Segall Bryant & Hamill LLC Purchases Shares of 80,562 Hanmi Financial Corporation (NASDAQ:HAFC)

Segall Bryant & Hamill LLC acquired a new stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 80,562 shares of the bank's stock, valued at approximately $1,826,000. Segall Bryant & Hamill LLC owned approximately 0.27% of Hanmi Financial as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HAFC. GAMMA Investing LLC raised its stake in Hanmi Financial by 91.4% during the first quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock worth $32,000 after purchasing an additional 681 shares during the period. Curat Global LLC purchased a new position in Hanmi Financial during the first quarter worth about $42,000. Quantbot Technologies LP raised its stake in Hanmi Financial by 5,858.5% during the fourth quarter. Quantbot Technologies LP now owns 2,443 shares of the bank's stock worth $58,000 after purchasing an additional 2,402 shares during the period. Aquatic Capital Management LLC purchased a new position in Hanmi Financial during the fourth quarter worth about $79,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Hanmi Financial during the fourth quarter worth about $132,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Stock Down 11.3%

Shares of HAFC traded down $2.95 during trading hours on Wednesday, reaching $23.17. The company's stock had a trading volume of 458,861 shares, compared to its average volume of 194,419. The firm has a market cap of $700.01 million, a price-to-earnings ratio of 10.78 and a beta of 0.73. Hanmi Financial Corporation has a 1-year low of $17.37 and a 1-year high of $27.59. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $24.19 and a two-hundred day moving average of $23.30.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.50 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.12). The firm had revenue of $65.21 million during the quarter, compared to the consensus estimate of $65.70 million. Hanmi Financial had a net margin of 15.11% and a return on equity of 8.83%. During the same period in the previous year, the firm posted $0.48 EPS. As a group, research analysts predict that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.66%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's payout ratio is presently 50.23%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HAFC. Keefe, Bruyette & Woods upped their target price on shares of Hanmi Financial from $27.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday. DA Davidson increased their price target on shares of Hanmi Financial from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hanmi Financial currently has a consensus rating of "Hold" and an average price target of $25.38.

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