15,685 Shares in Hope Bancorp, Inc. (NASDAQ:HOPE) Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new position in Hope Bancorp, Inc. (NASDAQ:HOPE) in the fourth quarter, Holdings Channel reports. The fund purchased 15,685 shares of the financial services provider’s stock, valued at approximately $193,000.

A number of other large investors also recently bought and sold shares of HOPE. Barclays PLC raised its holdings in Hope Bancorp by 109.9% in the 3rd quarter. Barclays PLC now owns 253,437 shares of the financial services provider’s stock worth $3,183,000 after purchasing an additional 132,677 shares during the period. Assenagon Asset Management S.A. raised its holdings in Hope Bancorp by 47.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,055,151 shares of the financial services provider’s stock worth $12,968,000 after purchasing an additional 337,599 shares during the period. MassMutual Private Wealth & Trust FSB raised its holdings in Hope Bancorp by 31.2% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 848 shares during the period. KBC Group NV raised its holdings in Hope Bancorp by 36.6% in the 4th quarter. KBC Group NV now owns 7,093 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 1,901 shares during the period. Finally, EMC Capital Management raised its holdings in Hope Bancorp by 1,082.6% in the 4th quarter. EMC Capital Management now owns 29,566 shares of the financial services provider’s stock worth $363,000 after purchasing an additional 27,066 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Hope Bancorp Price Performance

Shares of Hope Bancorp stock opened at $10.52 on Friday. The business has a 50 day simple moving average of $10.04 and a two-hundred day simple moving average of $11.50. Hope Bancorp, Inc. has a 12 month low of $8.83 and a 12 month high of $14.54. The stock has a market capitalization of $1.35 billion, a P/E ratio of 12.83 and a beta of 0.88. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.96.

Hope Bancorp (NASDAQ:HOPE) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01. Hope Bancorp had a return on equity of 4.84% and a net margin of 9.95%. The business had revenue of $217.17 million during the quarter, compared to analysts’ expectations of $114.97 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. As a group, analysts predict that Hope Bancorp, Inc. will post 1.09 EPS for the current fiscal year.

Hope Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were given a $0.14 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.32%. Hope Bancorp’s dividend payout ratio (DPR) is presently 71.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. DA Davidson reduced their price target on Hope Bancorp from $15.50 to $14.50 and set a “buy” rating for the company in a report on Tuesday, January 28th. StockNews.com raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Finally, Piper Sandler reduced their target price on Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, January 30th.

Hope Bancorp Company 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.