Hope Bancorp, Inc. (NASDAQ:HOPE) EVP Angelee Harris Sells 3,000 Shares

Hope Bancorp, Inc. (NASDAQ:HOPE) EVP Angelee Harris sold 3,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.16, for a total value of $42,480.00. Following the transaction, the executive vice president now owns 19,795 shares in the company, valued at approximately $280,297.20. This trade represents a 13.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Angelee Harris also recently made the following trade(s):

• On Wednesday, September 4th, Angelee Harris sold 1,500 shares of Hope Bancorp stock. The shares were sold at an average price of $12.48, for a total value of $18,720.00.

Hope Bancorp Trading Down 0.2 %

Shares of Hope Bancorp stock opened at $13.77 on Thursday. Hope Bancorp, Inc. has a 1 year low of $9.45 and a 1 year high of $14.53. The firm has a market cap of $1.66 billion, a PE ratio of 16.39 and a beta of 1.13. The stock has a fifty day moving average price of $12.93 and a 200-day moving average price of $11.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.96 and a quick ratio of 0.96.

Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Monday, October 28th. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Hope Bancorp had a net margin of 9.81% and a return on equity of 5.52%. The business had revenue of $246.92 million for the quarter, compared to analysts’ expectations of $121.67 million. During the same period in the prior year, the business earned $0.25 earnings per share. Equities research analysts anticipate that Hope Bancorp, Inc. will post 0.85 EPS for the current year.

Hope Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.07%. The ex-dividend date was Thursday, November 7th. Hope Bancorp’s dividend payout ratio is presently 66.67%.

Institutional Investors Weigh In On Hope Bancorp

Large investors have recently added to or reduced their stakes in the company. nVerses Capital LLC purchased a new stake in Hope Bancorp in the 3rd quarter worth about $48,000. Fifth Third Bancorp increased its holdings in Hope Bancorp by 149.5% in the 2nd quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 3,163 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Hope Bancorp in the 3rd quarter worth about $58,000. Choreo LLC purchased a new stake in Hope Bancorp in the 2nd quarter worth about $108,000. Finally, AE Wealth Management LLC purchased a new stake in Hope Bancorp in the 2nd quarter worth about $112,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Hope Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st.

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.