Flinton Capital Management LLC increased its stake in Hope Bancorp Inc (NASDAQ:HOPE) by 7.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,096 shares of the financial services provider’s stock after buying an additional 2,108 shares during the period. Flinton Capital Management LLC’s holdings in Hope Bancorp were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of HOPE. First Trust Advisors LP raised its holdings in shares of Hope Bancorp by 29.4% in the third quarter. First Trust Advisors LP now owns 321,966 shares of the financial services provider’s stock valued at $5,206,000 after buying an additional 73,096 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Hope Bancorp by 47.7% in the third quarter. Victory Capital Management Inc. now owns 74,998 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 24,236 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in shares of Hope Bancorp in the third quarter valued at about $700,000. O Shaughnessy Asset Management LLC bought a new position in shares of Hope Bancorp in the third quarter valued at about $438,000. Finally, LSV Asset Management raised its holdings in shares of Hope Bancorp by 0.5% in the third quarter. LSV Asset Management now owns 4,090,626 shares of the financial services provider’s stock valued at $66,145,000 after buying an additional 19,600 shares during the last quarter. Institutional investors own 86.70% of the company’s stock.
Hope Bancorp stock opened at $13.96 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. Hope Bancorp Inc has a 12-month low of $11.37 and a 12-month high of $19.36. The stock has a market capitalization of $1.75 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.16 and a beta of 1.52.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were given a $0.14 dividend. The ex-dividend date was Thursday, January 31st. This represents a $0.56 dividend on an annualized basis and a yield of 4.01%. Hope Bancorp’s payout ratio is 38.89%.
Separately, Zacks Investment Research raised Hope Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.50.
In related news, EVP Jason K. Kim sold 4,750 shares of Hope Bancorp stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $14.71, for a total value of $69,872.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Koh sold 6,000 shares of Hope Bancorp stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $14.92, for a total value of $89,520.00. Following the completion of the sale, the executive vice president now owns 54,687 shares of the company’s stock, valued at $815,930.04. The disclosure for this sale can be found here. 5.06% of the stock is owned by company insiders.
Hope Bancorp 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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