Fuller & Thaler Asset Management Inc. Has $82.77 Million Position in Hope Bancorp, Inc. (NASDAQ:HOPE)

Fuller & Thaler Asset Management Inc. decreased its stake in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,734,784 shares of the financial services provider's stock after selling 209,502 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 5.58% of Hope Bancorp worth $82,770,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Barclays PLC increased its position in shares of Hope Bancorp by 109.9% during the third quarter. Barclays PLC now owns 253,437 shares of the financial services provider's stock valued at $3,183,000 after purchasing an additional 132,677 shares during the period. Geode Capital Management LLC raised its stake in shares of Hope Bancorp by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,842,056 shares of the financial services provider's stock valued at $35,703,000 after buying an additional 48,237 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Hope Bancorp by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 209,884 shares of the financial services provider's stock worth $2,722,000 after acquiring an additional 9,499 shares during the period. Principal Financial Group Inc. boosted its position in shares of Hope Bancorp by 9.0% during the 3rd quarter. Principal Financial Group Inc. now owns 648,095 shares of the financial services provider's stock valued at $8,140,000 after acquiring an additional 53,587 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Hope Bancorp by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 893,172 shares of the financial services provider's stock valued at $11,218,000 after acquiring an additional 95,570 shares during the period. Institutional investors own 84.00% of the company's stock.

Insider Activity

In other 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 value of $49,508.55. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 5.16% of the stock is currently owned by insiders.

Hope Bancorp Stock Down 0.9 %

HOPE stock traded down $0.09 during trading hours on Monday, reaching $9.97. 942,104 shares of the stock were exchanged, compared to its average volume of 823,684. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 12.16 and a beta of 0.96. The firm's 50-day moving average is $10.19 and its 200-day moving average is $11.76. Hope Bancorp, Inc. has a 12 month low of $8.83 and a 12 month high of $14.54. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.96.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $217.17 million for 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 in the previous year, the firm posted $0.23 EPS. On average, equities research analysts expect that Hope Bancorp, Inc. will post 1.09 earnings per share for the current year.

Hope Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date is Friday, May 2nd. Hope Bancorp's dividend payout ratio is currently 71.79%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HOPE shares. Piper Sandler decreased their price objective on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, January 30th. StockNews.com lowered Hope Bancorp from a "hold" rating to a "sell" rating in a research note on Thursday. Finally, DA Davidson lowered their price target 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. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.