27,100 Shares in Hope Bancorp, Inc. $HOPE Acquired by Versor Investments LP

Key Points

• Versor Investments LP has invested approximately $284,000 in Hope Bancorp, acquiring 27,100 shares during the first quarter of the year.
• Hope Bancorp reported a loss of $0.22 EPS for its most recent quarter, missing analysts' estimates by $0.43.
• The company has declared a quarterly dividend of $0.14 per share, with an annual yield of 5.4% despite a high dividend payout ratio of 160%.

Versor Investments LP bought a new stake in Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,100 shares of the financial services provider's stock, valued at approximately $284,000.

Other hedge funds have also recently made changes to their positions in the company. Cresset Asset Management LLC grew its position in Hope Bancorp by 0.8% during the fourth quarter. Cresset Asset Management LLC now owns 118,700 shares of the financial services provider's stock worth $1,459,000 after buying an additional 977 shares in the last quarter. KBC Group NV lifted its stake in Hope Bancorp by 16.6% during the first quarter. KBC Group NV now owns 8,269 shares of the financial services provider's stock worth $87,000 after purchasing an additional 1,176 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in Hope Bancorp by 1.7% during the first quarter. SummerHaven Investment Management LLC now owns 72,836 shares of the financial services provider's stock worth $763,000 after purchasing an additional 1,233 shares during the last quarter. Cerity Partners LLC lifted its stake in Hope Bancorp by 14.7% during the first quarter. Cerity Partners LLC now owns 13,843 shares of the financial services provider's stock worth $145,000 after purchasing an additional 1,772 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Hope Bancorp by 15.2% in the 4th quarter. Quantinno Capital Management LP now owns 13,515 shares of the financial services provider's stock valued at $166,000 after acquiring an additional 1,786 shares during the last quarter. 84.00% of the stock is currently owned by institutional investors.

Hope Bancorp Stock Up 0.7%

Shares of NASDAQ:HOPE traded up $0.08 during trading on Tuesday, hitting $11.08. The stock had a trading volume of 245,000 shares, compared to its average volume of 936,609. Hope Bancorp, Inc. has a 12 month low of $8.82 and a 12 month high of $14.53. The company has a market capitalization of $1.42 billion, a PE ratio of 31.62 and a beta of 0.94. The firm's fifty day moving average is $10.68 and its 200 day moving average is $10.43. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.06.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.43). Hope Bancorp had a return on equity of 4.45% and a net margin of 4.27%.The firm had revenue of $94.58 million during the quarter, compared to the consensus estimate of $133.90 million. During the same period in the prior year, the company posted $0.22 EPS. Analysts anticipate that Hope Bancorp, Inc. will post 1.09 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $0.14 dividend. The ex-dividend date was Friday, August 1st. This represents a $0.56 annualized dividend and a dividend yield of 5.1%. Hope Bancorp's dividend payout ratio is presently 160.00%.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Hope Bancorp from a "sell" rating to a "hold" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Hope Bancorp presently has a consensus rating of "Moderate Buy" and an average price target of $13.25.

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.