Hope Bancorp, Inc. (NASDAQ:HOPE) Shares Sold by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. cut its stake in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,734,784 shares of the financial services provider's stock after selling 209,502 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 5.58% of Hope Bancorp worth $82,770,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of HOPE. Smartleaf Asset Management LLC boosted its position in Hope Bancorp by 181.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,553 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in shares of Hope Bancorp by 31.2% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider's stock valued at $44,000 after acquiring an additional 848 shares in the last quarter. Sterling Capital Management LLC grew 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 purchasing an additional 3,309 shares during the period. KBC Group NV grew its position in 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 period. Finally, Cibc World Markets Corp bought a new stake in Hope Bancorp in the 4th quarter worth approximately $133,000. 84.00% of the stock is currently owned by institutional investors.

Insider Activity

In other Hope Bancorp news, EVP Thomas Stenger sold 4,185 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $11.83, for a total value of $49,508.55. Following the transaction, the executive vice president now owns 19,267 shares in the company, valued at approximately $227,928.61. This trade represents a 17.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 5.16% of the company's stock.

Hope Bancorp Stock Up 1.1 %

Shares of HOPE traded up $0.11 during midday trading on Tuesday, reaching $10.08. 233,070 shares of the stock were exchanged, compared to its average volume of 821,383. Hope Bancorp, Inc. has a 52 week low of $8.83 and a 52 week high of $14.54. The company's 50 day moving average is $10.17 and its two-hundred day moving average is $11.74. The company has a market capitalization of $1.22 billion, a P/E ratio of 12.26 and a beta of 0.96. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.16.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $114.97 million. During the same period last year, the firm posted $0.23 EPS. On average, sell-side analysts anticipate 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 will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Friday, May 2nd. Hope Bancorp's dividend payout ratio (DPR) is 71.79%.

Analyst Ratings Changes

Several research firms recently weighed in on HOPE. DA Davidson lowered their target price on Hope Bancorp from $15.50 to $14.50 and set a "buy" rating on the stock in a research report on Tuesday, January 28th. StockNews.com downgraded Hope Bancorp from a "hold" rating to a "sell" rating in a research report on Thursday, April 24th. Finally, Piper Sandler dropped their price target on Hope Bancorp from $13.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, January 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $12.88.

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.