Landscape Capital Management L.L.C. Invests $161,000 in Hope Bancorp, Inc. (NASDAQ:HOPE)

Landscape Capital Management L.L.C. bought a new position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,854 shares of the financial services provider’s stock, valued at approximately $161,000.

A number of other institutional investors have also modified their holdings of the stock. Assenagon Asset Management S.A. increased its holdings in Hope Bancorp by 232.7% during the second quarter. Assenagon Asset Management S.A. now owns 2,333,798 shares of the financial services provider’s stock valued at $25,065,000 after buying an additional 1,632,384 shares during the period. Principal Financial Group Inc. increased its holdings in Hope Bancorp by 9.0% during the third quarter. Principal Financial Group Inc. now owns 648,095 shares of the financial services provider’s stock valued at $8,140,000 after buying an additional 53,587 shares during the period. American Century Companies Inc. increased its holdings in Hope Bancorp by 17.4% during the second quarter. American Century Companies Inc. now owns 2,000,739 shares of the financial services provider’s stock valued at $21,488,000 after buying an additional 296,469 shares during the period. Denali Advisors LLC increased its holdings in Hope Bancorp by 17.7% during the second quarter. Denali Advisors LLC now owns 350,400 shares of the financial services provider’s stock valued at $3,763,000 after buying an additional 52,700 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new position in Hope Bancorp during the second quarter valued at approximately $587,000. 84.00% of the stock is owned by hedge funds and other institutional investors.

Hope Bancorp Price Performance

Shares of HOPE opened at $14.02 on Tuesday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 16.69 and a beta of 1.13. Hope Bancorp, Inc. has a twelve month low of $9.45 and a twelve month high of $14.53. 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 company has a 50 day moving average of $12.91 and a two-hundred day moving average of $11.96.

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

Hope Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Thursday, November 7th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.56 annualized dividend and a dividend yield of 3.99%. Hope Bancorp’s payout ratio is currently 66.67%.

Insider Transactions at Hope Bancorp

In other news, Director Steven Koh sold 96,620 shares of Hope Bancorp stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $13.33, for a total transaction of $1,287,944.60. Following the completion of the sale, the director now directly owns 3,167,023 shares in the company, valued at approximately $42,216,416.59. The trade was a 2.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David P. Malone sold 10,428 shares of Hope Bancorp stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $12.71, for a total transaction of $132,539.88. Following the sale, the director now owns 109,991 shares of the company’s stock, valued at $1,397,985.61. The trade was a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 136,902 shares of company stock worth $1,829,678. Company insiders own 5.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Hope Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Keefe, Bruyette & Woods raised their target price on shares of Hope Bancorp from $12.00 to $14.00 and gave the company a “market perform” rating in a research note on Tuesday, July 30th.

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.