UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.52 Million Stock Holdings in Hope Bancorp, Inc. (NASDAQ:HOPE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 286,356 shares of the financial services provider's stock after buying an additional 66,076 shares during the quarter. 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 reporting period.

Several other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in Hope Bancorp by 181.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,553 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Hope Bancorp by 819.1% in the 4th quarter. Sterling Capital Management LLC now owns 3,713 shares of the financial services provider's stock worth $46,000 after purchasing an additional 3,309 shares during the last quarter. KBC Group NV grew its stake in shares of Hope Bancorp by 36.6% in the 4th 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. Cibc World Markets Corp bought a new stake in shares of Hope Bancorp in the 4th quarter worth approximately $133,000. Finally, Algert Global LLC bought a new stake in shares of Hope Bancorp in the 4th quarter worth approximately $135,000. Institutional investors and hedge funds own 84.00% of the company's stock.

Hope Bancorp Trading Up 3.0%

Shares of Hope Bancorp stock traded up $0.30 on Friday, reaching $10.23. 674,744 shares of the company were exchanged, compared to its average volume of 824,583. Hope Bancorp, Inc. has a fifty-two week low of $8.83 and a fifty-two week high of $14.54. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.48 and a beta of 0.89. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16. The stock has a fifty day moving average price of $9.93 and a 200-day moving average price of $11.15.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.01. Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%. The firm had revenue of $217.17 million for the quarter, compared to analysts' expectations of $114.97 million. During the same quarter last year, the business posted $0.23 EPS. On average, analysts expect that Hope Bancorp, Inc. will post 1.09 EPS for the current year.

Hope Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Friday, May 2nd. Hope Bancorp's dividend payout ratio (DPR) is currently 71.79%.

Wall Street Analyst Weigh In

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

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.