Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Bought by Cwm LLC

Cwm LLC increased its position in Hope Bancorp, Inc. (NASDAQ:HOPE) by 15.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,109 shares of the financial services provider’s stock after acquiring an additional 1,238 shares during the period. Cwm LLC’s holdings in Hope Bancorp were worth $114,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its holdings in Hope Bancorp by 117.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 158,626 shares of the financial services provider’s stock worth $1,826,000 after buying an additional 85,709 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Hope Bancorp during the 1st quarter worth $915,000. Assenagon Asset Management S.A. grew its stake in shares of Hope Bancorp by 232.7% in the second quarter. Assenagon Asset Management S.A. now owns 2,333,798 shares of the financial services provider’s stock worth $25,065,000 after purchasing an additional 1,632,384 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Hope Bancorp by 17.4% during the second quarter. American Century Companies Inc. now owns 2,000,739 shares of the financial services provider’s stock valued at $21,488,000 after purchasing an additional 296,469 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of Hope Bancorp by 18.9% during the first quarter. BNP Paribas Financial Markets now owns 202,012 shares of the financial services provider’s stock valued at $2,325,000 after purchasing an additional 32,056 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HOPE shares. Keefe, Bruyette & Woods increased their target price on shares of Hope Bancorp from $12.00 to $14.00 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. StockNews.com upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, October 14th.

Insider Transactions at Hope Bancorp

In related news, EVP Thomas Stenger sold 3,200 shares of Hope Bancorp stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $12.40, for a total value of $39,680.00. Following the transaction, the executive vice president now owns 25,952 shares of the company’s stock, valued at approximately $321,804.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Hope Bancorp news, EVP Thomas Stenger sold 3,200 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $12.40, for a total value of $39,680.00. Following the completion of the transaction, the executive vice president now directly owns 25,952 shares in the company, valued at $321,804.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jinho Doo sold 10,703 shares of Hope Bancorp stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $12.40, for a total transaction of $132,717.20. Following the completion of the transaction, the director now directly owns 21,538 shares in the company, valued at approximately $267,071.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,831 shares of company stock valued at $323,657 over the last three months. Company insiders own 5.29% of the company’s stock.

Hope Bancorp Price Performance

NASDAQ:HOPE opened at $12.47 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $12.57 and its 200 day moving average price is $11.56. Hope Bancorp, Inc. has a 52-week low of $8.36 and a 52-week high of $13.59. The firm has a market cap of $1.51 billion, a P/E ratio of 14.01 and a beta of 1.13.

Hope Bancorp (NASDAQ:HOPE) last released its earnings results on Monday, July 29th. The financial services provider reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $116.90 million for the quarter, compared to the consensus estimate of $121.27 million. Hope Bancorp had a net margin of 10.02% and a return on equity of 5.85%. The business’s revenue for the quarter was down 20.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. As a group, sell-side analysts predict that Hope Bancorp, Inc. will post 0.87 earnings per share for the current fiscal year.

Hope Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Thursday, August 8th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend was Thursday, August 8th. Hope Bancorp’s payout ratio is 62.92%.

Hope Bancorp 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.