Dana Investment Advisors Inc. Has $5.46 Million Stake in Hope Bancorp, Inc. (NASDAQ:HOPE)

Dana Investment Advisors Inc. reduced its holdings in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 444,027 shares of the financial services provider's stock after selling 25,606 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.37% of Hope Bancorp worth $5,457,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. grew its stake in Hope Bancorp by 13.6% in the 3rd quarter. QRG Capital Management Inc. now owns 21,148 shares of the financial services provider's stock valued at $266,000 after buying an additional 2,534 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Hope Bancorp by 9.0% in the third quarter. Principal Financial Group Inc. now owns 648,095 shares of the financial services provider's stock valued at $8,140,000 after purchasing an additional 53,587 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Hope Bancorp by 18.2% during the third quarter. Victory Capital Management Inc. now owns 166,609 shares of the financial services provider's stock worth $2,093,000 after purchasing an additional 25,654 shares during the period. Empowered Funds LLC lifted its holdings in Hope Bancorp by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 410,454 shares of the financial services provider's stock worth $5,155,000 after purchasing an additional 20,904 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Hope Bancorp by 3.7% in the 3rd quarter. Intech Investment Management LLC now owns 48,464 shares of the financial services provider's stock valued at $609,000 after purchasing an additional 1,744 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

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Insider Transactions 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 stock was sold at an average price of $11.83, for a total value of $49,508.55. Following the transaction, the executive vice president now owns 19,267 shares in the company, valued at $227,928.61. The trade was a 17.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.29% of the stock is owned by insiders.

Hope Bancorp Price Performance

HOPE stock traded down $0.31 during midday trading on Monday, reaching $10.26. The company had a trading volume of 1,047,037 shares, compared to its average volume of 667,603. Hope Bancorp, Inc. has a 1-year low of $9.80 and a 1-year high of $14.54. The stock has a 50 day moving average price of $11.56 and a 200-day moving average price of $12.41. 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 has a market capitalization of $1.24 billion, a price-to-earnings ratio of 12.51 and a beta of 1.15.

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, topping 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%. Equities research analysts expect that Hope Bancorp, Inc. will post 1.09 earnings per share for the current year.

Hope Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a $0.14 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.56 annualized dividend and a dividend yield of 5.46%. Hope Bancorp's payout ratio is 68.29%.

Analyst Upgrades and Downgrades

HOPE has been the topic of several recent research reports. Piper Sandler lowered their price objective 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. DA Davidson dropped their price objective on shares of Hope Bancorp from $15.50 to $14.50 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, StockNews.com upgraded shares of Hope Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $12.88.

About Hope Bancorp

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.