Hope Bancorp Inc (NASDAQ:HOPE) Announces $0.14 Quarterly Dividend

Hope Bancorp Inc (NASDAQ:HOPE) announced a quarterly dividend on Tuesday, July 16th, NASDAQ reports. Investors of record on Friday, July 26th will be given a dividend of 0.14 per share by the financial services provider on Friday, August 9th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.91%. The ex-dividend date is Thursday, July 25th.

Hope Bancorp has a payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Hope Bancorp to earn $1.35 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 41.5%.

NASDAQ HOPE opened at $14.31 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50 day simple moving average of $13.64. Hope Bancorp has a 12 month low of $11.37 and a 12 month high of $17.92. The company has a market cap of $1.82 billion, a P/E ratio of 9.94, a P/E/G ratio of 1.33 and a beta of 1.48.

Hope Bancorp (NASDAQ:HOPE) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.01). Hope Bancorp had a return on equity of 9.12% and a net margin of 23.98%. The business had revenue of $129.51 million during the quarter, compared to the consensus estimate of $133.30 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. As a group, analysts forecast that Hope Bancorp will post 1.34 EPS for the current year.

A number of research firms have recently issued reports on HOPE. Zacks Investment Research lowered shares of Zafgen from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $16.00.

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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Dividend History for Hope Bancorp (NASDAQ:HOPE)

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