Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 239,597 Hope Bancorp, Inc. (NASDAQ:HOPE)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 239,597 shares of the financial services provider's stock, valued at approximately $2,945,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of Hope Bancorp as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Barclays PLC boosted its holdings in Hope Bancorp by 109.9% in the 3rd quarter. Barclays PLC now owns 253,437 shares of the financial services provider's stock worth $3,183,000 after buying an additional 132,677 shares during the period. Deutsche Bank AG boosted its holdings in Hope Bancorp by 49.4% in the 4th quarter. Deutsche Bank AG now owns 101,614 shares of the financial services provider's stock worth $1,249,000 after buying an additional 33,585 shares during the period. Bank of New York Mellon Corp boosted its holdings in Hope Bancorp by 15.4% in the 4th quarter. Bank of New York Mellon Corp now owns 1,798,213 shares of the financial services provider's stock worth $22,100,000 after buying an additional 240,192 shares during the period. Principal Financial Group Inc. boosted its holdings 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 worth $8,291,000 after buying an additional 26,548 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new position in Hope Bancorp in the 4th quarter worth approximately $657,000. Hedge funds and other institutional investors own 84.00% of the company's stock.

Hope Bancorp Stock Performance

HOPE traded up $0.30 on Friday, hitting $10.23. The company's stock had a trading volume of 674,744 shares, compared to its average volume of 833,465. The company's 50 day simple moving average is $9.93 and its 200-day simple moving average is $11.18. The firm has a market cap of $1.31 billion, a P/E ratio of 12.48 and a beta of 0.89. Hope Bancorp, Inc. has a 12 month low of $8.83 and a 12 month high of $14.54. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.18 by $0.01. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%. The firm had revenue of $217.17 million during the quarter, compared to the consensus estimate of $114.97 million. During the same period last year, the firm earned $0.23 EPS. Analysts forecast that Hope Bancorp, Inc. will post 1.09 EPS for the current year.

Hope Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.47%. The ex-dividend date was Friday, May 2nd. Hope Bancorp's payout ratio is 71.79%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Hope Bancorp from a "sell" rating to a "hold" rating in a 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.