First Trust Advisors LP lifted its holdings in Hope Bancorp, Inc. (NASDAQ:HOPE – Get Rating) by 60.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 436,529 shares of the financial services provider’s stock after acquiring an additional 164,620 shares during the period. First Trust Advisors LP owned 0.37% of Hope Bancorp worth $5,592,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in HOPE. Quadrant Capital Group LLC raised its position in Hope Bancorp by 169.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,816 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,770 shares during the period. Ronald Blue Trust Inc. increased its position in shares of Hope Bancorp by 56.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 2,942 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 1,057 shares during the period. Royal Bank of Canada increased its position in shares of Hope Bancorp by 67.9% during the third quarter. Royal Bank of Canada now owns 4,092 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,655 shares during the period. Advisor Group Holdings Inc. increased its position in shares of Hope Bancorp by 51.3% during the first quarter. Advisor Group Holdings Inc. now owns 3,873 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,313 shares during the period. Finally, SVB Wealth LLC purchased a new position in shares of Hope Bancorp during the third quarter worth approximately $133,000. Institutional investors own 84.30% of the company’s stock.
Hope Bancorp Price Performance
Shares of HOPE opened at $8.35 on Friday. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 5.09 and a beta of 1.15. Hope Bancorp, Inc. has a twelve month low of $7.42 and a twelve month high of $15.73. The company has a quick ratio of 1.08, a current ratio of 1.09 and a debt-to-equity ratio of 1.19. The company has a 50 day moving average of $9.08 and a two-hundred day moving average of $11.57.
Hope Bancorp Announces Dividend
Insider Buying and Selling at Hope Bancorp
In other news, Director William J. Lewis bought 10,000 shares of the stock in a transaction on Wednesday, March 15th. The stock was bought at an average cost of $10.60 per share, for a total transaction of $106,000.00. Following the completion of the purchase, the director now directly owns 27,887 shares in the company, valued at $295,602.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Dale S. Zuehls acquired 12,402 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was acquired at an average cost of $8.09 per share, for a total transaction of $100,332.18. Following the completion of the purchase, the director now owns 35,003 shares of the company’s stock, valued at approximately $283,174.27. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director William J. Lewis acquired 10,000 shares of the stock in a transaction dated Wednesday, March 15th. The shares were bought at an average price of $10.60 per share, with a total value of $106,000.00. Following the completion of the purchase, the director now directly owns 27,887 shares of the company’s stock, valued at approximately $295,602.20. The disclosure for this purchase can be found here. 5.05% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on HOPE shares. Keefe, Bruyette & Woods reduced their target price on shares of Hope Bancorp from $14.00 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, April 6th. TheStreet downgraded shares of Hope Bancorp from a “b-” rating to a “c+” rating in a research note on Thursday, May 4th. Finally, StockNews.com upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Friday.
Hope Bancorp Profile
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Hope Bancorp (HOPE)
- Big Lots Becomes A Stomach Churning Value Play
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
Want to see what other hedge funds are holding HOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hope Bancorp, Inc. (NASDAQ:HOPE – Get Rating).
Receive News & Ratings for Hope Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hope Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
