Mutual of America Capital Management LLC Has $228,000 Stake in Hope Bancorp, Inc. (NASDAQ:HOPE)

Mutual of America Capital Management LLC lessened its holdings in Hope Bancorp, Inc. (NASDAQ:HOPE) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,159 shares of the financial services provider’s stock after selling 1,666 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hope Bancorp were worth $228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assenagon Asset Management S.A. raised its position in shares of Hope Bancorp by 232.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 2,333,798 shares of the financial services provider’s stock worth $25,065,000 after acquiring an additional 1,632,384 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Hope Bancorp by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 648,095 shares of the financial services provider’s stock worth $8,140,000 after buying an additional 53,587 shares in the last quarter. American Century Companies Inc. boosted its position in Hope Bancorp by 17.4% in the second quarter. American Century Companies Inc. now owns 2,000,739 shares of the financial services provider’s stock worth $21,488,000 after purchasing an additional 296,469 shares during the last quarter. Denali Advisors LLC boosted its holdings in shares of Hope Bancorp by 17.7% in the 2nd quarter. Denali Advisors LLC now owns 350,400 shares of the financial services provider’s stock worth $3,763,000 after buying an additional 52,700 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in Hope Bancorp in the second quarter valued at about $587,000. Institutional investors own 84.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Hope Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, November 21st.

Insider Activity

In related news, EVP Angelee Harris sold 3,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.16, for a total value of $42,480.00. Following the completion of the transaction, the executive vice president now directly owns 19,795 shares of the company’s stock, valued at $280,297.20. This trade represents a 13.16 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Daisy Y. Ha sold 27,104 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $13.83, for a total transaction of $374,848.32. Following the transaction, the director now directly owns 446,806 shares of the company’s stock, valued at approximately $6,179,326.98. This trade represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 129,474 shares of company stock valued at $1,739,618. 5.29% of the stock is currently owned by insiders.

Hope Bancorp Stock Performance

Shares of HOPE opened at $13.62 on Friday. The firm has a market capitalization of $1.64 billion, a PE ratio of 16.21 and a beta of 1.13. The company has a 50-day simple moving average of $12.96 and a two-hundred day simple moving average of $12.01. Hope Bancorp, Inc. has a one year low of $9.66 and a one year high of $14.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $246.92 million for the quarter, compared to the consensus estimate of $121.67 million. Hope Bancorp had a net margin of 9.81% and a return on equity of 5.52%. During the same quarter last year, the company earned $0.25 EPS. On average, analysts anticipate that Hope Bancorp, Inc. will post 0.85 EPS for the current fiscal year.

Hope Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders of record on Thursday, November 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 annualized dividend and a yield of 4.11%. Hope Bancorp’s payout ratio is currently 66.67%.

About Hope Bancorp

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.