Entropy Technologies LP increased its position in shares of Hope Bancorp, Inc. (NASDAQ:HOPE – Free Report) by 276.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,548 shares of the financial services provider’s stock after acquiring an additional 46,663 shares during the quarter. Entropy Technologies LP’s holdings in Hope Bancorp were worth $710,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently modified their holdings of HOPE. Global Retirement Partners LLC purchased a new position in Hope Bancorp during the fourth quarter worth about $28,000. International Assets Investment Management LLC acquired a new position in Hope Bancorp in the 4th quarter valued at about $29,000. Geneos Wealth Management Inc. grew its stake in shares of Hope Bancorp by 294.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,428 shares of the financial services provider’s stock valued at $36,000 after buying an additional 2,558 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Hope Bancorp by 375.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,625 shares of the financial services provider’s stock valued at $40,000 after buying an additional 2,862 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Hope Bancorp by 157.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,026 shares of the financial services provider’s stock worth $54,000 after buying an additional 3,071 shares during the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.
Key Stories Impacting Hope Bancorp
Here are the key news stories impacting Hope Bancorp this week:
- Positive Sentiment: Q2 earnings and revenue exceeded expectations: Hope Bancorp reported adjusted earnings of $0.27 per share versus the $0.26 consensus estimate, while revenue of $147.82 million topped the $146.50 million forecast. Earnings also improved substantially from $0.19 per share a year earlier. Hope Bancorp Q2 earnings and revenues surpass estimates
- Positive Sentiment: Management provided ambitious growth targets: The bank expects approximately 20% loan growth in 2026, including contributions from the MANUBANK acquisition, and is targeting 25% to 30% growth in pre-provision net revenue. These targets support the bullish outlook, although execution will be important. Hope Bancorp growth outlook
- Positive Sentiment: Strategic acquisition expands capabilities: The MANUBANK transaction is expected to broaden Hope Bancorp’s platform and contribute to future loan growth, adding a potential catalyst beyond the quarterly earnings beat. Hope Bancorp Q2 results and strategic acquisition
- Neutral Sentiment: Dividend maintained: Hope Bancorp declared a quarterly dividend of $0.14 per share, or approximately $0.56 annualized, representing a stated yield of about 4.1%. The dividend supports income-oriented investors, while the August 6 ex-dividend date may influence near-term trading.
Hope Bancorp Price Performance
Hope Bancorp (NASDAQ:HOPE – Get Free Report) last released its earnings results on Monday, July 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. Hope Bancorp had a net margin of 12.53% and a return on equity of 5.71%. The company had revenue of $147.82 million for the quarter, compared to analyst estimates of $146.50 million. During the same period in the prior year, the business earned ($0.22) EPS. On average, research analysts forecast that Hope Bancorp, Inc. will post 1.13 earnings per share for the current fiscal year.
Hope Bancorp Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Thursday, August 6th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Thursday, August 6th. Hope Bancorp’s dividend payout ratio (DPR) is presently 56.00%.
Wall Street Analyst Weigh In
HOPE has been the topic of several analyst reports. Brean Capital raised shares of Hope Bancorp from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 1st. Weiss Ratings upgraded Hope Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 26th. DA Davidson raised their target price on Hope Bancorp from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Research upgraded Hope Bancorp from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Keefe, Bruyette & Woods lifted their target price on Hope Bancorp from $13.00 to $14.00 and gave the company a “market perform” rating in a research report on Monday, April 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.00.
View Our Latest Analysis on Hope Bancorp
Insider Activity
In related news, Director Daisy Y. Ha sold 12,000 shares of Hope Bancorp stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $12.53, for a total value of $150,360.00. Following the completion of the transaction, the director directly owned 373,115 shares in the company, valued at approximately $4,675,130.95. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.27% of the company’s stock.
About Hope Bancorp
Hope Bancorp, Inc operates as the bank holding company for Hope Bank, a California-chartered financial institution serving small and middle-market businesses, professionals and affluent individuals. The company’s principal activities include accepting a variety of deposit products—such as checking accounts, savings and money market accounts, and time deposits—and extending commercial credit facilities. With a focus on community banking, Hope Bancorp tailors its offerings to meet the needs of clients in diverse industries, including real estate, professional services and import/export trade.
In its lending business, Hope Bancorp provides commercial real estate loans, construction financing, working capital lines of credit and equipment financing.
See Also
- Five stocks we like better than Hope Bancorp
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
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. (NASDAQ:HOPE – Free Report).
Receive News & Ratings for Hope Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hope Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
