WBI Investments LLC Has $426,000 Holdings in Hope Bancorp, Inc. (NASDAQ:HOPE)

WBI Investments LLC lessened its position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,263 shares of the financial services provider’s stock after selling 2,580 shares during the quarter. WBI Investments LLC’s holdings in Hope Bancorp were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of HOPE. Vanguard Personalized Indexing Management LLC boosted its stake in Hope Bancorp by 8.8% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 12,814 shares of the financial services provider’s stock valued at $155,000 after buying an additional 1,033 shares in the last quarter. Swiss National Bank raised its position in Hope Bancorp by 1.2% in the 3rd quarter. Swiss National Bank now owns 263,657 shares of the financial services provider’s stock valued at $2,333,000 after purchasing an additional 3,000 shares during the last quarter. WBI Investments Inc. raised its position in Hope Bancorp by 10.4% in the 3rd quarter. WBI Investments Inc. now owns 37,843 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 3,566 shares during the last quarter. Denali Advisors LLC raised its position in Hope Bancorp by 1.4% in the 4th quarter. Denali Advisors LLC now owns 283,500 shares of the financial services provider’s stock valued at $3,425,000 after purchasing an additional 4,000 shares during the last quarter. Finally, QRG Capital Management Inc. raised its position in Hope Bancorp by 26.9% in the 4th quarter. QRG Capital Management Inc. now owns 18,934 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 4,017 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Hope Bancorp Trading Down 1.5 %

Shares of Hope Bancorp stock traded down $0.16 during trading on Thursday, reaching $10.45. 91,660 shares of the company were exchanged, compared to its average volume of 668,999. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.43. Hope Bancorp, Inc. has a twelve month low of $7.93 and a twelve month high of $12.51. The business has a 50-day moving average price of $10.81 and a 200-day moving average price of $10.95. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 10.61 and a beta of 1.15.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings data on Monday, April 29th. The financial services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.05). Hope Bancorp had a return on equity of 6.43% and a net margin of 10.80%. The company had revenue of $123.30 million for the quarter, compared to analyst estimates of $130.42 million. During the same period last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was down 14.9% on a year-over-year basis. Sell-side analysts anticipate that Hope Bancorp, Inc. will post 0.95 EPS for the current fiscal year.

Hope Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 23rd. Shareholders of record on Thursday, May 9th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a $0.56 dividend on an annualized basis and a yield of 5.36%. Hope Bancorp’s payout ratio is 56.00%.

Analysts Set New Price Targets

Several equities analysts have issued reports on HOPE shares. Wedbush cut their price objective on Hope Bancorp from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Keefe, Bruyette & Woods cut their price objective on Hope Bancorp from $13.00 to $12.00 and set a “market perform” rating for the company in a research report on Wednesday, May 1st. Finally, DA Davidson upgraded Hope Bancorp from a “neutral” rating to a “buy” rating and set a $12.50 target price for the company in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, Hope Bancorp currently has an average rating of “Hold” and an average target price of $11.83.

Insider Transactions at Hope Bancorp

In related news, EVP Angelee Harris sold 4,200 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $10.68, for a total transaction of $44,856.00. Following the sale, the executive vice president now owns 18,527 shares in the company, valued at $197,868.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.29% of the stock is owned by insiders.

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.