WINTON GROUP Ltd Purchases 38,180 Shares of Hope Bancorp, Inc. (NASDAQ:HOPE)

WINTON GROUP Ltd boosted its position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE) by 80.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,352 shares of the financial services provider’s stock after purchasing an additional 38,180 shares during the period. WINTON GROUP Ltd owned about 0.07% of Hope Bancorp worth $1,049,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of Hope Bancorp by 1.9% during the third quarter. State Street Corp now owns 6,152,656 shares of the financial services provider’s stock valued at $77,277,000 after buying an additional 112,824 shares during the period. Wellington Management Group LLP boosted its holdings in Hope Bancorp by 30.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,553,508 shares of the financial services provider’s stock valued at $57,192,000 after acquiring an additional 1,054,124 shares during the period. Geode Capital Management LLC grew its position in Hope Bancorp by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 2,842,056 shares of the financial services provider’s stock valued at $35,703,000 after acquiring an additional 48,237 shares during the last quarter. American Century Companies Inc. increased its stake in Hope Bancorp by 12.5% in the fourth quarter. American Century Companies Inc. now owns 2,552,914 shares of the financial services provider’s stock worth $31,375,000 after purchasing an additional 283,514 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Hope Bancorp by 1.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,374,629 shares of the financial services provider’s stock worth $29,184,000 after purchasing an additional 28,414 shares during the period. 84.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HOPE. DA Davidson cut their price target on shares of Hope Bancorp from $15.50 to $14.50 and set a “buy” rating on the stock in a report on Tuesday, January 28th. StockNews.com upgraded shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, December 6th. Finally, Piper Sandler reduced their target price on shares of Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.88.

Insider Activity

In related news, EVP Thomas Stenger sold 4,185 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $11.83, for a total transaction of $49,508.55. Following the sale, the executive vice president now owns 19,267 shares of the company’s stock, valued at $227,928.61. This trade represents a 17.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.29% of the company’s stock.

Hope Bancorp Stock Performance

HOPE stock opened at $10.42 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.96. Hope Bancorp, Inc. has a 1-year low of $9.80 and a 1-year high of $14.54. The business has a 50-day moving average price of $11.11 and a 200 day moving average price of $12.19. The company has a market capitalization of $1.26 billion, a P/E ratio of 12.71 and a beta of 1.15.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.84%. As a group, equities research analysts forecast that Hope Bancorp, Inc. will post 1.09 EPS for the current fiscal year.

Hope Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, February 6th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, February 6th. This represents a $0.56 annualized dividend and a yield of 5.37%. Hope Bancorp’s dividend payout ratio (DPR) is presently 68.29%.

Hope Bancorp Profile

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.