Hope Bancorp, Inc. (NASDAQ:HOPE) Forecasted to Earn FY2026 Earnings of $1.39 Per Share

Hope Bancorp, Inc. (NASDAQ:HOPE) – Wedbush issued their FY2026 earnings estimates for Hope Bancorp in a research report issued on Tuesday, September 24th. Wedbush analyst D. Chiaverini anticipates that the financial services provider will post earnings of $1.39 per share for the year. The consensus estimate for Hope Bancorp’s current full-year earnings is $0.89 per share.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $116.90 million during the quarter, compared to the consensus estimate of $121.27 million. Hope Bancorp had a net margin of 10.02% and a return on equity of 5.85%. The company’s revenue for the quarter was down 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.32 EPS.

A number of other research analysts also recently weighed in on HOPE. StockNews.com upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Keefe, Bruyette & Woods increased their price objective on Hope Bancorp from $12.00 to $14.00 and gave the company a “market perform” rating in a report on Tuesday, July 30th.

Hope Bancorp Price Performance

NASDAQ:HOPE opened at $12.41 on Wednesday. Hope Bancorp has a 52-week low of $8.15 and a 52-week high of $13.59. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $12.47 and its 200 day moving average price is $11.33. The firm has a market cap of $1.50 billion, a P/E ratio of 12.41 and a beta of 1.13.

Hope Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Thursday, August 8th. Hope Bancorp’s payout ratio is presently 56.00%.

Insider Transactions at Hope Bancorp

In other Hope Bancorp news, EVP Thomas Stenger sold 3,200 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $12.40, for a total transaction of $39,680.00. Following the transaction, the executive vice president now owns 25,952 shares of the company’s stock, valued at approximately $321,804.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director David P. Malone sold 10,428 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $12.71, for a total transaction of $132,539.88. Following the sale, the director now directly owns 109,991 shares in the company, valued at $1,397,985.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Thomas Stenger sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $12.40, for a total value of $39,680.00. Following the transaction, the executive vice president now owns 25,952 shares of the company’s stock, valued at $321,804.80. The disclosure for this sale can be found here. Insiders sold 25,831 shares of company stock valued at $323,657 over the last three months. Company insiders own 5.29% of the company’s stock.

Institutional Investors Weigh In On Hope Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its holdings in Hope Bancorp by 117.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 158,626 shares of the financial services provider’s stock worth $1,826,000 after acquiring an additional 85,709 shares during the period. GSA Capital Partners LLP purchased a new stake in Hope Bancorp during the first quarter valued at about $915,000. Assenagon Asset Management S.A. lifted its position in Hope Bancorp by 232.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,333,798 shares of the financial services provider’s stock worth $25,065,000 after buying an additional 1,632,384 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Hope Bancorp by 17.4% in the 2nd quarter. American Century Companies Inc. now owns 2,000,739 shares of the financial services provider’s stock valued at $21,488,000 after purchasing an additional 296,469 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Hope Bancorp by 18.9% during the first quarter. BNP Paribas Financial Markets now owns 202,012 shares of the financial services provider’s stock valued at $2,325,000 after buying an additional 32,056 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

About Hope Bancorp

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans.