Cambiar Investors LLC decreased its position in Hope Bancorp, Inc. (NASDAQ:HOPE) by 17.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 682,007 shares of the financial services provider’s stock after selling 144,620 shares during the quarter. Cambiar Investors LLC owned about 0.50% of Hope Bancorp worth $12,078,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HOPE. Principal Financial Group Inc. grew its stake in shares of Hope Bancorp by 295.1% in the 2nd quarter. Principal Financial Group Inc. now owns 3,881,006 shares of the financial services provider’s stock valued at $72,381,000 after buying an additional 2,898,811 shares in the last quarter. Phocas Financial Corp. bought a new stake in shares of Hope Bancorp in the 2nd quarter valued at approximately $10,205,000. LSV Asset Management grew its stake in shares of Hope Bancorp by 114.6% in the 2nd quarter. LSV Asset Management now owns 697,303 shares of the financial services provider’s stock valued at $13,004,000 after buying an additional 372,403 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hope Bancorp by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,497,731 shares of the financial services provider’s stock valued at $139,835,000 after buying an additional 363,079 shares in the last quarter. Finally, Koch Industries Inc. bought a new stake in shares of Hope Bancorp in the 2nd quarter valued at approximately $309,000. 77.06% of the stock is owned by institutional investors and hedge funds.

HOPE has been the subject of several recent research reports. DA Davidson reissued a “buy” rating and issued a $21.00 price target on shares of Hope Bancorp in a research note on Monday, September 18th. ValuEngine raised Hope Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $19.00 price target on shares of Hope Bancorp in a research note on Thursday, September 7th. Zacks Investment Research cut Hope Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Hope Bancorp in a research note on Thursday, November 2nd. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $19.58.

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Shares of Hope Bancorp, Inc. (HOPE) traded up $0.30 during trading on Tuesday, reaching $17.33. The company’s stock had a trading volume of 767,800 shares, compared to its average volume of 541,705. The company has a market capitalization of $2,307.54, a PE ratio of 13.96, a P/E/G ratio of 1.42 and a beta of 1.40. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.58. Hope Bancorp, Inc. has a 52-week low of $15.10 and a 52-week high of $22.99.

Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $139.51 million during the quarter, compared to analysts’ expectations of $137.93 million. Hope Bancorp had a return on equity of 8.74% and a net margin of 26.16%. During the same quarter in the prior year, the business earned $0.22 earnings per share. analysts expect that Hope Bancorp, Inc. will post 1.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.13 per share. The ex-dividend date is Monday, October 30th. This represents a $0.52 dividend on an annualized basis and a yield of 3.00%. Hope Bancorp’s payout ratio is currently 43.33%.

In other news, EVP Jason K. Kim sold 5,739 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $18.17, for a total transaction of $104,277.63. Following the completion of the transaction, the executive vice president now directly owns 52,709 shares in the company, valued at $957,722.53. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donald Byun sold 101,026 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $16.45, for a total value of $1,661,877.70. The disclosure for this sale can be found here. Insiders have sold 162,174 shares of company stock valued at $2,808,891 in the last ninety days. Company insiders own 5.20% of the company’s stock.

Hope Bancorp Company Profile

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.

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Institutional Ownership by Quarter for Hope Bancorp (NASDAQ:HOPE)

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