Hanmi Financial Corporation $HAFC Shares Purchased by LSV Asset Management

LSV Asset Management grew its holdings in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,417,475 shares of the bank’s stock after purchasing an additional 40,684 shares during the period. LSV Asset Management owned 4.69% of Hanmi Financial worth $34,983,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cerity Partners LLC grew its position in shares of Hanmi Financial by 24.0% during the 1st quarter. Cerity Partners LLC now owns 36,139 shares of the bank’s stock valued at $819,000 after buying an additional 6,988 shares during the last quarter. CWM LLC grew its holdings in shares of Hanmi Financial by 13.2% during the first quarter. CWM LLC now owns 35,594 shares of the bank’s stock valued at $807,000 after purchasing an additional 4,139 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Hanmi Financial by 109.2% during the 1st quarter. Allianz Asset Management GmbH now owns 33,889 shares of the bank’s stock worth $768,000 after purchasing an additional 17,689 shares during the period. one8zero8 LLC lifted its holdings in shares of Hanmi Financial by 13.0% in the 1st quarter. one8zero8 LLC now owns 19,325 shares of the bank’s stock worth $438,000 after purchasing an additional 2,225 shares during the last quarter. Finally, De Lisle Partners LLP boosted its position in Hanmi Financial by 39.1% during the 1st quarter. De Lisle Partners LLP now owns 71,703 shares of the bank’s stock valued at $1,626,000 after purchasing an additional 20,170 shares during the period. 88.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Wall Street Zen raised Hanmi Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hanmi Financial in a report on Monday. Keefe, Bruyette & Woods lifted their price objective on shares of Hanmi Financial from $29.00 to $30.50 and gave the company a “market perform” rating in a research report on Wednesday, October 22nd. Piper Sandler reduced their target price on shares of Hanmi Financial from $28.50 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, July 24th. Finally, Zacks Research upgraded shares of Hanmi Financial from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hanmi Financial has a consensus rating of “Moderate Buy” and an average price target of $28.50.

Hanmi Financial Price Performance

Shares of Hanmi Financial stock opened at $25.91 on Wednesday. Hanmi Financial Corporation has a 52 week low of $19.25 and a 52 week high of $27.61. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock has a market cap of $776.13 million, a PE ratio of 10.84 and a beta of 0.75. The company’s 50-day moving average price is $25.46 and its two-hundred day moving average price is $24.55.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, October 21st. The bank reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. Hanmi Financial had a net margin of 16.53% and a return on equity of 9.59%. The company had revenue of $70.96 million for the quarter, compared to analysts’ expectations of $67.80 million. As a group, sell-side analysts anticipate that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Shareholders of record on Tuesday, November 4th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Tuesday, November 4th. This represents a $1.08 annualized dividend and a dividend yield of 4.2%. Hanmi Financial’s dividend payout ratio is currently 45.19%.

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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.