WINTON GROUP Ltd Increases Position in Hope Bancorp, Inc. (NASDAQ:HOPE)

WINTON GROUP Ltd increased its position in Hope Bancorp, Inc. (NASDAQ:HOPE) by 80.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 85,352 shares of the financial services provider’s stock after buying an additional 38,180 shares during the period. WINTON GROUP Ltd’s holdings in Hope Bancorp were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased its holdings in shares of Hope Bancorp by 181.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,553 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Hope Bancorp by 31.2% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider’s stock valued at $44,000 after buying an additional 848 shares during the last quarter. Quantbot Technologies LP acquired a new position in Hope Bancorp in the 3rd quarter worth approximately $58,000. KBC Group NV raised its position in Hope Bancorp by 36.6% during the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider’s stock worth $87,000 after buying an additional 1,901 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Hope Bancorp during the 4th quarter valued at approximately $133,000. Institutional investors and hedge funds own 84.00% of the company’s stock.

Insider Buying and Selling at Hope Bancorp

In related news, EVP Thomas Stenger sold 4,185 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 19,267 shares in the company, valued at $227,928.61. This represents a 17.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.29% of the company’s stock.

Hope Bancorp Price Performance

NASDAQ:HOPE opened at $10.42 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 12.71 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 quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The stock’s 50-day moving average price is $11.11 and its 200-day moving average price is $12.19.

Hope Bancorp (NASDAQ:HOPE) last issued its quarterly earnings data on Monday, January 27th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate 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 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, February 6th. Hope Bancorp’s payout ratio is 68.29%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HOPE shares. Piper Sandler cut their price objective on shares of Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, January 30th. StockNews.com raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 6th. Finally, DA Davidson decreased their price objective on Hope Bancorp from $15.50 to $14.50 and set a “buy” rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Hope Bancorp currently 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.