Susquehanna Fundamental Investments LLC bought a new stake in Hope Bancorp Inc (NASDAQ:HOPE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 67,893 shares of the financial services provider’s stock, valued at approximately $805,000. Susquehanna Fundamental Investments LLC owned approximately 0.05% of Hope Bancorp at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. First Trust Advisors LP raised its position in shares of Hope Bancorp by 28.9% in the fourth quarter. First Trust Advisors LP now owns 415,027 shares of the financial services provider’s stock valued at $4,922,000 after purchasing an additional 93,061 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hope Bancorp by 8.0% in the third quarter. Dimensional Fund Advisors LP now owns 9,953,027 shares of the financial services provider’s stock valued at $160,940,000 after purchasing an additional 739,692 shares during the period. Rhumbline Advisers raised its position in shares of Hope Bancorp by 18.2% in the fourth quarter. Rhumbline Advisers now owns 395,881 shares of the financial services provider’s stock valued at $4,695,000 after purchasing an additional 61,019 shares during the period. Stilwell Value LLC bought a new stake in Hope Bancorp during the 4th quarter worth approximately $3,986,000. Finally, Marshall Wace LLP bought a new stake in Hope Bancorp during the 3rd quarter worth approximately $6,454,000. Hedge funds and other institutional investors own 88.14% of the company’s stock.
Hope Bancorp stock traded down $0.05 during midday trading on Wednesday, reaching $13.71. 9,625 shares of the stock were exchanged, compared to its average volume of 650,041. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.80 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 1.19 and a beta of 1.52. Hope Bancorp Inc has a 52 week low of $11.37 and a 52 week high of $19.23.
Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Tuesday, January 22nd. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.35. The business had revenue of $133.51 million for the quarter, compared to analyst estimates of $136.14 million. Hope Bancorp had a net margin of 26.69% and a return on equity of 9.92%. During the same quarter in the prior year, the firm posted $0.32 EPS. Research analysts forecast that Hope Bancorp Inc will post 1.49 earnings per share for the current year.
In other Hope Bancorp news, EVP Jason K. Kim sold 4,750 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $14.71, for a total value of $69,872.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter Koh sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $14.92, for a total transaction of $89,520.00. Following the completion of the transaction, the executive vice president now directly owns 54,687 shares of the company’s stock, valued at approximately $815,930.04. The disclosure for this sale can be found here. Corporate insiders own 5.06% of the company’s stock.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hope Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, March 7th. ValuEngine lowered shares of Hope Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.50.
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Hope Bancorp Company Profile
Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services primarily to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.
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