Legal & General Group Plc grew its position in Hope Bancorp Inc (NASDAQ:HOPE) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 246,717 shares of the financial services provider’s stock after buying an additional 5,292 shares during the period. Legal & General Group Plc owned 0.18% of Hope Bancorp worth $4,369,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Hope Bancorp by 295.1% in the 2nd quarter. Principal Financial Group Inc. now owns 3,881,006 shares of the financial services provider’s stock worth $72,381,000 after purchasing an additional 2,898,811 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Hope Bancorp by 12.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 8,578,817 shares of the financial services provider’s stock worth $151,931,000 after purchasing an additional 960,796 shares during the last quarter. Phocas Financial Corp. bought a new position in shares of Hope Bancorp in the 2nd quarter worth $10,205,000. LSV Asset Management boosted its position in shares of Hope Bancorp by 114.6% in the 2nd quarter. LSV Asset Management now owns 697,303 shares of the financial services provider’s stock worth $13,004,000 after purchasing an additional 372,403 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hope Bancorp by 5.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,497,731 shares of the financial services provider’s stock worth $139,835,000 after purchasing an additional 363,079 shares during the last quarter. 80.56% of the stock is owned by institutional investors.

In other Hope Bancorp news, EVP David Lee Song sold 3,000 shares of Hope Bancorp stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $19.25, for a total value of $57,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Alex Ko sold 40,000 shares of Hope Bancorp stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $18.92, for a total value of $756,800.00. Following the completion of the sale, the chief financial officer now directly owns 10,088 shares in the company, valued at approximately $190,864.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 121,981 shares of company stock worth $2,303,614. Corporate insiders own 5.20% of the company’s stock.

HOPE has been the topic of several recent research reports. ValuEngine upgraded Hope Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. DA Davidson reiterated a “buy” rating and set a $21.00 target price on shares of Hope Bancorp in a report on Monday, September 18th. Zacks Investment Research upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $18.50 target price on shares of Hope Bancorp in a report on Thursday, October 26th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Hope Bancorp in a report on Thursday, November 2nd. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Hope Bancorp has an average rating of “Hold” and a consensus price target of $19.58.

Hope Bancorp Inc (NASDAQ HOPE) opened at $18.47 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $2,546.01, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.56 and a beta of 1.39. Hope Bancorp Inc has a twelve month low of $17.14 and a twelve month high of $19.53.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The firm had revenue of $139.51 million for the quarter, compared to analyst estimates of $137.93 million. Hope Bancorp had a return on equity of 8.74% and a net margin of 26.16%. During the same period in the previous year, the company posted $0.22 earnings per share. equities analysts predict that Hope Bancorp Inc will post 1.2 EPS for the current year.

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Hope Bancorp Company Profile

Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.

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Institutional Ownership by Quarter for Hope Bancorp (NASDAQ:HOPE)

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