Hope Bancorp, Inc. (NASDAQ:HOPE) declared a quarterly dividend on Wednesday, October 18th, Wall Street Journal reports. Investors of record on Tuesday, October 31st will be given a dividend of 0.13 per share by the financial services provider on Tuesday, November 14th. This represents a $0.52 annualized dividend and a yield of 2.92%. The ex-dividend date is Monday, October 30th.

Hope Bancorp (HOPE) opened at 17.82 on Thursday. The firm has a market capitalization of $2.41 billion, a price-to-earnings ratio of 16.27 and a beta of 1.41. The company’s 50-day moving average price is $16.89 and its 200 day moving average price is $17.85. Hope Bancorp has a 52-week low of $15.10 and a 52-week high of $22.99.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). The business had revenue of $132.94 million for the quarter, compared to the consensus estimate of $136.80 million. Hope Bancorp had a return on equity of 8.45% and a net margin of 24.38%. Equities analysts predict that Hope Bancorp will post $1.19 earnings per share for the current fiscal year.

HOPE has been the topic of several recent research reports. FIG Partners downgraded Hope Bancorp from an “outperform” rating to a “market-perform” rating in a research note on Wednesday, July 26th. Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of Hope Bancorp in a research note on Tuesday, June 27th. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “buy” rating and set a $21.00 price target on the stock in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 price target on shares of Hope Bancorp in a research note on Thursday, September 7th. Finally, DA Davidson reissued a “buy” rating and issued a $21.00 price target on shares of Hope Bancorp in a research note on Monday, September 18th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.42.

In related news, Director Donald Byun sold 101,026 shares of Hope Bancorp stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $16.45, for a total value of $1,661,877.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jason K. Kim sold 2,750 shares of Hope Bancorp stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $17.70, for a total value of $48,675.00. Following the completion of the sale, the executive vice president now directly owns 70,729 shares in the company, valued at approximately $1,251,903.30. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

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About Hope Bancorp

Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.

Dividend History for Hope Bancorp (NASDAQ:HOPE)

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