Hope Bancorp, Inc. $HOPE Shares Purchased by Rhino Investment Partners Inc

Rhino Investment Partners Inc boosted its position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,595,281 shares of the financial services provider’s stock after buying an additional 232,783 shares during the period. Hope Bancorp accounts for approximately 8.1% of Rhino Investment Partners Inc’s portfolio, making the stock its biggest holding. Rhino Investment Partners Inc’s holdings in Hope Bancorp were worth $28,989,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of HOPE. Empowered Funds LLC increased its holdings in shares of Hope Bancorp by 3.5% in the 1st quarter. Empowered Funds LLC now owns 496,619 shares of the financial services provider’s stock valued at $5,547,000 after acquiring an additional 16,867 shares during the period. Quantinno Capital Management LP grew its position in Hope Bancorp by 53.8% during the 1st quarter. Quantinno Capital Management LP now owns 158,456 shares of the financial services provider’s stock worth $1,770,000 after purchasing an additional 55,401 shares during the last quarter. Entropy Technologies LP increased its stake in Hope Bancorp by 276.4% in the first quarter. Entropy Technologies LP now owns 63,548 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 46,663 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Hope Bancorp by 1.4% in the first quarter. Renaissance Technologies LLC now owns 657,646 shares of the financial services provider’s stock valued at $7,346,000 after buying an additional 8,848 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Hope Bancorp by 20.8% during the first quarter. Sei Investments Co. now owns 147,861 shares of the financial services provider’s stock worth $1,651,000 after buying an additional 25,441 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Brean Capital upgraded Hope Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 1st. Keefe, Bruyette & Woods lifted their target price on Hope Bancorp from $13.00 to $14.00 and gave the company a “market perform” rating in a research note on Monday, April 6th. Zacks Research raised Hope Bancorp from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings raised Hope Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 26th. Finally, DA Davidson lifted their price objective on shares of Hope Bancorp from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $15.00.

Insider Transactions at Hope Bancorp

In other Hope Bancorp news, Director Daisy Y. Ha sold 12,000 shares of the firm’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $12.53, for a total value of $150,360.00. Following the completion of the sale, the director owned 373,115 shares of the company’s stock, valued at approximately $4,675,130.95. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.27% of the company’s stock.

Key Headlines Impacting Hope Bancorp

Here are the key news stories impacting Hope Bancorp this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations: Hope Bancorp reported adjusted earnings of $0.27 per share versus the $0.26 consensus estimate, while revenue of $147.82 million topped the $146.50 million forecast. Earnings also improved substantially from $0.19 per share a year earlier. Hope Bancorp Q2 earnings and revenues surpass estimates
• Positive Sentiment: Management provided ambitious growth targets: The bank expects approximately 20% loan growth in 2026, including contributions from the MANUBANK acquisition, and is targeting 25% to 30% growth in pre-provision net revenue. These targets support the bullish outlook, although execution will be important. Hope Bancorp growth outlook
• Positive Sentiment: Strategic acquisition expands capabilities: The MANUBANK transaction is expected to broaden Hope Bancorp’s platform and contribute to future loan growth, adding a potential catalyst beyond the quarterly earnings beat. Hope Bancorp Q2 results and strategic acquisition
• Neutral Sentiment: Dividend maintained: Hope Bancorp declared a quarterly dividend of $0.14 per share, or approximately $0.56 annualized, representing a stated yield of about 4.1%. The dividend supports income-oriented investors, while the August 6 ex-dividend date may influence near-term trading.

Hope Bancorp Stock Performance

NASDAQ HOPE opened at $14.12 on Wednesday. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 14.12 and a beta of 0.83. The business’s 50 day moving average is $13.13 and its two-hundred day moving average is $12.28. Hope Bancorp, Inc. has a 12-month low of $9.44 and a 12-month high of $14.21. The company has a current ratio of 0.98, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25.

Hope Bancorp (NASDAQ:HOPE) last posted its quarterly earnings results on Monday, July 27th. The financial services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.26 by $0.01. Hope Bancorp had a return on equity of 5.71% and a net margin of 12.53%.The business had revenue of $147.82 million during the quarter, compared to analysts’ expectations of $146.50 million. During the same period last year, the firm earned ($0.22) EPS. Research analysts expect that Hope Bancorp, Inc. will post 1.13 EPS for the current year.

Hope Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Thursday, August 6th will be given a $0.14 dividend. The ex-dividend date is Thursday, August 6th. This represents a $0.56 annualized dividend and a yield of 4.0%. Hope Bancorp’s dividend payout ratio is presently 56.00%.

Hope Bancorp Profile

Hope Bancorp, Inc operates as the bank holding company for Hope Bank, a California-chartered financial institution serving small and middle-market businesses, professionals and affluent individuals. The company’s principal activities include accepting a variety of deposit products—such as checking accounts, savings and money market accounts, and time deposits—and extending commercial credit facilities. With a focus on community banking, Hope Bancorp tailors its offerings to meet the needs of clients in diverse industries, including real estate, professional services and import/export trade.

In its lending business, Hope Bancorp provides commercial real estate loans, construction financing, working capital lines of credit and equipment financing.