Amundi Has $694,000 Stock Holdings in Hope Bancorp, Inc. (NASDAQ:HOPE)

Amundi raised its stake in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 174.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,345 shares of the financial services provider's stock after buying an additional 37,090 shares during the quarter. Amundi's holdings in Hope Bancorp were worth $694,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. acquired a new position in shares of Hope Bancorp during the 4th quarter worth $2,322,000. Raymond James Financial Inc. acquired a new position in shares of Hope Bancorp during the 4th quarter worth $912,000. Proficio Capital Partners LLC acquired a new position in shares of Hope Bancorp during the 4th quarter worth $254,000. Victory Capital Management Inc. increased its stake in shares of Hope Bancorp by 31.2% during the 4th quarter. Victory Capital Management Inc. now owns 218,579 shares of the financial services provider's stock worth $2,686,000 after purchasing an additional 51,970 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Hope Bancorp by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,374,629 shares of the financial services provider's stock worth $29,184,000 after purchasing an additional 28,414 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company's stock.

Insider Buying and Selling at Hope Bancorp

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $11.83, for a total value of $49,508.55. Following the completion of the sale, the executive vice president now directly owns 19,267 shares of the company's stock, valued at $227,928.61. This represents a 17.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 5.29% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently commented on HOPE shares. StockNews.com upgraded shares of Hope Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Piper Sandler decreased their price objective on shares of Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Finally, DA Davidson decreased their price objective on shares of Hope Bancorp from $15.50 to $14.50 and set a "buy" rating for the company in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Hope Bancorp presently has an average rating of "Hold" and a consensus price target of $12.88.

Hope Bancorp Stock Performance

Shares of NASDAQ HOPE traded up $0.02 during trading hours on Friday, hitting $10.45. 2,006,741 shares of the stock were exchanged, compared to its average volume of 678,444. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.96. The company's 50 day moving average is $11.24 and its 200 day moving average is $12.25. The firm has a market capitalization of $1.26 billion, a P/E ratio of 12.74 and a beta of 1.15. Hope Bancorp, Inc. has a one year low of $9.80 and a one year high of $14.54.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.03. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%. On average, research analysts expect that Hope Bancorp, Inc. will post 1.09 EPS for the current year.

Hope Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date was Thursday, February 6th. Hope Bancorp's dividend payout ratio (DPR) is presently 68.29%.

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.