Ridgewood Investments LLC grew its position in Hope Bancorp Inc (NASDAQ:HOPE) by 143.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,754 shares of the financial services provider’s stock after buying an additional 15,766 shares during the quarter. Ridgewood Investments LLC’s holdings in Hope Bancorp were worth $350,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HOPE. BlackRock Inc. increased its position in Hope Bancorp by 3.1% during the 4th quarter. BlackRock Inc. now owns 18,737,782 shares of the financial services provider’s stock worth $222,230,000 after purchasing an additional 558,951 shares in the last quarter. Principal Financial Group Inc. increased its position in Hope Bancorp by 2.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,327,713 shares of the financial services provider’s stock worth $51,326,000 after purchasing an additional 83,086 shares in the last quarter. LSV Asset Management increased its position in Hope Bancorp by 1.9% during the 4th quarter. LSV Asset Management now owns 4,167,526 shares of the financial services provider’s stock worth $49,426,000 after purchasing an additional 76,900 shares in the last quarter. Macquarie Group Ltd. increased its position in Hope Bancorp by 24.7% during the 3rd quarter. Macquarie Group Ltd. now owns 3,056,749 shares of the financial services provider’s stock worth $49,428,000 after purchasing an additional 605,983 shares in the last quarter. Finally, FMR LLC increased its position in Hope Bancorp by 22.5% during the 4th quarter. FMR LLC now owns 1,982,881 shares of the financial services provider’s stock worth $23,517,000 after purchasing an additional 363,722 shares in the last quarter. Institutional investors own 89.65% of the company’s stock.

NASDAQ HOPE traded down $0.25 on Monday, hitting $13.87. The company’s stock had a trading volume of 10,893 shares, compared to its average volume of 690,957. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. Hope Bancorp Inc has a 1-year low of $11.37 and a 1-year high of $18.88. The stock has a market cap of $1.74 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 1.21 and a beta of 1.50.

Hope Bancorp (NASDAQ:HOPE) last announced its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.35. Hope Bancorp had a net margin of 26.69% and a return on equity of 9.92%. The firm had revenue of $133.51 million during the quarter, compared to analysts’ expectations of $136.14 million. During the same period in the prior year, the company posted $0.32 EPS. Analysts predict that Hope Bancorp Inc will post 1.42 earnings per share for the current fiscal year.

In other news, EVP Peter Koh sold 6,000 shares of the company’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $14.92, for a total value of $89,520.00. Following the sale, the executive vice president now directly owns 54,687 shares of the company’s stock, valued at approximately $815,930.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jason K. Kim sold 4,750 shares of the company’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $14.71, for a total transaction of $69,872.50. The disclosure for this sale can be found here. Corporate insiders own 5.06% of the company’s stock.

A number of research firms recently issued reports on HOPE. Zacks Investment Research cut shares of Hope Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine cut shares of Hope Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $16.50.

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Hope Bancorp Profile

Hope Bancorp, Inc operates as the bank holding company for Bank of Hope that provides banking services to small and medium-sized businesses and individuals in the United States. The company offers personal and business checking, money market, savings, time deposit, and individual retirement accounts.

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

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