Hope Bancorp (NASDAQ:HOPE) is scheduled to post its quarterly earnings results after the market closes on Monday, October 21st. Analysts expect Hope Bancorp to post earnings of $0.33 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.01). The business had revenue of $129.51 million for the quarter, compared to the consensus estimate of $133.30 million. Hope Bancorp had a net margin of 23.98% and a return on equity of 9.12%. During the same quarter last year, the firm posted $0.36 EPS. On average, analysts expect Hope Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

HOPE traded down $0.17 during mid-day trading on Monday, reaching $13.98. 4,967 shares of the stock were exchanged, compared to its average volume of 536,238. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $1.76 billion, a PE ratio of 9.71 and a beta of 1.54. The company has a 50 day moving average price of $14.00 and a two-hundred day moving average price of $13.80. Hope Bancorp has a 1 year low of $11.37 and a 1 year high of $15.99.

A number of equities analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Hope Bancorp from a “hold” rating to a “sell” rating in a report on Friday, September 20th. ValuEngine raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.00.

In related news, CFO Alex Ko sold 13,507 shares of the business’s stock in a transaction dated Friday, July 19th. The shares were sold at an average price of $14.29, for a total value of $193,015.03. Following the transaction, the chief financial officer now directly owns 5,888 shares of the company’s stock, valued at approximately $84,139.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Steven Koh sold 10,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $13.58, for a total transaction of $135,800.00. Following the completion of the transaction, the director now directly owns 6,667 shares in the company, valued at $90,537.86. The disclosure for this sale can be found here. Insiders have sold a total of 66,334 shares of company stock worth $911,368 over the last ninety days. Insiders own 5.59% of the company’s stock.

Hope Bancorp Company Profile

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

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Earnings History for Hope Bancorp (NASDAQ:HOPE)

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