Hope Bancorp, Inc. (NASDAQ:HOPE) Stock Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 30.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,356 shares of the financial services provider's stock after acquiring an additional 66,076 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.24% of Hope Bancorp worth $3,519,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of HOPE. Rhino Investment Partners Inc lifted its holdings in Hope Bancorp by 55.6% in the fourth quarter. Rhino Investment Partners Inc now owns 1,684,886 shares of the financial services provider's stock worth $20,707,000 after acquiring an additional 601,876 shares during the last quarter. Invesco Ltd. lifted its holdings in Hope Bancorp by 72.8% in the fourth quarter. Invesco Ltd. now owns 1,339,171 shares of the financial services provider's stock worth $16,458,000 after acquiring an additional 564,014 shares during the last quarter. Norges Bank bought a new position in Hope Bancorp in the fourth quarter worth about $4,001,000. American Century Companies Inc. raised its holdings in shares of Hope Bancorp by 12.5% during the fourth quarter. American Century Companies Inc. now owns 2,552,914 shares of the financial services provider's stock valued at $31,375,000 after buying an additional 283,514 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Hope Bancorp by 15.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,798,213 shares of the financial services provider's stock valued at $22,100,000 after buying an additional 240,192 shares during the last quarter. Institutional investors own 84.00% of the company's stock.

Analysts Set New Price Targets

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

Hope Bancorp Stock Performance

Shares of HOPE traded up $0.30 during mid-day trading on Friday, reaching $10.23. 674,744 shares of the company's stock traded hands, compared to its average volume of 824,583. The business's 50-day moving average price is $9.93 and its 200-day moving average price is $11.17. The stock has a market capitalization of $1.31 billion, a P/E ratio of 12.48 and a beta of 0.89. 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 12 month low of $8.83 and a 12 month high of $14.54.

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 for the quarter, beating analysts' consensus estimates of $0.18 by $0.01. The company had revenue of $217.17 million for the quarter, compared to analysts' expectations of $114.97 million. Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%. During the same quarter in the previous year, the company posted $0.23 earnings per share. Equities analysts predict that Hope Bancorp, Inc. will post 1.09 earnings per share for the current year.

Hope Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.56 annualized dividend and a yield of 5.47%. Hope Bancorp's payout ratio is 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.