MQS Management LLC bought a new position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 29,173 shares of the financial services provider's stock, valued at approximately $305,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hope Bancorp in the first quarter valued at approximately $105,000. Deutsche Bank AG boosted its holdings in Hope Bancorp by 49.4% during the 4th quarter. Deutsche Bank AG now owns 101,614 shares of the financial services provider's stock valued at $1,249,000 after acquiring an additional 33,585 shares during the period. KBC Group NV grew its stake in shares of Hope Bancorp by 16.6% in the first quarter. KBC Group NV now owns 8,269 shares of the financial services provider's stock worth $87,000 after acquiring an additional 1,176 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Hope Bancorp by 1,245.0% in the first quarter. GAMMA Investing LLC now owns 43,283 shares of the financial services provider's stock worth $4,134,000 after acquiring an additional 40,065 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in Hope Bancorp by 211.7% in the fourth quarter. Millennium Management LLC now owns 199,159 shares of the financial services provider's stock valued at $2,448,000 after acquiring an additional 135,267 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

Separately, Wall Street Zen raised Hope Bancorp from a "sell" rating to a "hold" rating in a report on Monday, May 12th.

Get Our Latest Stock Analysis on Hope Bancorp

NASDAQ:HOPE opened at $11.66 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $1.49 billion, a PE ratio of 14.95 and a beta of 0.90. Hope Bancorp, Inc. has a 52-week low of $8.83 and a 52-week high of $14.54. The stock's 50 day moving average price is $10.49 and its 200 day moving average price is $10.73.

Hope Bancorp (NASDAQ:HOPE - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.18 by $0.01. Hope Bancorp had a return on equity of 4.60% and a net margin of 9.82%. 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 business earned $0.23 earnings per share. On average, research analysts anticipate that Hope Bancorp, Inc. will post 1.09 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.56 dividend on an annualized basis and a yield of 4.80%. Hope Bancorp's payout ratio is currently 71.79%.

(Free Report)

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.

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