Hope Bancorp, Inc. $HOPE Holdings Boosted by Rhino Investment Partners Inc

Rhino Investment Partners Inc grew its stake in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,595,281 shares of the financial services provider's stock after purchasing an additional 232,783 shares during the quarter. Hope Bancorp makes up 8.1% of Rhino Investment Partners Inc's holdings, making the stock its biggest position. Rhino Investment Partners Inc owned about 2.03% of Hope Bancorp worth $28,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. AlphaQuest LLC lifted its stake in shares of Hope Bancorp by 159.4% in the 4th quarter. AlphaQuest LLC now owns 189,175 shares of the financial services provider's stock valued at $2,073,000 after purchasing an additional 116,252 shares during the last quarter. UBS Group AG increased its stake in Hope Bancorp by 73.5% during the fourth 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 period. Fifth Third Bancorp lifted its position in shares of Hope Bancorp by 9,776.2% during the first quarter. Fifth Third Bancorp now owns 143,303 shares of the financial services provider's stock worth $1,601,000 after purchasing an additional 141,852 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Hope Bancorp during the fourth quarter worth about $595,000. Finally, SG Americas Securities LLC boosted its stake in shares of Hope Bancorp by 83.4% in the first quarter. SG Americas Securities LLC now owns 93,360 shares of the financial services provider's stock valued at $1,043,000 after purchasing an additional 42,456 shares during the period. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Hope Bancorp News Roundup

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.

Wall Street Analyst Weigh In

HOPE has been the topic of several recent research reports. Keefe, Bruyette & Woods upped their price target on Hope Bancorp from $13.00 to $14.00 and gave the stock a "market perform" rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of Hope Bancorp from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, May 26th. DA Davidson raised their target price on shares of Hope Bancorp from $15.00 to $16.00 and gave the company a "buy" rating in a report on Tuesday. Zacks Research upgraded shares of Hope Bancorp from a "strong sell" rating to a "hold" rating in a report on Tuesday, March 31st. Finally, Brean Capital raised shares of Hope Bancorp from a "neutral" rating to a "buy" rating in a research report on Wednesday, April 1st. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Hope Bancorp currently has a consensus rating of "Hold" and an average target price of $15.00.

Insider Activity

In related news, Director Daisy Y. Ha sold 12,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $12.53, for a total value of $150,360.00. Following the transaction, the director directly owned 373,115 shares of the company's stock, valued at $4,675,130.95. This trade represents a 3.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.27% of the company's stock.

Hope Bancorp Trading Up 2.2%

HOPE opened at $14.12 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.98. Hope Bancorp, Inc. has a one year low of $9.44 and a one year high of $14.21. The company has a market cap of $1.81 billion, a P/E ratio of 14.12 and a beta of 0.83. The business's 50-day simple moving average is $13.13 and its 200-day simple moving average is $12.28.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The firm had revenue of $147.82 million during the quarter, compared to the consensus estimate of $146.50 million. Hope Bancorp had a return on equity of 5.71% and a net margin of 12.53%.During the same period in the prior year, the company posted ($0.22) earnings per share. As a group, equities research analysts expect 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. Stockholders of record on Thursday, August 6th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, August 6th. Hope Bancorp's payout ratio is currently 56.00%.

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.

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