WINTON GROUP Ltd Acquires 38,180 Shares of Hope Bancorp, Inc. (NASDAQ:HOPE)

WINTON GROUP Ltd grew its stake in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 80.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,352 shares of the financial services provider's stock after acquiring an additional 38,180 shares during the period. WINTON GROUP Ltd owned 0.07% of Hope Bancorp worth $1,049,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC boosted its position in shares of Hope Bancorp by 3.7% in the third quarter. Intech Investment Management LLC now owns 48,464 shares of the financial services provider's stock valued at $609,000 after acquiring an additional 1,744 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Hope Bancorp by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,346,215 shares of the financial services provider's stock worth $29,468,000 after purchasing an additional 33,689 shares in the last quarter. Quantbot Technologies LP bought a new stake in Hope Bancorp in the 3rd quarter valued at about $58,000. Townsquare Capital LLC acquired a new position in shares of Hope Bancorp during the 3rd quarter worth approximately $174,000. Finally, Martingale Asset Management L P bought a new position in shares of Hope Bancorp during the third quarter worth approximately $713,000. Institutional investors own 84.00% of the company's stock.

Insiders Place Their Bets

In other news, EVP Thomas Stenger sold 4,185 shares of the stock in a transaction on Thursday, January 30th. The stock was 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 directly owns 19,267 shares in the company, valued at approximately $227,928.61. This represents a 17.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.29% of the company's stock.

Hope Bancorp Price Performance

Shares of HOPE traded up $0.01 during midday trading on Wednesday, hitting $10.39. The company's stock had a trading volume of 231,885 shares, compared to its average volume of 745,408. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. Hope Bancorp, Inc. has a one year low of $9.80 and a one year high of $14.54. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.66 and a beta of 1.15. The company's fifty day simple moving average is $11.04 and its two-hundred day simple moving average is $12.17.

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 (EPS) for the quarter, beating 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%. As a group, equities analysts expect that Hope Bancorp, Inc. will post 1.09 earnings per share for the current fiscal year.

Hope Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a $0.14 dividend. The ex-dividend date was Thursday, February 6th. This represents a $0.56 dividend on an annualized basis and a yield of 5.39%. Hope Bancorp's dividend payout ratio is currently 68.29%.

Analysts Set New Price Targets

HOPE has been the subject of several recent research reports. DA Davidson cut their price target on Hope Bancorp from $15.50 to $14.50 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Piper Sandler cut their target price on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, January 30th. Finally, StockNews.com upgraded Hope Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hope Bancorp has a consensus rating of "Hold" and a consensus target price 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.