Hope Bancorp, Inc. (NASDAQ:HOPE) Shareholders to Receive $0.14 Quarterly Dividend

Hope Bancorp, Inc. (NASDAQ:HOPE) declared a quarterly dividend on Wednesday, October 28th. Stockholders of record on Saturday, November 7th will be given a dividend of $0.14 per share by the financial services provider on Friday, November 20th. This represents a $0.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, November 6th.

Hope Bancorp has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hope Bancorp to earn $1.60 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 35.0%.

Hope Bancorp Trading Down 1.7%

HOPE opened at $13.88 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 13.88 and a beta of 0.87. Hope Bancorp has a 12 month low of $9.80 and a 12 month high of $14.59. The stock has a fifty day moving average price of $13.76 and a 200-day moving average price of $12.80.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Hope Bancorp had a return on equity of 5.71% and a net margin of 12.53%. The company had revenue of $157.48 million for the quarter, compared to the consensus estimate of $151.34 million. During the same quarter last year, the company earned $0.25 earnings per share. As a group, equities research analysts anticipate that Hope Bancorp will post 1.14 earnings per share for the current fiscal year.

About Hope Bancorp

Hope Bancorp, Inc is the holding company for Bank of Hope, a full-service commercial bank headquartered in Los Angeles, California. The bank serves businesses, individuals and communities throughout the United States, with a particular focus on Korean American and other multicultural markets.

Bank of Hope offers a range of banking products and services, including business and consumer deposit accounts, commercial and industrial lending, commercial real estate financing, small business loans, residential mortgage lending and wealth management services.