Hope Bancorp, Inc. (NASDAQ:HOPE) shares reached a new 52-week low on Thursday . The company traded as low as $15.29 and last traded at $15.29, with a volume of 479,154 shares trading hands. The stock had previously closed at $15.60.

A number of research analysts have recently weighed in on the company. ValuEngine cut Hope Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Piper Jaffray Companies lowered their price objective on Hope Bancorp from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 30th. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, May 30th. BidaskClub raised Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Wedbush reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Hope Bancorp in a research report on Tuesday, June 27th. Six investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average price target of $20.75.

The firm’s 50-day moving average price is $16.93 and its 200-day moving average price is $18.56. The company has a market cap of $2.06 billion, a PE ratio of 13.91 and a beta of 1.39.

Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.02. Hope Bancorp had a net margin of 24.38% and a return on equity of 8.45%. The firm had revenue of $132.94 million for the quarter, compared to analyst estimates of $136.80 million. Equities analysts predict that Hope Bancorp, Inc. will post $1.20 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a dividend of $0.13 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.33%. This is a boost from Hope Bancorp’s previous quarterly dividend of $0.12. Hope Bancorp’s dividend payout ratio is presently 47.71%.

In other Hope Bancorp news, Director Donald Byun sold 101,026 shares of the stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $16.45, for a total transaction of $1,661,877.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jason K. Kim sold 2,750 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $17.70, for a total value of $48,675.00. Following the transaction, the executive vice president now directly owns 70,729 shares of the company’s stock, valued at approximately $1,251,903.30. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in shares of Hope Bancorp by 49,191.5% in the first quarter. BlackRock Inc. now owns 15,769,350 shares of the financial services provider’s stock valued at $302,299,000 after purchasing an additional 15,737,358 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Hope Bancorp by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 537,822 shares of the financial services provider’s stock valued at $10,311,000 after purchasing an additional 41,209 shares during the last quarter. State Street Corp increased its holdings in shares of Hope Bancorp by 9.4% in the first quarter. State Street Corp now owns 4,768,202 shares of the financial services provider’s stock valued at $91,409,000 after purchasing an additional 411,326 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Hope Bancorp by 45.7% in the first quarter. Victory Capital Management Inc. now owns 2,108,798 shares of the financial services provider’s stock valued at $40,426,000 after purchasing an additional 661,045 shares during the last quarter. Finally, Kennedy Capital Management Inc. increased its holdings in shares of Hope Bancorp by 38.2% in the first quarter. Kennedy Capital Management Inc. now owns 1,633,153 shares of the financial services provider’s stock valued at $31,308,000 after purchasing an additional 451,183 shares during the last quarter. 79.47% of the stock is owned by hedge funds and other institutional investors.

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About Hope Bancorp

Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.