Northern Trust Corp Has $7.75 Million Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

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

Several other large investors have also recently bought and sold shares of HAFC. Smartleaf Asset Management LLC increased its position in Hanmi Financial by 227.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock worth $25,000 after buying an additional 747 shares during the last quarter. Savant Capital LLC boosted its position in Hanmi Financial by 4.4% during the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock worth $431,000 after purchasing an additional 776 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Hanmi Financial by 1.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,303 shares of the bank's stock worth $1,944,000 after purchasing an additional 877 shares during the period. Legal & General Group Plc boosted its position in Hanmi Financial by 1.2% during the fourth quarter. Legal & General Group Plc now owns 80,571 shares of the bank's stock worth $1,903,000 after purchasing an additional 994 shares during the period. Finally, MetLife Investment Management LLC boosted its position in Hanmi Financial by 5.6% during the fourth quarter. MetLife Investment Management LLC now owns 18,687 shares of the bank's stock worth $441,000 after purchasing an additional 995 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.

Hanmi Financial Stock Performance

NASDAQ HAFC traded down $0.61 during trading on Wednesday, hitting $23.05. The company's stock had a trading volume of 112,381 shares, compared to its average volume of 203,159. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The firm has a market cap of $696.39 million, a P/E ratio of 11.24 and a beta of 0.67. The firm has a 50 day moving average price of $22.43 and a 200 day moving average price of $23.54. Hanmi Financial Co. has a 52 week low of $14.95 and a 52 week high of $27.59.

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

Hanmi Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.08 annualized dividend and a yield of 4.69%. Hanmi Financial's dividend payout ratio is 50.70%.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed a "neutral" rating and set a $27.50 target price on shares of Hanmi Financial in a research 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.com, the company currently has a consensus rating of "Hold" and an average target price of $25.75.

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.