Shares of Hope Bancorp Inc (NASDAQ:HOPE) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $15.89 and last traded at $15.97, with a volume of 36869 shares. The stock had previously closed at $16.15.

A number of analysts have issued reports on the company. Zacks Investment Research downgraded Hope Bancorp from a “hold” rating to a “sell” rating in a report on Monday, July 23rd. Wedbush reiterated a “neutral” rating and set a $18.00 target price (down previously from $19.00) on shares of Hope Bancorp in a research report on Monday, July 16th. Finally, ValuEngine upgraded Hope Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.50.

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $2.10 billion, a P/E ratio of 12.63, a PEG ratio of 1.10 and a beta of 1.37.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Tuesday, July 17th. The financial services provider reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.01). Hope Bancorp had a return on equity of 9.68% and a net margin of 23.76%. The firm had revenue of $138.09 million for the quarter, compared to analyst estimates of $139.60 million. During the same quarter last year, the firm posted $0.30 EPS. Research analysts expect that Hope Bancorp Inc will post 1.47 earnings per share for the current fiscal year.

In other news, EVP David Lee Song sold 5,000 shares of Hope Bancorp stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $17.75, for a total transaction of $88,750.00. Following the sale, the executive vice president now owns 4,023 shares in the company, valued at $71,408.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald Byun sold 40,456 shares of Hope Bancorp stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $17.84, for a total value of $721,735.04. Following the sale, the director now owns 35,170 shares in the company, valued at approximately $627,432.80. The disclosure for this sale can be found here. 5.06% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HOPE. BlackRock Inc. increased its position in shares of Hope Bancorp by 9.0% during the second quarter. BlackRock Inc. now owns 18,423,426 shares of the financial services provider’s stock worth $328,490,000 after purchasing an additional 1,527,125 shares in the last quarter. LSV Asset Management increased its position in Hope Bancorp by 43.7% in the 2nd quarter. LSV Asset Management now owns 4,071,026 shares of the financial services provider’s stock valued at $72,586,000 after acquiring an additional 1,237,072 shares during the period. Dimensional Fund Advisors LP increased its position in Hope Bancorp by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 9,213,335 shares of the financial services provider’s stock valued at $164,275,000 after acquiring an additional 593,266 shares during the period. Macquarie Group Ltd. increased its position in Hope Bancorp by 11.7% in the 2nd quarter. Macquarie Group Ltd. now owns 2,450,766 shares of the financial services provider’s stock valued at $43,697,000 after acquiring an additional 256,255 shares during the period. Finally, Summit Trail Advisors LLC increased its position in Hope Bancorp by 1,515.0% in the 1st quarter. Summit Trail Advisors LLC now owns 260,122 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 244,015 shares during the period. Institutional investors and hedge funds own 90.09% of the company’s stock.

About Hope Bancorp (NASDAQ:HOPE)

Hope Bancorp, Inc is a holding company. Its products and services include certificate of deposit, online banking, bill payment, mobile banking, credits card and mortgage loans. The company was founded in February 2002 and is headquartered in Los Angeles, CA.

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