Y Intercept Hong Kong Ltd Has $105,000 Stake in Hope Bancorp, Inc. (NASDAQ:HOPE)

Y Intercept Hong Kong Ltd reduced its stake in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 81.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,020 shares of the financial services provider's stock after selling 43,451 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Hope Bancorp were worth $105,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Sterling Capital Management LLC lifted its position in 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 buying an additional 3,309 shares in the last quarter. KBC Group NV increased its stake in shares of Hope Bancorp by 16.6% in the first quarter. KBC Group NV now owns 8,269 shares of the financial services provider's stock worth $87,000 after acquiring an additional 1,176 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hope Bancorp during the first quarter worth $105,000. Algert Global LLC acquired a new stake in Hope Bancorp during the fourth quarter valued at $135,000. Finally, Cerity Partners LLC grew its stake in Hope Bancorp by 14.7% in the first quarter. Cerity Partners LLC now owns 13,843 shares of the financial services provider's stock valued at $145,000 after purchasing an additional 1,772 shares in the last quarter. 84.00% of the stock is currently owned by institutional investors and hedge funds.

Hope Bancorp Price Performance

NASDAQ HOPE opened at $9.99 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.94 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.28 billion, a PE ratio of 28.54 and a beta of 0.90. Hope Bancorp, Inc. has a 12-month low of $8.82 and a 12-month high of $14.53. The company has a 50 day moving average price of $10.64 and a two-hundred day moving average price of $10.64.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $94.58 million during the quarter, compared to analyst estimates of $133.90 million. Hope Bancorp had a net margin of 4.27% and a return on equity of 4.45%. During the same period in the previous year, the firm posted $0.22 EPS. As a group, equities analysts predict that Hope Bancorp, Inc. will post 1.09 earnings per share for the current fiscal year.

Hope Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.6%. Hope Bancorp's dividend payout ratio is currently 160.00%.

Analyst Ratings Changes

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

About Hope Bancorp

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.

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