate of $0.39. DA Davidson has a “Neutral” rating and a $16.00 price target on the stock. DA Davidson also issued estimates for Hope Bancorp’s FY2023 earnings at $1.69 EPS.

Hope Bancorp (NASDAQ:HOPEGet Rating) last posted its quarterly earnings data on Monday, April 18th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.11. Hope Bancorp had a return on equity of 10.68% and a net margin of 35.68%. The business had revenue of $146.36 million during the quarter, compared to the consensus estimate of $144.13 million. During the same period last year, the company earned $0.35 earnings per share. Hope Bancorp’s quarterly revenue was up 11.4% on a year-over-year basis.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Hope Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. StockNews.com upgraded shares of Hope Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday.

Shares of Hope Bancorp stock opened at $13.75 on Friday. The stock has a market cap of $1.66 billion, a P/E ratio of 7.60 and a beta of 1.30. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. Hope Bancorp has a 12-month low of $12.48 and a 12-month high of $17.68. The business’s 50 day moving average is $15.43 and its 200-day moving average is $15.61.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 12th. Investors of record on Thursday, April 28th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, April 27th. This represents a $0.56 annualized dividend and a yield of 4.07%. Hope Bancorp’s dividend payout ratio is 30.94%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. CWM LLC increased its position in Hope Bancorp by 152.6% during the 1st quarter. CWM LLC now owns 2,950 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,782 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Hope Bancorp in the 3rd quarter valued at $49,000. Advisor Group Holdings Inc. lifted its stake in shares of Hope Bancorp by 51.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,873 shares of the financial services provider’s stock valued at $63,000 after acquiring an additional 1,313 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Hope Bancorp during the 1st quarter valued at $75,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Hope Bancorp in the 1st quarter worth about $140,000. Institutional investors and hedge funds own 85.15% of the company’s stock.

About Hope Bancorp (Get Rating)

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services for small and medium-sized businesses, and individuals in the United States. The company accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts.

Featured Stories

Earnings History and Estimates for Hope Bancorp (NASDAQ:HOPE)



Receive News & Ratings for Hope Bancorp Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hope Bancorp and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.