Hope Bancorp, Inc. (HOPE) to Issue Quarterly Dividend of $0.14 on November 21st

Hope Bancorp, Inc. (NASDAQ:HOPE) announced a quarterly dividend on Tuesday, October 28th. Investors of record on Friday, November 7th will be paid a dividend of 0.14 per share by the financial services provider on Friday, November 21st. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date is Friday, November 7th.

Hope Bancorp has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hope Bancorp to earn $1.31 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 42.7%.

Hope Bancorp Trading Down 1.2%

Shares of NASDAQ:HOPE opened at $10.66 on Thursday. The company has a 50-day simple moving average of $10.86 and a 200 day simple moving average of $10.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $1.37 billion, a P/E ratio of 27.33 and a beta of 0.92. Hope Bancorp has a 52-week low of $8.82 and a 52-week high of $14.53.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings data on Tuesday, October 28th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.01). The company had revenue of $142.03 million for the quarter, compared to analyst estimates of $138.87 million. Hope Bancorp had a return on equity of 4.70% and a net margin of 4.89%.During the same quarter last year, the business earned $0.21 earnings per share. Sell-side analysts forecast that Hope Bancorp will post 1.09 earnings per share for the current year.

Hope Bancorp Company Profile

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides retail and commercial banking services for businesses and individuals in the United States. It accepts personal and business checking, money market, savings, time deposit, and individual retirement accounts. The company also offers loans comprising commercial and industrial loans to businesses for various purposes, such as working capital, purchasing inventory, debt refinancing, business acquisitions, international trade finance, other business-related financing, and loans syndication services; commercial real estate loans; residential mortgage loans; small business administration loans; and consumer loans, such as single-family mortgage, home equity, automobile, credit card, and personal loans.