Northern Trust Corp Boosts Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Northern Trust Corp boosted its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,274 shares of the bank's stock after acquiring an additional 21,447 shares during the quarter. Northern Trust Corp owned 1.09% of Hanmi Financial worth $7,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of HAFC. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Hanmi Financial by 24.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 17,582 shares of the bank's stock valued at $415,000 after purchasing an additional 3,400 shares during the period. R Squared Ltd bought a new stake in shares of Hanmi Financial in the 4th quarter worth $43,000. EMC Capital Management increased its holdings in shares of Hanmi Financial by 162.4% in the 4th quarter. EMC Capital Management now owns 11,768 shares of the bank's stock worth $278,000 after purchasing an additional 7,284 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Hanmi Financial by 5.1% in the fourth quarter. Empowered Funds LLC now owns 108,704 shares of the bank's stock worth $2,568,000 after acquiring an additional 5,258 shares during the period. Finally, Savant Capital LLC grew its holdings in shares of Hanmi Financial by 4.4% in the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock worth $431,000 after acquiring an additional 776 shares during the period. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a "neutral" rating and set a $27.50 price target on shares of Hanmi Financial in a report on Thursday, January 30th. Three 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, the company currently has a consensus rating of "Hold" and a consensus target price of $25.75.

Hanmi Financial Stock Down 0.2%

Hanmi Financial stock traded down $0.04 during mid-day trading on Friday, reaching $22.81. 93,281 shares of the company were exchanged, compared to its average volume of 203,343. The business has a fifty day moving average of $22.46 and a 200 day moving average of $23.53. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $689.14 million, a P/E ratio of 11.13 and a beta of 0.67. Hanmi Financial Co. has a 12-month low of $14.95 and a 12-month high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.57 by $0.01. The company had revenue of $62.82 million during the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. Research analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend was Monday, May 5th. Hanmi Financial's dividend payout ratio (DPR) is presently 50.70%.

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.