Two Sigma Investments LP Sells 125,041 Shares of Hope Bancorp, Inc. (NASDAQ:HOPE)

Two Sigma Investments LP trimmed its holdings in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 346,213 shares of the financial services provider's stock after selling 125,041 shares during the quarter. Two Sigma Investments LP owned about 0.29% of Hope Bancorp worth $4,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HOPE. Barclays PLC lifted its stake in shares of Hope Bancorp by 109.9% in the 3rd quarter. Barclays PLC now owns 253,437 shares of the financial services provider's stock valued at $3,183,000 after purchasing an additional 132,677 shares during the period. KBC Group NV increased its position in Hope Bancorp by 36.6% in the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider's stock valued at $87,000 after buying an additional 1,901 shares in the last quarter. EMC Capital Management increased its position in Hope Bancorp by 1,082.6% in the 4th quarter. EMC Capital Management now owns 29,566 shares of the financial services provider's stock valued at $363,000 after buying an additional 27,066 shares in the last quarter. Empowered Funds LLC increased its position in Hope Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 431,536 shares of the financial services provider's stock valued at $5,304,000 after buying an additional 21,082 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Hope Bancorp by 4.1% in the 4th quarter. Principal Financial Group Inc. now owns 674,643 shares of the financial services provider's stock valued at $8,291,000 after buying an additional 26,548 shares in the last quarter. 84.00% of the stock is owned by institutional investors and hedge funds.

Hope Bancorp Stock Down 1.5%

Hope Bancorp stock traded down $0.15 during midday trading on Monday, reaching $9.89. The stock had a trading volume of 786,955 shares, compared to its average volume of 834,531. Hope Bancorp, Inc. has a 12 month low of $8.83 and a 12 month high of $14.54. The company has a market capitalization of $1.27 billion, a P/E ratio of 12.06 and a beta of 0.88. The company has a fifty day moving average price of $9.97 and a two-hundred day moving average price of $11.25. 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 issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. The firm had revenue of $217.17 million during the quarter, compared to analyst estimates of $114.97 million. Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%. During the same period in the previous year, the company posted $0.23 EPS. As a group, equities analysts expect that Hope Bancorp, Inc. will post 1.09 EPS for the current fiscal year.

Hope Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date was Friday, May 2nd. Hope Bancorp's dividend payout ratio is currently 71.79%.

Analyst Ratings Changes

Separately, Wall Street Zen raised Hope Bancorp from a "sell" rating to a "hold" rating in a research report on Monday, May 12th.

Hope Bancorp 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.