SG Americas Securities LLC Has $169,000 Stock Position in Hope Bancorp, Inc. (NASDAQ:HOPE)

SG Americas Securities LLC lowered its stake in Hope Bancorp, Inc. (NASDAQ:HOPE) by 83.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,983 shares of the financial services provider’s stock after selling 69,998 shares during the period. SG Americas Securities LLC’s holdings in Hope Bancorp were worth $169,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in HOPE. BlackRock Inc. boosted its holdings in Hope Bancorp by 0.6% during the first quarter. BlackRock Inc. now owns 17,720,919 shares of the financial services provider’s stock worth $284,954,000 after buying an additional 105,803 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Hope Bancorp by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,527,939 shares of the financial services provider’s stock worth $93,565,000 after buying an additional 72,404 shares during the last quarter. State Street Corp boosted its holdings in Hope Bancorp by 7.2% during the first quarter. State Street Corp now owns 7,013,612 shares of the financial services provider’s stock worth $112,779,000 after buying an additional 469,232 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Hope Bancorp by 0.3% during the first quarter. Macquarie Group Ltd. now owns 5,144,292 shares of the financial services provider’s stock worth $50,517,000 after buying an additional 15,937 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Hope Bancorp by 3.5% during the second quarter. Geode Capital Management LLC now owns 2,428,074 shares of the financial services provider’s stock worth $20,444,000 after buying an additional 82,929 shares during the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on HOPE. Wedbush reduced their target price on Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, January 31st. StockNews.com upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.33.

Hope Bancorp Trading Down 0.8 %

NASDAQ:HOPE opened at $10.57 on Monday. Hope Bancorp, Inc. has a fifty-two week low of $7.42 and a fifty-two week high of $12.51. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $1.27 billion, a PE ratio of 9.44 and a beta of 1.13. The business’s 50-day simple moving average is $11.00 and its 200-day simple moving average is $10.61.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.03). Hope Bancorp had a net margin of 12.19% and a return on equity of 7.03%. The business had revenue of $135.20 million for the quarter, compared to the consensus estimate of $138.47 million. During the same quarter last year, the firm earned $0.43 EPS. Sell-side analysts expect that Hope Bancorp, Inc. will post 1.09 earnings per share for the current fiscal year.

Hope Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 9th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.30%. The ex-dividend date was Thursday, February 8th. Hope Bancorp’s dividend payout ratio (DPR) is presently 50.00%.

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.