Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its stake in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 79.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,852 shares of the financial services provider's stock after selling 63,123 shares during the quarter. BNP Paribas Financial Markets' holdings in Hope Bancorp were worth $195,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in Hope Bancorp by 181.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 1,553 shares during the last quarter. Legal & General Group Plc boosted its stake in Hope Bancorp by 0.5% during the 4th quarter. Legal & General Group Plc now owns 339,560 shares of the financial services provider's stock valued at $4,173,000 after acquiring an additional 1,560 shares during the last quarter. KBC Group NV boosted its stake 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 valued at $87,000 after acquiring an additional 1,901 shares during the last quarter. LPL Financial LLC boosted its stake in Hope Bancorp by 11.1% during the 4th quarter. LPL Financial LLC now owns 24,498 shares of the financial services provider's stock valued at $301,000 after acquiring an additional 2,443 shares during the last quarter. Finally, Barclays PLC boosted its stake in Hope Bancorp by 1.1% during the 4th quarter. Barclays PLC now owns 256,264 shares of the financial services provider's stock valued at $3,149,000 after acquiring an additional 2,827 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Hope Bancorp from a "sell" rating to a "hold" rating in a research note on Monday, May 12th.

Hope Bancorp Stock Performance

Shares of Hope Bancorp stock traded up $0.20 during trading hours on Tuesday, reaching $10.09. The company's stock had a trading volume of 606,663 shares, compared to its average volume of 834,198. The company's 50 day simple moving average is $9.96 and its 200 day simple moving average is $11.24. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.97. Hope Bancorp, Inc. has a one year low of $8.83 and a one year high of $14.54. The stock has a market cap of $1.29 billion, a P/E ratio of 12.31 and a beta of 0.88.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%. The company had revenue of $217.17 million for the quarter, compared to the consensus estimate of $114.97 million. During the same period last year, the firm posted $0.23 EPS. As a group, analysts expect that Hope Bancorp, Inc. will post 1.09 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.55%. Hope Bancorp's dividend payout ratio (DPR) is presently 71.79%.

Hope Bancorp Company 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.