Factors Likely to Have Influenced Earnings Results Hope Bancorp (NASDAQ:HOPE)

Earnings results for Hope Bancorp (NASDAQ:HOPE)

Hope Bancorp, Inc. is estimated to report earnings on 10/19/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.42. The reported EPS for the same quarter last year was $0.25.

Hope Bancorp last issued its earnings data on July 19th, 2021. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. The business earned $137.65 million during the quarter, compared to analyst estimates of $135.16 million. Its revenue was up 13.7% on a year-over-year basis. Hope Bancorp has generated $0.90 earnings per share over the last year ($1.26 diluted earnings per share) and currently has a price-to-earnings ratio of 11.8. Earnings for Hope Bancorp are expected to decrease by -3.70% in the coming year, from $1.62 to $1.56 per share. Hope Bancorp has confirmed that its next quarterly earnings report will be published on Monday, October 25th, 2021. Hope Bancorp will be holding an earnings conference call on Tuesday, October 26th at 12:30 PM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10161142”.

Analyst Opinion on Hope Bancorp (NASDAQ:HOPE)

like Hope Bancorp stock less than the stock of other Finance companies. 54.41% of gave Hope Bancorp an outperform vote while finance companies recieve an average of 62.78% outperform votes by .

Dividend Strength: Hope Bancorp (NASDAQ:HOPE)

Hope Bancorp is a leading dividend payer. It pays a dividend yield of 3.79%, putting its dividend yield in the top 25% of dividend-paying stocks. Hope Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of Hope Bancorp is 62.22%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Hope Bancorp will have a dividend payout ratio of 35.90% next year. This indicates that Hope Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Hope Bancorp (NASDAQ:HOPE)

In the past three months, Hope Bancorp insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $51,457.00 in company stock. Only 5.29% of the stock of Hope Bancorp is held by insiders. 83.93% of the stock of Hope Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Hope Bancorp (NASDAQ:HOPE

Earnings for Hope Bancorp are expected to decrease by -3.70% in the coming year, from $1.62 to $1.56 per share. The P/E ratio of Hope Bancorp is 11.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.68. The P/E ratio of Hope Bancorp is 11.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.51. Hope Bancorp has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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