Great West Life Assurance Co. Can decreased its stake in shares of Hanmi Financial Corp (NASDAQ:HAFC) by 3.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,575 shares of the bank’s stock after selling 1,613 shares during the period. Great West Life Assurance Co. Can’s holdings in Hanmi Financial were worth $761,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. FMR LLC lifted its position in shares of Hanmi Financial by 6.5% during the first quarter. FMR LLC now owns 2,561,110 shares of the bank’s stock worth $54,475,000 after purchasing an additional 155,428 shares during the last quarter. Northern Trust Corp lifted its position in shares of Hanmi Financial by 1.4% during the second quarter. Northern Trust Corp now owns 413,074 shares of the bank’s stock worth $9,198,000 after purchasing an additional 5,560 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Hanmi Financial during the second quarter worth about $8,240,000. Invesco Ltd. lifted its position in shares of Hanmi Financial by 10.9% during the second quarter. Invesco Ltd. now owns 287,404 shares of the bank’s stock worth $6,400,000 after purchasing an additional 28,159 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Hanmi Financial by 1.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 177,947 shares of the bank’s stock worth $3,963,000 after purchasing an additional 2,286 shares during the last quarter. 87.49% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on HAFC. BidaskClub raised shares of Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday. ValuEngine raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. Zacks Investment Research raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. DA Davidson cut shares of Hanmi Financial from a “buy” rating to a “neutral” rating and cut their target price for the stock from $27.00 to $21.50 in a report on Monday, August 12th. Finally, TheStreet cut shares of Hanmi Financial from a “b-” rating to a “c+” rating in a report on Monday, August 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $21.50.
Shares of NASDAQ HAFC opened at $19.65 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm’s 50-day moving average price is $18.62 and its two-hundred day moving average price is $20.39. Hanmi Financial Corp has a 52-week low of $17.01 and a 52-week high of $24.18. The stock has a market capitalization of $616.78 million, a P/E ratio of 13.84 and a beta of 1.17.
Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.07). Hanmi Financial had a return on equity of 7.77% and a net margin of 14.93%. The business had revenue of $50.92 million during the quarter, compared to the consensus estimate of $50.96 million. As a group, equities research analysts expect that Hanmi Financial Corp will post 1.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.96 annualized dividend and a dividend yield of 4.89%. Hanmi Financial’s payout ratio is currently 50.53%.
About Hanmi Financial
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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