Rhumbline Advisers reduced its position in shares of Hanmi Financial Co. (NASDAQ:HAFC – Free Report) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 94,167 shares of the bank’s stock after selling 442 shares during the period. Rhumbline Advisers’ holdings in Hanmi Financial were worth $2,224,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HAFC. JPMorgan Chase & Co. increased its holdings in shares of Hanmi Financial by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after buying an additional 349,339 shares in the last quarter. Barclays PLC grew its position in Hanmi Financial by 74.0% during the 3rd quarter. Barclays PLC now owns 67,158 shares of the bank’s stock worth $1,248,000 after acquiring an additional 28,561 shares during the last quarter. Jane Street Group LLC boosted its position in Hanmi Financial by 24.7% during the 3rd quarter. Jane Street Group LLC now owns 60,051 shares of the bank’s stock worth $1,117,000 after buying an additional 11,911 shares during the period. Versant Capital Management Inc lifted its holdings in Hanmi Financial by 110.7% during the 4th quarter. Versant Capital Management Inc now owns 1,970 shares of the bank’s stock worth $47,000 after buying an additional 1,035 shares during the period. Finally, Principal Financial Group Inc. increased its position in Hanmi Financial by 10.3% during the 3rd quarter. Principal Financial Group Inc. now owns 164,299 shares of the bank’s stock valued at $3,056,000 after purchasing an additional 15,385 shares during the period. 88.66% of the stock is currently owned by institutional investors.
Hanmi Financial Trading Down 0.7 %
Shares of HAFC stock opened at $23.85 on Tuesday. The stock has a market capitalization of $720.17 million, a price-to-earnings ratio of 11.63 and a beta of 0.88. The company’s fifty day simple moving average is $23.54 and its two-hundred day simple moving average is $22.51. Hanmi Financial Co. has a 1 year low of $14.45 and a 1 year high of $27.59. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99.
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last posted its earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. As a group, analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current year.
Hanmi Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a $0.27 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 4.53%. Hanmi Financial’s payout ratio is currently 52.68%.
Analysts Set New Price Targets
HAFC has been the subject of several research analyst reports. DA Davidson reissued a “neutral” rating and issued a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $29.00 price target (up from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Finally, Janney Montgomery Scott raised Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Hanmi Financial has an average rating of “Hold” and an average price target of $25.75.
View Our Latest Research Report on Hanmi Financial
About Hanmi Financial
(Free Report)
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.
Further Reading
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