Hope Bancorp, Inc. $HOPE Shares Purchased by Entropy Technologies LP

Entropy Technologies LP raised its position in Hope Bancorp, Inc. (NASDAQ:HOPE) by 276.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,548 shares of the financial services provider’s stock after acquiring an additional 46,663 shares during the quarter. Entropy Technologies LP’s holdings in Hope Bancorp were worth $710,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HoldCo Asset Management LP purchased a new stake in shares of Hope Bancorp in the 4th quarter valued at approximately $32,838,000. Millennium Management LLC raised its holdings in shares of Hope Bancorp by 366.8% in the 3rd quarter. Millennium Management LLC now owns 1,340,635 shares of the financial services provider’s stock valued at $14,439,000 after purchasing an additional 1,053,434 shares in the last quarter. UBS Group AG lifted its position in shares of Hope Bancorp by 73.5% during the 4th quarter. UBS Group AG now owns 1,972,716 shares of the financial services provider’s stock worth $21,621,000 after purchasing an additional 835,814 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Hope Bancorp by 44.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,310,967 shares of the financial services provider’s stock worth $14,368,000 after purchasing an additional 404,505 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hope Bancorp by 4.5% during the first quarter. Dimensional Fund Advisors LP now owns 7,367,855 shares of the financial services provider’s stock worth $82,298,000 after purchasing an additional 315,028 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Brean Capital raised Hope Bancorp from a “neutral” rating to a “buy” rating in a report on Wednesday, April 1st. DA Davidson lifted their price target on Hope Bancorp from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods upped their price objective on Hope Bancorp from $13.00 to $14.00 and gave the stock a “market perform” rating in a research report on Monday, April 6th. Weiss Ratings raised Hope Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. Finally, Zacks Research upgraded Hope Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.00.

Hope Bancorp Trading Up 2.2%

Shares of Hope Bancorp stock opened at $14.12 on Wednesday. The company has a fifty day simple moving average of $13.13 and a 200-day simple moving average of $12.28. Hope Bancorp, Inc. has a 12-month low of $9.44 and a 12-month high of $14.21. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 14.12 and a beta of 0.83.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Monday, July 27th. The financial services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. Hope Bancorp had a net margin of 12.53% and a return on equity of 5.71%. The firm had revenue of $147.82 million for the quarter, compared to the consensus estimate of $146.50 million. During the same period last year, the firm posted ($0.22) EPS. On average, equities analysts forecast that Hope Bancorp, Inc. will post 1.13 EPS for the current fiscal year.

Hope Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, August 6th. Hope Bancorp’s dividend payout ratio is currently 56.00%.

Insider Activity

In other Hope Bancorp news, Director Daisy Y. Ha sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $12.53, for a total transaction of $150,360.00. Following the transaction, the director owned 373,115 shares of the company’s stock, valued at approximately $4,675,130.95. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.27% of the company’s stock.

Key Hope Bancorp News

Here are the key news stories impacting Hope Bancorp this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations: Hope Bancorp reported adjusted earnings of $0.27 per share versus the $0.26 consensus estimate, while revenue of $147.82 million topped the $146.50 million forecast. Earnings also improved substantially from $0.19 per share a year earlier. Hope Bancorp Q2 earnings and revenues surpass estimates
• Positive Sentiment: Management provided ambitious growth targets: The bank expects approximately 20% loan growth in 2026, including contributions from the MANUBANK acquisition, and is targeting 25% to 30% growth in pre-provision net revenue. These targets support the bullish outlook, although execution will be important. Hope Bancorp growth outlook
• Positive Sentiment: Strategic acquisition expands capabilities: The MANUBANK transaction is expected to broaden Hope Bancorp’s platform and contribute to future loan growth, adding a potential catalyst beyond the quarterly earnings beat. Hope Bancorp Q2 results and strategic acquisition
• Neutral Sentiment: Dividend maintained: Hope Bancorp declared a quarterly dividend of $0.14 per share, or approximately $0.56 annualized, representing a stated yield of about 4.1%. The dividend supports income-oriented investors, while the August 6 ex-dividend date may influence near-term trading.

Hope Bancorp Profile

Hope Bancorp, Inc operates as the bank holding company for Hope Bank, a California-chartered financial institution serving small and middle-market businesses, professionals and affluent individuals. The company’s principal activities include accepting a variety of deposit products—such as checking accounts, savings and money market accounts, and time deposits—and extending commercial credit facilities. With a focus on community banking, Hope Bancorp tailors its offerings to meet the needs of clients in diverse industries, including real estate, professional services and import/export trade.

In its lending business, Hope Bancorp provides commercial real estate loans, construction financing, working capital lines of credit and equipment financing.