MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Hope Bancorp, Inc. (NASDAQ:HOPE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Hope Bancorp, Inc. (NASDAQ:HOPE) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,931 shares of the financial services provider’s stock after buying an additional 2,260 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Hope Bancorp worth $810,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HOPE. Smartleaf Asset Management LLC raised its holdings in shares of Hope Bancorp by 181.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,553 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Hope Bancorp by 819.1% during the fourth quarter. Sterling Capital Management LLC now owns 3,713 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 3,309 shares in the last quarter. KBC Group NV raised its stake 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 valued at $87,000 after purchasing an additional 1,901 shares during the last quarter. Cibc World Markets Corp acquired a new position in Hope Bancorp in the 4th quarter valued at $133,000. Finally, Algert Global LLC purchased a new position in Hope Bancorp in the 4th quarter valued at $135,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HOPE shares. Wall Street Zen raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a report on Monday, May 12th. Piper Sandler dropped their price objective on shares of Hope Bancorp from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, January 30th. Finally, DA Davidson decreased their target price on shares of Hope Bancorp from $15.50 to $14.50 and set a “buy” rating on the stock in a research note on Tuesday, January 28th.

Hope Bancorp Stock Down 0.6%

Shares of HOPE opened at $10.02 on Tuesday. Hope Bancorp, Inc. has a 52-week low of $8.83 and a 52-week high of $14.54. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $10.01 and a two-hundred day simple moving average of $11.37. The company has a market capitalization of $1.28 billion, a PE ratio of 12.22 and a beta of 0.88.

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

Hope Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a $0.14 dividend. The ex-dividend date was Friday, May 2nd. This represents a $0.56 annualized dividend and a dividend yield of 5.59%. Hope Bancorp’s dividend payout ratio (DPR) is 71.79%.

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.