Hope Bancorp, Inc. (NASDAQ:HOPE) Stock Holdings Increased by EMC Capital Management

EMC Capital Management increased its holdings in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 1,082.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,566 shares of the financial services provider's stock after acquiring an additional 27,066 shares during the quarter. EMC Capital Management's holdings in Hope Bancorp were worth $363,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HOPE. MassMutual Private Wealth & Trust FSB raised its position in shares of Hope Bancorp by 31.2% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider's stock worth $44,000 after purchasing an additional 848 shares during the period. nVerses Capital LLC bought a new position in Hope Bancorp during the 3rd quarter worth $48,000. Quantbot Technologies LP bought a new position in Hope Bancorp during the 3rd quarter worth $58,000. KBC Group NV increased its position in Hope Bancorp by 36.6% in the fourth quarter. KBC Group NV now owns 7,093 shares of the financial services provider's stock worth $87,000 after buying an additional 1,901 shares during the period. Finally, CWM LLC lifted its stake in Hope Bancorp by 15.7% in the third quarter. CWM LLC now owns 9,109 shares of the financial services provider's stock valued at $114,000 after buying an additional 1,238 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

Hope Bancorp Price Performance

Shares of NASDAQ:HOPE traded down $0.22 during trading on Monday, reaching $11.44. The company had a trading volume of 651,084 shares, compared to its average volume of 758,654. Hope Bancorp, Inc. has a twelve month low of $9.80 and a twelve month high of $14.53. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market capitalization of $1.38 billion, a PE ratio of 14.00 and a beta of 1.15. The firm's fifty day moving average is $12.56 and its 200 day moving average is $12.63.

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

Hope Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, February 6th will be paid a dividend of $0.14 per share. The ex-dividend date is Thursday, February 6th. This represents a $0.56 annualized dividend and a yield of 4.90%. Hope Bancorp's dividend payout ratio is currently 68.29%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Hope Bancorp news, EVP Angelee Harris sold 3,000 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.16, for a total value of $42,480.00. Following the transaction, the executive vice president now owns 19,795 shares of the company's stock, valued at approximately $280,297.20. This represents a 13.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 19,267 shares of the company's stock, valued at $227,928.61. This trade represents a 17.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 133,409 shares of company stock valued at $1,787,381 over the last three months. Company 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.