Schwab Charles Investment Management Inc. increased its stake in Hope Bancorp Inc (NASDAQ:HOPE) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 574,310 shares of the financial services provider’s stock after buying an additional 31,357 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.42% of Hope Bancorp worth $10,172,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Commonwealth Equity Services Inc bought a new stake in Hope Bancorp in the third quarter worth $183,000. Riverhead Capital Management LLC lifted its position in Hope Bancorp by 100.4% in the second quarter. Riverhead Capital Management LLC now owns 10,221 shares of the financial services provider’s stock worth $191,000 after buying an additional 5,121 shares during the last quarter. Bank of Montreal Can lifted its position in Hope Bancorp by 1.2% in the second quarter. Bank of Montreal Can now owns 10,232 shares of the financial services provider’s stock worth $191,000 after buying an additional 122 shares during the last quarter. Shelton Capital Management lifted its position in Hope Bancorp by 8.2% in the second quarter. Shelton Capital Management now owns 12,630 shares of the financial services provider’s stock worth $236,000 after buying an additional 962 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its position in Hope Bancorp by 97.1% in the second quarter. Flinton Capital Management LLC now owns 13,804 shares of the financial services provider’s stock worth $257,000 after buying an additional 6,800 shares during the last quarter. Institutional investors own 80.56% of the company’s stock.

In other news, EVP Jason K. Kim sold 3,669 shares of Hope Bancorp stock in a transaction on Monday, October 30th. The stock was sold at an average price of $18.25, for a total transaction of $66,959.25. Following the completion of the sale, the executive vice president now directly owns 67,060 shares in the company, valued at $1,223,845. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Lee Song sold 3,000 shares of Hope Bancorp stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $19.25, for a total value of $57,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,981 shares of company stock valued at $2,303,614. Corporate insiders own 5.20% of the company’s stock.

HOPE has been the subject of a number of analyst reports. FIG Partners downgraded Hope Bancorp from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $20.00 to $17.00 in a research report on Friday, September 15th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $19.00 price target on shares of Hope Bancorp in a research report on Thursday, September 7th. DA Davidson restated a “buy” rating and issued a $21.00 price target on shares of Hope Bancorp in a research report on Monday, September 18th. ValuEngine downgraded Hope Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $19.58.

Shares of Hope Bancorp Inc (NASDAQ HOPE) opened at $18.25 on Friday. Hope Bancorp Inc has a 52-week low of $17.14 and a 52-week high of $19.53. The firm has a market capitalization of $2,497.23, a price-to-earnings ratio of 15.21, a PEG ratio of 1.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03.

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

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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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