Shares of Hanmi Financial Corp (NASDAQ:HAFC) have received a consensus rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $32.33.
A number of research firms have recently commented on HAFC. Zacks Investment Research cut shares of Hanmi Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. BidaskClub raised shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $32.00 target price on shares of Hanmi Financial in a report on Friday, December 22nd. Finally, ValuEngine cut shares of Hanmi Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 9th.
In related news, Director John J. Ahn bought 3,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was purchased at an average price of $31.56 per share, with a total value of $94,680.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.66% of the stock is currently owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Hanmi Financial in the third quarter valued at approximately $218,000. Victory Capital Management Inc. increased its stake in shares of Hanmi Financial by 42.6% in the third quarter. Victory Capital Management Inc. now owns 7,291 shares of the bank’s stock valued at $226,000 after buying an additional 2,179 shares during the period. Aperio Group LLC acquired a new position in shares of Hanmi Financial in the third quarter valued at approximately $233,000. Janney Capital Management LLC acquired a new position in shares of Hanmi Financial in the third quarter valued at approximately $258,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Hanmi Financial in the third quarter valued at approximately $275,000. 88.67% of the stock is owned by institutional investors.
Shares of Hanmi Financial (NASDAQ:HAFC) opened at $31.90 on Tuesday. Hanmi Financial has a 52-week low of $25.45 and a 52-week high of $34.55. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.01 and a current ratio of 1.02. The firm has a market cap of $1,034.57, a PE ratio of 18.76, a P/E/G ratio of 1.72 and a beta of 0.64.
Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%. The business had revenue of $54.03 million during the quarter, compared to analysts’ expectations of $54.53 million. analysts expect that Hanmi Financial will post 2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Monday, February 5th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.01%. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.21. Hanmi Financial’s dividend payout ratio is 56.47%.
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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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