Strs Ohio increased its position in shares of Hope Bancorp Inc (NASDAQ:HOPE) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,700 shares of the financial services provider’s stock after purchasing an additional 2,600 shares during the period. Strs Ohio owned 0.06% of Hope Bancorp worth $874,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in HOPE. California Public Employees Retirement System raised its holdings in Hope Bancorp by 8.1% during the second quarter. California Public Employees Retirement System now owns 468,014 shares of the financial services provider’s stock worth $8,345,000 after purchasing an additional 35,019 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Hope Bancorp by 239.0% in the second quarter. Public Employees Retirement System of Ohio now owns 100,722 shares of the financial services provider’s stock valued at $1,796,000 after buying an additional 71,007 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Hope Bancorp by 0.8% in the second quarter. Northern Trust Corp now owns 3,170,038 shares of the financial services provider’s stock valued at $56,523,000 after buying an additional 25,887 shares in the last quarter. First Hawaiian Bank bought a new position in shares of Hope Bancorp in the third quarter valued at $562,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Hope Bancorp by 47.2% in the third quarter. Nisa Investment Advisors LLC now owns 26,654 shares of the financial services provider’s stock valued at $431,000 after buying an additional 8,550 shares in the last quarter. 87.95% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ HOPE opened at $14.52 on Wednesday. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.22 and a beta of 1.57. Hope Bancorp Inc has a 1 year low of $11.37 and a 1 year high of $19.48. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.
Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Hope Bancorp had a return on equity of 9.92% and a net margin of 26.69%. The company had revenue of $133.51 million for the quarter, compared to analysts’ expectations of $136.14 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. As a group, analysts anticipate that Hope Bancorp Inc will post 1.49 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Shareholders of record on Friday, February 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.86%. The ex-dividend date of this dividend is Thursday, January 31st. Hope Bancorp’s dividend payout ratio (DPR) is currently 38.89%.
Several research firms have issued reports on HOPE. TheStreet cut Hope Bancorp from a “b-” rating to a “c+” rating in a report on Friday, October 26th. Sandler O’Neill set a $16.00 price target on Hope Bancorp and gave the company a “hold” rating in a report on Wednesday, October 17th. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. DA Davidson dropped their price target on Hope Bancorp to $16.00 and set a “neutral” rating on the stock in a report on Thursday, October 18th. Finally, ValuEngine cut Hope Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Hope Bancorp currently has a consensus rating of “Hold” and a consensus price target of $17.25.
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Hope Bancorp Company Profile
Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services primarily to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.
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