S&P 500 eases slightly from fresh record high after stronger economic growth
Investing.com - DA Davidson has reiterated its Buy rating and $14.00 price target on Hope Bancorp (NASDAQ:HOPE), despite the bank’s recent results falling modestly below expectations. Trading at $10.78 with a 5.17% dividend yield, the stock has maintained dividend payments for 14 consecutive years, according to InvestingPro data.
The research firm noted that Hope Bancorp’s performance, which included the TBNK acquisition, showed some weakness due to transaction-related disruptions, but maintained a positive outlook on the company’s future earnings potential. With a market capitalization of $1.38 billion and trading at 0.63 times book value, InvestingPro analysis reveals the company maintains a FAIR financial health score.
DA Davidson expressed confidence that Hope Bancorp is "well-poised to achieve positive earnings momentum and profitability improvement in the coming quarters," supporting its continued Buy recommendation.
The firm has lowered its earnings estimates for Hope Bancorp, reducing its 2025 forecast from $0.98 to $0.92 per share and its 2026 projection from $1.33 to $1.27 per share, citing updated guidance that included lower than expected quarterly PAA benefits.
DA Davidson also pointed to a higher non-interest expense run rate due to uncertainty around the timing of TBNK systems conversion, while noting its $14 price target represents a 1x multiple on the bank’s estimated 2026 tangible book value of $14.28.
In other recent news, Hope Bancorp announced a quarterly cash dividend of $0.14 per common share. This dividend is set to be paid around August 15, 2025, to shareholders who are on record by August 1, 2025. The company reported total assets of $18.55 billion as of June 30, 2025. Additionally, Keefe, Bruyette & Woods has reiterated its Market Perform rating for Hope Bancorp. The research firm also maintained a price target of $12.00 for the bank. Following Hope Bancorp’s securities repositioning, KBW raised its earnings estimates for 2025 and 2026 by 4% and 7%, respectively. The increase in projections is attributed to the bank’s bond restructuring initiative.
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