Mutual of America Capital Management LLC Has $300,000 Holdings in Hope Bancorp, Inc. (NASDAQ:HOPE)

Posted by Defense World Staff on Feb 15th, 2023

Mutual of America Capital Management LLC lifted its holdings in Hope Bancorp, Inc. (NASDAQ:HOPE – Get Rating) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,770 shares of the financial services provider’s stock after purchasing an additional 3,549 shares during the period. Mutual of America Capital Management LLC’s holdings in Hope Bancorp were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HOPE. Advisor Group Holdings Inc. lifted its stake in shares of Hope Bancorp by 51.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,873 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 1,313 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Hope Bancorp by 4.3% in the 1st quarter. Citigroup Inc. now owns 118,438 shares of the financial services provider’s stock valued at $1,904,000 after purchasing an additional 4,897 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of Hope Bancorp by 39.8% in the 1st quarter. Natixis Advisors L.P. now owns 19,861 shares of the financial services provider’s stock valued at $319,000 after purchasing an additional 5,651 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Hope Bancorp by 57.3% in the 1st quarter. Bank of Montreal Can now owns 70,698 shares of the financial services provider’s stock valued at $1,184,000 after purchasing an additional 25,743 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its stake in shares of Hope Bancorp by 70.6% in the 1st quarter. MetLife Investment Management LLC now owns 61,401 shares of the financial services provider’s stock valued at $987,000 after purchasing an additional 25,417 shares during the last quarter. Institutional investors and hedge funds own 84.30% of the company’s stock.

Hope Bancorp Stock Down 0.4 %

Hope Bancorp stock opened at $13.22 on Wednesday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 7.30 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 1.00. Hope Bancorp, Inc. has a fifty-two week low of $12.06 and a fifty-two week high of $17.33. The firm has a fifty day moving average price of $12.94 and a two-hundred day moving average price of $13.60.

Hope Bancorp (NASDAQ:HOPE – Get Rating) last released its earnings results on Tuesday, January 24th. The financial services provider reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The firm had revenue of $236.35 million for the quarter, compared to analyst estimates of $168.70 million. Hope Bancorp had a return on equity of 10.86% and a net margin of 28.44%. During the same period in the prior year, the firm earned $0.43 EPS. As a group, analysts forecast that Hope Bancorp, Inc. will post 1.52 earnings per share for the current year.

Hope Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Stockholders of record on Thursday, February 2nd will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, February 1st. This represents a $0.56 annualized dividend and a dividend yield of 4.24%. Hope Bancorp’s payout ratio is 30.94%.

Analyst Upgrades and Downgrades

Separately, DA Davidson lifted their price objective on shares of Hope Bancorp to $14.00 in a research note on Thursday, October 27th.

Hope Bancorp Company Profile

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Hope Bancorp, Inc is a bank holding company, which engages in the provision of financial services through its subsidiary, Bank of Hope. It offers core business banking products for small and medium-sized businesses and individuals. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card, and mortgage loans.