BlackRock Inc. grew its stake in Hanmi Financial Corporation (NASDAQ:HAFC) by 0.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,007,958 shares of the bank’s stock after buying an additional 24,016 shares during the period. BlackRock Inc. owned 12.49% of Hanmi Financial Corporation worth $114,026,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the company. Nationwide Fund Advisors boosted its stake in Hanmi Financial Corporation by 15.9% during the 2nd quarter. Nationwide Fund Advisors now owns 186,472 shares of the bank’s stock worth $5,305,000 after purchasing an additional 25,593 shares during the period. Ameriprise Financial Inc. boosted its stake in Hanmi Financial Corporation by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 223,715 shares of the bank’s stock worth $6,365,000 after purchasing an additional 651 shares during the period. Teachers Advisors LLC boosted its stake in Hanmi Financial Corporation by 10.1% during the 2nd quarter. Teachers Advisors LLC now owns 64,084 shares of the bank’s stock worth $1,823,000 after purchasing an additional 5,885 shares during the period. Systematic Financial Management LP boosted its stake in Hanmi Financial Corporation by 0.5% during the 2nd quarter. Systematic Financial Management LP now owns 551,085 shares of the bank’s stock worth $15,678,000 after purchasing an additional 2,840 shares during the period. Finally, CIBC World Markets Inc. acquired a new stake in Hanmi Financial Corporation during the 2nd quarter worth $1,211,000. Institutional investors and hedge funds own 88.65% of the company’s stock.
A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. Keefe, Bruyette & Woods set a $28.00 target price on shares of Hanmi Financial Corporation and gave the stock a “hold” rating in a research note on Saturday, October 7th. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 target price on shares of Hanmi Financial Corporation in a research note on Friday, October 6th. ValuEngine upgraded shares of Hanmi Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 27th. Finally, BidaskClub cut shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $31.00.
Hanmi Financial Corporation (NASDAQ HAFC) opened at 31.40 on Friday. The stock has a 50 day moving average of $29.71 and a 200-day moving average of $28.58. Hanmi Financial Corporation has a one year low of $23.72 and a one year high of $35.85. The stock has a market cap of $1.02 billion, a P/E ratio of 17.74 and a beta of 0.81.
Hanmi Financial Corporation (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $53.74 million for the quarter, compared to analyst estimates of $53.30 million. Hanmi Financial Corporation had a return on equity of 10.60% and a net margin of 24.54%. During the same quarter in the previous year, the firm earned $0.41 EPS. Analysts anticipate that Hanmi Financial Corporation will post $1.81 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 30th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Friday, October 27th. Hanmi Financial Corporation’s dividend payout ratio (DPR) is 46.93%.
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Hanmi Financial Corporation 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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