Hope Bancorp, Inc. (NASDAQ:HOPE) is set to announce third quarter earning results on Tuesday 20th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HOPE to report 3Q20 income of $ 0.19 per share.
For the full year, analysts anticipate top line of $ 519.18 million, while looking forward to income of $ 0.81 per share bottom line.
Previous Quarter Performance
Hope Bancorp, Inc. came out with income for the second quarter of $ 0.22 per share, from the revenue of $ 121.05 million. The quarterly earnings reduced 35.29 percent while revenues shrunk 6.53 percent compared with the same quarter last year.
Street analysts expected Hope Bancorp, Inc. to report income of $ 0.18 per share on revenue of $ 127.52 million for the second quarter. The bottom line results beat street analysts by $ 0.04 or 22.22 percent, at the same time, top line results fell short of analysts by $ 6.47 million or 5.07 percent.
Stock Performance
Shares of Hope Bancorp, Inc. traded low $ -0.16 or -2.00 percent on Monday, reaching $ 7.85 with volume of 546.70 thousand shares. Hope Bancorp, Inc. has traded high as $ 8.08 and has cracked $ 7.85 on the downward trend
According to the previous trading day, closing price of $ 7.85, representing a 13.94 % increase from the 52 week low of $ 7.03 and a 48.36 % decrease over the 52 week high of $ 15.51.
The company has a market capital of $ 967.53 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 1st October 2020, maintained by Piper Sandler at Neutral rating, with $ 8.00 target price.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.14 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 24, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Hope Bancorp, Inc. will be hosting a conference call at 12:30 PM eastern time on 21st October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.bankofhope.com
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.
