Hope Bancorp, Inc. (NASDAQ:HOPE) Position Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its stake in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,055,151 shares of the financial services provider's stock after purchasing an additional 337,599 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.87% of Hope Bancorp worth $12,968,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. nVerses Capital LLC acquired a new stake in Hope Bancorp during the third quarter valued at approximately $48,000. Quantbot Technologies LP acquired a new stake in shares of Hope Bancorp during the 3rd quarter valued at approximately $58,000. Choreo LLC bought a new position in Hope Bancorp during the second quarter worth $108,000. AE Wealth Management LLC acquired a new position in Hope Bancorp in the second quarter worth $112,000. Finally, CWM LLC increased its stake in Hope Bancorp by 15.7% during the third quarter. CWM LLC now owns 9,109 shares of the financial services provider's stock valued at $114,000 after purchasing an additional 1,238 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

Hope Bancorp Stock Performance

NASDAQ HOPE traded up $0.10 during trading hours on Friday, hitting $12.09. The company had a trading volume of 495,585 shares, compared to its average volume of 616,380. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.46 billion, a P/E ratio of 14.39 and a beta of 1.16. Hope Bancorp, Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $14.53. The business has a fifty day simple moving average of $12.88 and a 200-day simple moving average of $12.57.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $121.67 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. Equities analysts predict that Hope Bancorp, Inc. will post 0.85 EPS for the current year.

Hope Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.63%. The ex-dividend date was Thursday, November 7th. Hope Bancorp's dividend payout ratio is currently 66.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Hope Bancorp from a "sell" rating to a "hold" rating in a report on Friday, December 6th.

Insider Buying and Selling at Hope Bancorp

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

Hope Bancorp Company 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.