Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 49.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 101,614 shares of the financial services provider's stock after buying an additional 33,585 shares during the quarter. Deutsche Bank AG owned 0.08% of Hope Bancorp worth $1,249,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Cresset Asset Management LLC increased its holdings in shares of Hope Bancorp by 0.8% in the 4th quarter. Cresset Asset Management LLC now owns 118,700 shares of the financial services provider's stock valued at $1,459,000 after purchasing an additional 977 shares in the last quarter. Bridgeway Capital Management LLC increased its holdings in Hope Bancorp by 2.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 936,036 shares of the financial services provider's stock valued at $11,504,000 after acquiring an additional 21,082 shares in the last quarter. Algert Global LLC purchased a new position in Hope Bancorp during the 4th quarter valued at about $135,000. Rhino Investment Partners Inc increased its holdings in Hope Bancorp by 55.6% during the 4th quarter. Rhino Investment Partners Inc now owns 1,684,886 shares of the financial services provider's stock valued at $20,707,000 after acquiring an additional 601,876 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Hope Bancorp during the 4th quarter valued at about $193,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

Hope Bancorp Trading Down 0.4%

Shares of Hope Bancorp stock traded down $0.04 during mid-day trading on Friday, hitting $10.12. 32,538 shares of the stock were exchanged, compared to its average volume of 829,595. Hope Bancorp, Inc. has a twelve month low of $8.83 and a twelve month high of $14.54. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.35 and a beta of 0.88. The company has a 50-day simple moving average of $9.99 and a 200 day simple moving average of $11.33. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $114.97 million. During the same period last year, the company earned $0.23 EPS. Research analysts forecast that Hope Bancorp, Inc. will post 1.09 EPS for the current year.

Hope Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.56 annualized dividend and a dividend yield of 5.54%. Hope Bancorp's dividend payout ratio is presently 71.79%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HOPE shares. Piper Sandler dropped their target price on shares of Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, January 30th. Wall Street Zen upgraded shares of Hope Bancorp from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

About Hope Bancorp

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.