Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its holdings in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 26.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 SEC filing.

Several other hedge funds have also made changes to their positions in HOPE. Barclays PLC boosted its holdings in shares of Hope Bancorp by 109.9% during the third quarter. Barclays PLC now owns 253,437 shares of the financial services provider's stock worth $3,183,000 after purchasing an additional 132,677 shares during the last quarter. KBC Group NV boosted its holdings in shares of Hope Bancorp by 36.6% during the fourth quarter. KBC Group NV now owns 7,093 shares of the financial services provider's stock worth $87,000 after purchasing an additional 1,901 shares during the last quarter. EMC Capital Management raised its position in shares of 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 worth $363,000 after buying an additional 27,066 shares during the period. Empowered Funds LLC raised its position in shares of Hope Bancorp by 5.1% in the 4th quarter. Empowered Funds LLC now owns 431,536 shares of the financial services provider's stock worth $5,304,000 after buying an additional 21,082 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of 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 worth $8,291,000 after buying an additional 26,548 shares during the period. Institutional investors and hedge funds own 84.00% of the company's stock.

Wall Street Analyst Weigh In

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 Trading Down 0.6%

Shares of HOPE traded down $0.06 during trading hours on Friday, hitting $10.10. The stock had a trading volume of 671,253 shares, compared to its average volume of 833,362. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.96 and a current ratio of 0.97. The firm has a market cap of $1.29 billion, a P/E ratio of 12.32 and a beta of 0.88. The company's fifty day simple moving average is $9.98 and its 200 day simple moving average is $11.30. Hope Bancorp, Inc. has a 12-month low of $8.83 and a 12-month high of $14.54.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The business had revenue of $217.17 million for 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 last year, the company posted $0.23 EPS. Equities research analysts forecast that Hope Bancorp, Inc. will post 1.09 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

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

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.