Dimensional Fund Advisors LP Buys 56,102 Shares of Hanmi Financial Corporation $HAFC

Dimensional Fund Advisors LP increased its position in shares of Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 3.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,760,855 shares of the bank's stock after purchasing an additional 56,102 shares during the period. Dimensional Fund Advisors LP owned approximately 5.92% of Hanmi Financial worth $46,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its position in Hanmi Financial by 2.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 15,900 shares of the bank's stock valued at $419,000 after buying an additional 342 shares during the period. Unison Advisors LLC raised its position in Hanmi Financial by 1.1% during the 4th quarter. Unison Advisors LLC now owns 32,259 shares of the bank's stock valued at $872,000 after purchasing an additional 356 shares in the last quarter. Royal Bank of Canada raised its position in Hanmi Financial by 30.5% during the 4th quarter. Royal Bank of Canada now owns 1,880 shares of the bank's stock valued at $51,000 after purchasing an additional 439 shares in the last quarter. Cerity Partners LLC increased its stake in shares of Hanmi Financial by 1.7% during the second quarter. Cerity Partners LLC now owns 36,771 shares of the bank's stock valued at $908,000 after buying an additional 632 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hanmi Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank's stock valued at $405,000 after acquiring an additional 780 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company's stock.

Insider Buying and Selling

In other Hanmi Financial news, insider Anthony I. Kim sold 5,333 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $30.73, for a total transaction of $163,883.09. Following the sale, the insider owned 41,615 shares of the company's stock, valued at approximately $1,278,828.95. The trade was a 11.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.12% of the stock is owned by company insiders.

Hanmi Financial Stock Performance

Shares of NASDAQ:HAFC opened at $31.88 on Monday. The business's 50-day moving average is $31.55 and its 200 day moving average is $29.03. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.97. Hanmi Financial Corporation has a 1 year low of $22.00 and a 1 year high of $33.50. The firm has a market capitalization of $949.07 million, a P/E ratio of 10.73 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The bank reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Hanmi Financial had a return on equity of 11.20% and a net margin of 19.82%.The business had revenue of $72.21 million during the quarter, compared to the consensus estimate of $74.03 million. On average, research analysts predict that Hanmi Financial Corporation will post 3.18 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Investors of record on Monday, August 3rd will be paid a $0.28 dividend. The ex-dividend date is Monday, August 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 3.5%. Hanmi Financial's dividend payout ratio (DPR) is 37.71%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on HAFC shares. Piper Sandler upped their price objective on shares of Hanmi Financial from $32.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, April 27th. Capital One Financial set a $32.00 price target on shares of Hanmi Financial in a report on Thursday, May 28th. Keefe, Bruyette & Woods upped their price target on shares of Hanmi Financial from $31.50 to $32.00 and gave the stock a "market perform" rating in a research report on Thursday, April 9th. Weiss Ratings reiterated a "buy (b)" rating on shares of Hanmi Financial in a research note on Wednesday, June 24th. Finally, Brean Capital reissued a "neutral" rating and set a $32.00 price objective on shares of Hanmi Financial in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $33.00.

Hanmi Financial Company Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.

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