Y Intercept Hong Kong Ltd Makes New Investment in Hope Bancorp, Inc. (NASDAQ:HOPE)

Y Intercept Hong Kong Ltd bought a new position in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 53,471 shares of the financial services provider's stock, valued at approximately $657,000.

A number of other large investors have also recently modified their holdings of HOPE. Ieq Capital LLC purchased a new stake in Hope Bancorp in the fourth quarter worth about $371,000. Principal Financial Group Inc. raised its holdings in Hope Bancorp by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 674,643 shares of the financial services provider's stock worth $8,291,000 after buying an additional 26,548 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Hope Bancorp by 5.1% during the fourth quarter. Empowered Funds LLC now owns 431,536 shares of the financial services provider's stock valued at $5,304,000 after buying an additional 21,082 shares during the last quarter. EMC Capital Management lifted its position in Hope Bancorp by 1,082.6% in the 4th quarter. EMC Capital Management now owns 29,566 shares of the financial services provider's stock valued at $363,000 after acquiring an additional 27,066 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Hope Bancorp by 36.6% in the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider's stock worth $87,000 after purchasing an additional 1,901 shares in the last quarter. Institutional investors own 84.00% of the company's stock.

Hope Bancorp Stock Performance

NASDAQ HOPE traded down $0.20 during trading hours on Tuesday, hitting $10.62. 320,622 shares of the company's stock traded hands, compared to its average volume of 660,335. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. Hope Bancorp, Inc. has a 52 week low of $9.80 and a 52 week high of $14.54. The firm has a market capitalization of $1.28 billion, a P/E ratio of 12.96 and a beta of 1.15. The business's fifty day moving average price is $11.71 and its two-hundred day moving average price is $12.46.

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Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its earnings results 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%. Equities research analysts predict that Hope Bancorp, Inc. will post 1.09 EPS for the current year.

Hope Bancorp Dividend Announcement

The company also recently declared 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 dividend yield of 5.28%. Hope Bancorp's payout ratio is currently 68.29%.

Insider Activity at Hope Bancorp

In other news, EVP Thomas Stenger sold 4,185 shares of the company's 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 completion of the transaction, the executive vice president now owns 19,267 shares of the company's stock, valued at $227,928.61. This represents 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 hyperlink. 5.29% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Piper Sandler decreased 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. DA Davidson lowered their price objective 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. Finally, StockNews.com upgraded shares of Hope Bancorp from a "sell" rating to a "hold" rating in a research note on Friday, December 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average 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.