Quantbot Technologies LP Acquires 25,488 Shares of Hope Bancorp, Inc. (NASDAQ:HOPE)

Quantbot Technologies LP boosted its holdings in shares of Hope Bancorp, Inc. (NASDAQ:HOPE) by 547.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,143 shares of the financial services provider’s stock after purchasing an additional 25,488 shares during the period. Quantbot Technologies LP’s holdings in Hope Bancorp were worth $370,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Hope Bancorp by 181.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider’s stock worth $29,000 after buying an additional 1,553 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Hope Bancorp by 31.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 848 shares in the last quarter. KBC Group NV lifted its holdings in shares of Hope Bancorp by 36.6% during the fourth quarter. KBC Group NV now owns 7,093 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 1,901 shares during the period. Cibc World Markets Corp acquired a new stake in shares of Hope Bancorp in the 4th quarter valued at $133,000. Finally, Quantinno Capital Management LP grew its holdings in shares of Hope Bancorp by 8.5% in the 3rd quarter. Quantinno Capital Management LP now owns 11,729 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 919 shares during the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Hope Bancorp

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.29% of the stock is owned by company insiders.

Hope Bancorp Trading Down 2.1 %

HOPE opened at $10.42 on Friday. Hope Bancorp, Inc. has a 1-year low of $9.80 and a 1-year high of $14.54. The firm has a 50-day moving average price of $11.11 and a two-hundred day moving average price of $12.19. The stock has a market capitalization of $1.26 billion, a PE ratio of 12.71 and a beta of 1.15. 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 (NASDAQ:HOPE) last issued its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%. As a group, equities analysts anticipate that Hope Bancorp, Inc. will post 1.09 earnings per share for the current fiscal year.

Hope Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Thursday, February 6th. Hope Bancorp’s dividend payout ratio (DPR) is presently 68.29%.

Analyst Ratings Changes

Several brokerages recently issued reports on HOPE. StockNews.com raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Friday, December 6th. DA Davidson reduced their target price on Hope Bancorp from $15.50 to $14.50 and set a “buy” rating on the stock in a report on Tuesday, January 28th. Finally, Piper Sandler dropped 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 investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.