RTTNews | Jan 25, 2022 10:53AM EST

10:53 Tuesday, January 25, 2022 (RTTNews.com) - Hope Bancorp, Inc. (HOPE) shares are gaining more than 8 percent on Tuesday morning trade after the company reported 10 percent increase in fourth quarter pre-provision net revenue, compared to the prior year. The company also announced quarterly cash dividend of $0.14, payable on February 17, 2022, to stockholders of record February 3.The company also announced authorization for repurchase of $50 million of its common stock.Currently, shares are at $17.10, up 9.27 percent from previous close of $15.65 on a volume of 465,658. For the 52-week period, the shares have traded in a range of $11.05-$17.38 on average of volume of 713,222.

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