State of Tennessee Treasury Department lowered its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,249 shares of the bank’s stock after selling 1,785 shares during the quarter. State of Tennessee Treasury Department owned about 0.09% of Hanmi Financial worth $874,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of HAFC. Victory Capital Management Inc. grew its holdings in shares of Hanmi Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,112 shares of the bank’s stock worth $145,000 after purchasing an additional 765 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Hanmi Financial by 79.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,401 shares of the bank’s stock worth $182,000 after purchasing an additional 2,831 shares during the period. Municipal Employees Retirement System of Michigan grew its holdings in shares of Hanmi Financial by 4.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock worth $217,000 after purchasing an additional 300 shares during the period. Airain ltd purchased a new stake in shares of Hanmi Financial during the 2nd quarter worth about $226,000. Finally, Aperio Group LLC purchased a new stake in shares of Hanmi Financial during the 3rd quarter worth about $233,000. 88.56% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the company. BidaskClub cut Hanmi Financial from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine upgraded Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $28.00 target price on Hanmi Financial and gave the stock a “hold” rating in a report on Saturday, October 7th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 target price on shares of Hanmi Financial in a report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Hanmi Financial presently has an average rating of “Hold” and a consensus target price of $31.00.
Hanmi Financial Corporation (NASDAQ HAFC) opened at $30.05 on Monday. The firm has a market capitalization of $973.89, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 2.08 and a beta of 0.79. Hanmi Financial Corporation has a fifty-two week low of $25.45 and a fifty-two week high of $35.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00.
Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $53.74 million during the quarter, compared to analysts’ expectations of $53.30 million. Hanmi Financial had a return on equity of 10.60% and a net margin of 24.54%. During the same quarter in the prior year, the business earned $0.41 EPS. equities analysts forecast that Hanmi Financial Corporation will post 1.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 30th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, October 27th. Hanmi Financial’s dividend payout ratio is presently 46.93%.
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Hanmi Financial Company Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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