Insider Selling: Hope Bancorp, Inc. (NASDAQ:HOPE) EVP Sells $42,480.00 in Stock

Hope Bancorp, Inc. (NASDAQ:HOPE) EVP Angelee Harris sold 3,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.16, for a total value of $42,480.00. Following the sale, the executive vice president now directly owns 19,795 shares of the company’s stock, valued at $280,297.20. This represents a 13.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Angelee Harris also recently made the following trade(s):

• On Wednesday, September 4th, Angelee Harris sold 1,500 shares of Hope Bancorp stock. The stock was sold at an average price of $12.48, for a total value of $18,720.00.

Hope Bancorp Stock Performance

NASDAQ HOPE opened at $13.62 on Friday. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 16.21 and a beta of 1.13. 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 business has a 50-day moving average price of $12.96 and a 200-day moving average price of $12.01. Hope Bancorp, Inc. has a twelve month low of $9.66 and a twelve month high of $14.53.

Hope Bancorp (NASDAQ:HOPE) last released its quarterly earnings data on Monday, October 28th. The financial services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $246.92 million during the quarter, compared to the consensus estimate of $121.67 million. Hope Bancorp had a return on equity of 5.52% and a net margin of 9.81%. During the same period last year, the company earned $0.25 EPS. As a group, equities research analysts predict that Hope Bancorp, Inc. will post 0.85 EPS for the current fiscal year.

Hope Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were given a $0.14 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.11%. Hope Bancorp’s dividend payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Hope Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st.

Institutional Investors Weigh In On Hope Bancorp

Hedge funds have recently made changes to their positions in the company. nVerses Capital LLC purchased a new stake in shares of Hope Bancorp in the third quarter worth about $48,000. Fifth Third Bancorp lifted its position in shares of Hope Bancorp by 149.5% in the second quarter. Fifth Third Bancorp now owns 5,279 shares of the financial services provider’s stock worth $57,000 after buying an additional 3,163 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Hope Bancorp in the third quarter worth about $58,000. Choreo LLC purchased a new stake in shares of Hope Bancorp in the second quarter worth about $108,000. Finally, AE Wealth Management LLC purchased a new stake in shares of Hope Bancorp in the second quarter worth about $112,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

About Hope Bancorp

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.