American International Group Inc. trimmed its holdings in shares of Hanmi Financial Corp (NASDAQ:HAFC) by 7.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,018 shares of the bank’s stock after selling 1,739 shares during the period. American International Group Inc.’s holdings in Hanmi Financial were worth $490,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Morgan Stanley increased its stake in Hanmi Financial by 17.1% in the 3rd quarter. Morgan Stanley now owns 163,399 shares of the bank’s stock worth $4,068,000 after acquiring an additional 23,862 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Hanmi Financial by 3.8% in the 4th quarter. Arizona State Retirement System now owns 48,941 shares of the bank’s stock worth $964,000 after purchasing an additional 1,777 shares during the period. Xact Kapitalforvaltning AB boosted its holdings in shares of Hanmi Financial by 52.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 16,509 shares of the bank’s stock worth $325,000 after purchasing an additional 5,700 shares during the period. Rhumbline Advisers boosted its holdings in shares of Hanmi Financial by 16.2% in the 4th quarter. Rhumbline Advisers now owns 111,445 shares of the bank’s stock worth $2,195,000 after purchasing an additional 15,518 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Hanmi Financial by 24.5% in the 4th quarter. SG Americas Securities LLC now owns 35,556 shares of the bank’s stock worth $700,000 after purchasing an additional 6,988 shares during the period. Hedge funds and other institutional investors own 89.65% of the company’s stock.
In related news, Director Joseph K. Rho sold 21,204 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $22.79, for a total transaction of $483,239.16. Following the completion of the transaction, the director now owns 300,839 shares in the company, valued at approximately $6,856,120.81. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph K. Rho sold 64,499 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $22.32, for a total value of $1,439,617.68. Following the transaction, the director now owns 363,538 shares of the company’s stock, valued at approximately $8,114,168.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 112,999 shares of company stock valued at $2,535,296. 2.90% of the stock is owned by company insiders.
Shares of Hanmi Financial stock opened at $21.48 on Friday. The company has a market capitalization of $662.21 million, a PE ratio of 11.31, a P/E/G ratio of 1.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.97. Hanmi Financial Corp has a one year low of $17.56 and a one year high of $30.45.
Hanmi Financial (NASDAQ:HAFC) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. The firm had revenue of $51.14 million during the quarter, compared to analysts’ expectations of $51.20 million. Hanmi Financial had a return on equity of 10.71% and a net margin of 21.65%. As a group, research analysts forecast that Hanmi Financial Corp will post 2.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 6th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date of this dividend was Friday, May 3rd. Hanmi Financial’s dividend payout ratio (DPR) is 50.53%.
A number of brokerages have recently commented on HAFC. BidaskClub upgraded Hanmi Financial from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. TheStreet upgraded Hanmi Financial from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. Zacks Investment Research cut Hanmi Financial from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Finally, ValuEngine upgraded Hanmi Financial from a “strong sell” rating to a “sell” rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Hanmi Financial has an average rating of “Hold” and a consensus target price of $27.33.
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Hanmi Financial Company Profile
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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