Royce & Associates LP Has $194,000 Position in Hope Bancorp, Inc. (NASDAQ:HOPE)

Royce & Associates LP lessened its stake in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 68.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,815 shares of the financial services provider's stock after selling 33,660 shares during the quarter. Royce & Associates LP's holdings in Hope Bancorp were worth $194,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Victory Capital Management Inc. lifted its holdings 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 valued at $2,093,000 after acquiring an additional 25,654 shares during the period. Intech Investment Management LLC lifted its holdings in Hope Bancorp by 3.7% during 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 last quarter. Landscape Capital Management L.L.C. acquired a new position in Hope Bancorp in the third quarter valued at about $161,000. Charles Schwab Investment Management Inc. grew its stake in Hope Bancorp by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,346,215 shares of the financial services provider's stock worth $29,468,000 after buying an additional 33,689 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Hope Bancorp during the third quarter worth approximately $841,000. Institutional investors and hedge funds own 84.00% of the company's stock.

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Insider Activity at Hope Bancorp

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of Hope Bancorp stock in a transaction on 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 sale, the executive vice president now owns 19,267 shares of the company's stock, valued at approximately $227,928.61. The trade was a 17.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.29% of the stock is currently owned by company insiders.

Hope Bancorp Trading Up 0.5 %

HOPE traded up $0.05 during mid-day trading on Wednesday, reaching $10.66. The stock had a trading volume of 578,313 shares, compared to its average volume of 679,954. The stock has a market capitalization of $1.29 billion, a P/E ratio of 13.00 and a beta of 1.15. Hope Bancorp, Inc. has a 52 week low of $9.80 and a 52 week high of $14.54. 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's fifty day simple moving average is $11.20 and its two-hundred day simple moving average is $12.23.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.20 EPS 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 predict that Hope Bancorp, Inc. will post 1.09 EPS for the current year.

Hope Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date was Thursday, February 6th. Hope Bancorp's dividend payout ratio (DPR) is 68.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. DA Davidson decreased 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. StockNews.com upgraded Hope Bancorp from a "sell" rating to a "hold" rating in a report on Friday, December 6th. Finally, Piper Sandler cut their price target on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, Hope Bancorp has a consensus rating of "Hold" and a consensus price target of $12.88.

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.