Barclays PLC Has $3.18 Million Stock Position in Hope Bancorp, Inc. (NASDAQ:HOPE)

Barclays PLC increased its position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE) by 109.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,437 shares of the financial services provider’s stock after acquiring an additional 132,677 shares during the quarter. Barclays PLC owned 0.21% of Hope Bancorp worth $3,183,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HOPE. Jane Street Group LLC grew its position in Hope Bancorp by 66.8% during the 3rd quarter. Jane Street Group LLC now owns 170,936 shares of the financial services provider’s stock worth $2,147,000 after purchasing an additional 68,460 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Hope Bancorp by 30.1% in the third quarter. Wellington Management Group LLP now owns 4,553,508 shares of the financial services provider’s stock worth $57,192,000 after buying an additional 1,054,124 shares during the period. Weiss Asset Management LP purchased a new position in shares of Hope Bancorp during the third quarter valued at $446,000. State Street Corp raised its position in Hope Bancorp by 1.9% during the third quarter. State Street Corp now owns 6,152,656 shares of the financial services provider’s stock valued at $77,277,000 after buying an additional 112,824 shares during the period. Finally, Quantinno Capital Management LP lifted its stake in Hope Bancorp by 8.5% in the 3rd quarter. Quantinno Capital Management LP now owns 11,729 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 919 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Insider Activity at Hope Bancorp

In other Hope Bancorp news, Director Steven Koh sold 96,620 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $13.33, for a total transaction of $1,287,944.60. Following the transaction, the director now directly owns 3,167,023 shares in the company, valued at $42,216,416.59. This trade represents a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daisy Y. Ha sold 27,104 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $13.83, for a total value of $374,848.32. Following the completion of the sale, the director now directly owns 446,806 shares of the company’s stock, valued at $6,179,326.98. This represents a 5.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 129,224 shares of company stock valued at $1,737,873. 5.29% of the stock is currently owned by corporate insiders.

Hope Bancorp Trading Down 0.2 %

Shares of NASDAQ:HOPE opened at $12.34 on Tuesday. The firm has a fifty day moving average of $13.21 and a two-hundred day moving average of $12.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. Hope Bancorp, Inc. has a 12-month low of $9.80 and a 12-month high of $14.53. The firm has a market capitalization of $1.49 billion, a P/E ratio of 14.69 and a beta of 1.15.

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

Hope Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.14 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a yield of 4.54%. Hope Bancorp’s dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 6th.

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.