Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Bought by Barclays PLC

Barclays PLC grew its holdings in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 109.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 253,437 shares of the financial services provider's stock after acquiring an additional 132,677 shares during the quarter. Barclays PLC owned about 0.21% of Hope Bancorp worth $3,183,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. nVerses Capital LLC purchased a new position in Hope Bancorp in the third quarter valued at approximately $48,000. Fifth Third Bancorp grew its position in shares of Hope Bancorp by 149.5% in the 2nd quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider's stock valued at $57,000 after buying an additional 3,163 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Hope Bancorp during the 3rd quarter worth $58,000. Choreo LLC purchased a new stake in Hope Bancorp in the second quarter valued at $108,000. Finally, AE Wealth Management LLC acquired a new position in Hope Bancorp in the second quarter valued at $112,000. Institutional investors and hedge funds own 84.00% of the company's stock.

Hope Bancorp Stock Performance

HOPE stock traded up $0.04 on Tuesday, hitting $12.38. The company's stock had a trading volume of 267,284 shares, compared to its average volume of 724,092. Hope Bancorp, Inc. has a 1 year low of $9.80 and a 1 year high of $14.53. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 14.74 and a beta of 1.15. The firm has a 50 day moving average of $13.18 and a two-hundred day moving average of $12.36.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its earnings results 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). The business had revenue of $246.92 million for the quarter, compared to analyst estimates of $121.67 million. Hope Bancorp had a return on equity of 5.52% and a net margin of 9.81%. During the same quarter last year, the company posted $0.25 EPS. Equities analysts predict that Hope Bancorp, Inc. will post 0.85 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Thursday, November 7th. Hope Bancorp's payout ratio is currently 66.67%.

Insider Transactions at Hope Bancorp

In other news, Director Daisy Y. Ha sold 27,104 shares of the firm's stock in a transaction that occurred on 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 trade represents a 5.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven Koh sold 96,620 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $13.33, for a total value 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 represents a 2.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 129,224 shares of company stock worth $1,737,873 over the last 90 days. 5.29% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.