Happen Bank (NASDAQ:HAPN) Releases FY 2026 Earnings Guidance

Happen Bank (NASDAQ:HAPN) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 1.870-1.920 for the period, compared to the consensus estimate of 1.850. Happen Bank also updated its Q4 2026 guidance to 0.430-0.480 EPS.

Happen Bank Stock Performance

Shares of HAPN traded up $0.14 during midday trading on Monday, reaching $15.67. The company had a trading volume of 469,387 shares, compared to its average volume of 2,054,214. Happen Bank has a 1-year low of $13.05 and a 1-year high of $21.67. The company has a market capitalization of $1.80 billion, a PE ratio of 8.76 and a beta of 1.61. The business has a 50 day simple moving average of $15.90.

Happen Bank (NASDAQ:HAPN) last issued its earnings results on Wednesday, October 28th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Happen Bank had a return on equity of 13.62% and a net margin of 20.16%. The business had revenue of $279.09 million during the quarter. The firm’s revenue was down 1.1% on a year-over-year basis. On average, sell-side analysts predict that Happen Bank will post 1.89 EPS for the current year.

Analysts Set New Price Targets

HAPN has been the subject of a number of research analyst reports. BTIG Research reiterated a “buy” rating and set a $25.00 price target on shares of Happen Bank in a report on Tuesday, July 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Happen Bank in a report on Tuesday, September 22nd. Citizens Jmp raised their target price on Happen Bank from $23.00 to $25.00 and gave the company a “market outperform” rating in a report on Tuesday, July 28th. Finally, Piper Sandler lowered their target price on Happen Bank from $25.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Happen Bank currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.33.

Insider Activity at Happen Bank

In other Happen Bank news, General Counsel Jordan Cheng sold 2,800 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $16.00, for a total transaction of $44,800.00. Following the sale, the general counsel directly owned 103,613 shares in the company, valued at approximately $1,657,808. The trade was a 2.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Sanborn sold 28,750 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $18.25, for a total value of $524,687.50. Following the sale, the chief executive officer owned 1,462,774 shares in the company, valued at approximately $26,695,625.50. The trade was a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 140,600 shares of company stock worth $2,663,156 over the last three months. 3.31% of the stock is currently owned by corporate insiders.

About Happen Bank

Happen Bank, originally founded as LendingClub in 2006, is a digital bank primarily built for high-FICO, high-income borrowers that are actively managing their financial lives. The company offers products to make financial progress both fast and easy. Additionally, the company provides advanced credit underwriting, a proprietary technology platform, and a marketplace bank model intended to drive value for members, loan investors, and shareholders. Happen Bank is headquartered in San Fancisco, California.