Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Bought by Walleye Capital LLC

Walleye Capital LLC raised its holdings in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 62.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,000 shares of the financial services provider's stock after buying an additional 34,500 shares during the quarter. Walleye Capital LLC owned about 0.07% of Hope Bancorp worth $1,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Hope Bancorp by 181.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,553 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Hope Bancorp by 31.2% during the fourth 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 last quarter. Sterling Capital Management LLC raised its stake in Hope Bancorp by 819.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,713 shares of the financial services provider's stock worth $46,000 after purchasing an additional 3,309 shares during the period. KBC Group NV boosted its holdings in Hope Bancorp by 36.6% in the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 1,901 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in Hope Bancorp in the 4th quarter valued at about $133,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Hope Bancorp Stock Performance

Shares of HOPE stock traded down $0.18 during trading hours on Friday, reaching $10.07. 687,461 shares of the company's stock were exchanged, compared to its average volume of 817,587. 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 $10.22 and its two-hundred day moving average is $11.79. The company has a market cap of $1.22 billion, a P/E ratio of 12.29 and a beta of 0.96. Hope Bancorp, Inc. has a 1 year low of $8.83 and a 1 year high of $14.54.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $217.17 million during the quarter, compared to analysts' expectations of $114.97 million. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%. During the same period last year, the company posted $0.23 earnings per share. Equities research analysts anticipate that Hope Bancorp, Inc. will post 1.09 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.56%. Hope Bancorp's payout ratio is 68.29%.

Insider Buying and Selling at Hope Bancorp

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of Hope Bancorp stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $11.83, for a total transaction of $49,508.55. Following the completion of the transaction, the executive vice president now owns 19,267 shares in the company, valued at approximately $227,928.61. The trade was a 17.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.29% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on HOPE. DA Davidson reduced their price target on shares of Hope Bancorp from $15.50 to $14.50 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. Piper Sandler reduced their target price on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating on the stock in a research report on Thursday, January 30th. Finally, StockNews.com lowered Hope Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $12.88.

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.