Geode Capital Management LLC Sells 32,796 Shares of Hope Bancorp, Inc. (NASDAQ:HOPE)

Geode Capital Management LLC lessened its holdings in shares of Hope Bancorp, Inc. ( NASDAQ:HOPE – Free Report ) by 1.2% during the 4th quarter, Holdings Channel.

com reports. The fund owned 2,809,260 shares of the financial services provider’s stock after selling 32,796 shares during the period. Geode Capital Management LLC’s holdings in Hope Bancorp were worth $34,534,000 as of its most recent SEC filing.



Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings in shares of Hope Bancorp by 181.9% during the 4th quarter.

Smartleaf Asset Management LLC now owns 2,407 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,553 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Hope Bancorp by 31.2% during the fourth quarter.

MassMutual Private Wealth & Trust FSB now owns 3,563 shares of the financial services provider’s stock valued at $44,000 after buying an additional 848 shares in the last quarter. KBC Group NV lifted its position in shares of Hope Bancorp by 36.6% in the fourth quarter.

KBC Group NV now owns 7,093 shares of the financial services provider’s stock worth $87,000 after buying an additional 1,901 shares during the last quarter. Cibc World Markets Corp bought a new stake in shares of Hope Bancorp during the 4th quarter worth about $133,000. Finally, Quantinno Capital Management LP increased its holdings in shares of Hope Bancorp by 8.

5% during the 3rd quarter. Quantinno Capital Management LP now owns 11,729 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 919 shares during the last quarter. 84.

00% of the stock is currently owned by institutional investors and hedge funds. Insider Activity In related news, EVP Thomas Stenger sold 4,185 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $11.

83, for a total transaction of $49,508.55. Following the transaction, the executive vice president now directly owns 19,267 shares in the company, valued at $227,928.

61. The trade was a 17.84 % decrease in their ownership of the stock.

The sale was disclosed in a legal filing with the SEC, which is available at this link . 5.29% of the stock is owned by company insiders.

Analysts Set New Price Targets Read Our Latest Stock Analysis on Hope Bancorp Hope Bancorp Price Performance Shares of NASDAQ:HOPE opened at $9.40 on Thursday. The company has a market cap of $1.

14 billion, a price-to-earnings ratio of 11.46 and a beta of 0.96.

The business has a 50 day moving average price of $10.42 and a 200 day moving average price of $11.89.

The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.

16. Hope Bancorp, Inc. has a twelve month low of $8.

83 and a twelve month high of $14.54. Hope Bancorp ( NASDAQ:HOPE – Get Free Report ) last announced its quarterly earnings data on Monday, January 27th.

The financial services provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.

03. Hope Bancorp had a net margin of 9.95% and a return on equity of 4.

84%. Research analysts predict that Hope Bancorp, Inc. will post 1.

09 earnings per share for the current year. Hope Bancorp Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, February 6th were issued a dividend of $0.

14 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.

56 annualized dividend and a dividend yield of 5.96%. Hope Bancorp’s payout ratio is 68.

29%. Hope Bancorp Company Profile ( Free Report ) 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. Featured Stories Want to see what other hedge funds are holding HOPE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hope Bancorp, Inc.

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