Hope Bancorp, Inc. (NASDAQ:HOPE) Director Daisy Y. Ha Sells 27,104 Shares

Hope Bancorp, Inc. (NASDAQ:HOPE) Director Daisy Y. Ha sold 27,104 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $13.83, for a total transaction of $374,848.32. Following the completion of the transaction, the director now owns 446,806 shares in the company, valued at $6,179,326.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Hope Bancorp Stock Performance

Shares of NASDAQ HOPE opened at $13.52 on Friday. The firm’s fifty day moving average is $12.61 and its two-hundred day moving average is $11.70. Hope Bancorp, Inc. has a 52-week low of $9.02 and a 52-week high of $14.53. The company has a market cap of $1.63 billion, a P/E ratio of 16.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.95 and a current ratio of 0.96.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). Hope Bancorp had a net margin of 9.81% and a return on equity of 5.52%. The firm had revenue of $246.92 million for the quarter, compared to analysts’ expectations of $121.67 million. During the same quarter in the prior year, the business earned $0.25 EPS. As a group, analysts anticipate that Hope Bancorp, Inc. will post 0.85 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, November 7th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.14%. The ex-dividend date is Thursday, November 7th. Hope Bancorp’s dividend payout ratio is presently 66.67%.

Hedge Funds Weigh In On Hope Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. nVerses Capital LLC bought a new position in shares of Hope Bancorp during the 3rd quarter valued at approximately $48,000. SageView Advisory Group LLC bought a new position in Hope Bancorp during the 1st quarter valued at about $49,000. Fifth Third Bancorp raised its position in Hope Bancorp by 149.5% in the 2nd quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 3,163 shares during the period. CWM LLC grew its stake in shares of Hope Bancorp by 15.7% during the third quarter. CWM LLC now owns 9,109 shares of the financial services provider’s stock valued at $114,000 after buying an additional 1,238 shares during the last quarter. Finally, Choreo LLC purchased a new position in Hope Bancorp during the 2nd quarter valued at $108,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HOPE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on Hope Bancorp from $12.00 to $14.00 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. StockNews.com cut Hope Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, October 29th.

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.