Hope Bancorp, Inc. (NASDAQ:HOPE) Director Donald Byun sold 101,026 shares of Hope Bancorp stock in a transaction on Friday, August 25th. The stock was sold at an average price of $16.45, for a total transaction of $1,661,877.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Hope Bancorp, Inc. (NASDAQ HOPE) traded down 0.37% on Monday, reaching $16.29. The company had a trading volume of 287,857 shares. The stock has a market capitalization of $2.20 billion, a P/E ratio of 14.88 and a beta of 1.39. Hope Bancorp, Inc. has a 12-month low of $15.39 and a 12-month high of $22.99. The stock’s 50-day moving average price is $17.44 and its 200-day moving average price is $18.85.

Hope Bancorp (NASDAQ:HOPE) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $132.94 million during the quarter, compared to analysts’ expectations of $136.80 million. Hope Bancorp had a return on equity of 8.45% and a net margin of 24.38%. On average, equities research analysts anticipate that Hope Bancorp, Inc. will post $1.20 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were given a dividend of $0.13 per share. The ex-dividend date was Thursday, July 27th. This is an increase from Hope Bancorp’s previous quarterly dividend of $0.12. This represents a $0.52 dividend on an annualized basis and a yield of 3.19%. Hope Bancorp’s dividend payout ratio is 47.71%.

COPYRIGHT VIOLATION WARNING: This piece of content was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another domain, it was stolen and republished in violation of U.S. & international trademark and copyright legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/08/28/insider-selling-hope-bancorp-inc-hope-director-sells-101026-shares-of-stock.html.

Large investors have recently modified their holdings of the stock. First Interstate Bank increased its stake in shares of Hope Bancorp by 254.3% in the second quarter. First Interstate Bank now owns 6,395 shares of the financial services provider’s stock worth $119,000 after buying an additional 4,590 shares during the period. Bank of Montreal Can increased its stake in shares of Hope Bancorp by 1.2% in the second quarter. Bank of Montreal Can now owns 10,232 shares of the financial services provider’s stock worth $191,000 after buying an additional 122 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Hope Bancorp by 100.4% in the second quarter. Riverhead Capital Management LLC now owns 10,221 shares of the financial services provider’s stock worth $191,000 after buying an additional 5,121 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Hope Bancorp by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 10,308 shares of the financial services provider’s stock worth $192,000 after buying an additional 55 shares during the period. Finally, Connable Office Inc. bought a new stake in shares of Hope Bancorp during the second quarter worth about $196,000. Institutional investors and hedge funds own 79.47% of the company’s stock.

HOPE has been the subject of a number of research reports. FIG Partners raised Hope Bancorp from a “market perform” rating to an “outperform” rating in a report on Friday, May 19th. BidaskClub raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Friday, June 9th. Zacks Investment Research raised Hope Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, May 30th. Piper Jaffray Companies dropped their target price on Hope Bancorp from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday, May 30th. Finally, Wedbush reissued a “neutral” rating and set a $20.00 target price on shares of Hope Bancorp in a report on Tuesday, June 27th. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $20.75.

About Hope Bancorp

Hope Bancorp, Inc, formerly BBCN Bancorp, Inc, is the holding company of Bank of Hope. Bank of Hope is the regional Korean-American bank in the United States. Bank of Hope operates approximately 85 full-service branches in California, Washington, Texas, Illinois, New York, New Jersey, Virginia, Georgia and Alabama.

Receive News & Stock Ratings for Hope Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hope Bancorp Inc. and related stocks with our FREE daily email newsletter.