The Manufacturers Life Insurance Company Makes New $741,000 Investment in Hope Bancorp, Inc. $HOPE

06 Sep 2026, 08:32 by Mitch Edgeman · The Markets Daily

The Manufacturers Life Insurance Company bought a new stake in shares of Hope Bancorp, Inc. (NASDAQ:HOPE – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 54,164 shares of the financial services provider’s stock, valued at approximately $741,000.

Several other large investors have also recently made changes to their positions in HOPE. BlackRock Inc. bought a new position in Hope Bancorp during the 2nd quarter valued at approximately $252,703,000. Wellington Management Group LLP boosted its holdings in Hope Bancorp by 2.7% in the third quarter. Wellington Management Group LLP now owns 11,335,999 shares of the financial services provider’s stock worth $122,089,000 after acquiring an additional 303,019 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hope Bancorp by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 7,367,855 shares of the financial services provider’s stock worth $82,298,000 after acquiring an additional 315,028 shares during the last quarter. State Street Corp grew its stake in shares of Hope Bancorp by 3.3% in the second quarter. State Street Corp now owns 6,494,266 shares of the financial services provider’s stock worth $69,683,000 after acquiring an additional 209,442 shares during the last quarter. Finally, HoldCo Asset Management LP bought a new position in shares of Hope Bancorp during the fourth quarter valued at $32,838,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Hope Bancorp Trading Up 0.9%

Hope Bancorp stock opened at $14.13 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.98 and a quick ratio of 0.97. Hope Bancorp, Inc. has a one year low of $9.80 and a one year high of $14.59. The stock has a market capitalization of $1.81 billion, a PE ratio of 14.13 and a beta of 0.83. The business’s fifty day moving average is $13.86 and its 200 day moving average is $12.70.

Hope Bancorp (NASDAQ:HOPE – Get Free Report) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The business had revenue of $147.82 million during the quarter, compared to analyst estimates of $146.50 million. Hope Bancorp had a return on equity of 5.71% and a net margin of 12.53%.During the same quarter in the previous year, the firm earned ($0.22) EPS. On average, sell-side analysts predict that Hope Bancorp, Inc. will post 1.13 EPS for the current year.

Hope Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, August 6th were given a dividend of $0.14 per share. The ex-dividend date was Thursday, August 6th. This represents a $0.56 dividend on an annualized basis and a yield of 4.0%. Hope Bancorp’s dividend payout ratio is 56.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HOPE. Weiss Ratings raised Hope Bancorp from a “hold (c+)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. DA Davidson raised their price objective on shares of Hope Bancorp from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Hope Bancorp from $14.00 to $15.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.50.

View Our Latest Stock Report on HOPE

Insider Transactions at Hope Bancorp

In related news, Director Daisy Ha sold 26,995 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $14.24, for a total value of $384,408.80. Following the sale, the director owned 346,120 shares in the company, valued at approximately $4,928,748.80. This trade represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.27% of the company’s stock.

Hope Bancorp Profile

(Free Report)

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.