Martingale Asset Management L P Purchases New Holdings in Hanmi Financial Corporation $HAFC

Key Points

• Martingale Asset Management L P has acquired a new stake in Hanmi Financial Corporation, purchasing 43,104 shares valued at approximately $977,000, which represents 0.14% of the company's stock.
• Several institutional investors have increased their stakes in Hanmi Financial, with Dimensional Fund Advisors boosting its holdings by 1.8% and LSV Asset Management by 16.4% during the recent quarters.
• Hanmi Financial's recent quarterly earnings report showed an EPS of $0.50, missing the consensus estimate of $0.62, and the company's stock has an average analyst rating of "Hold" with a target price of $26.00.

Martingale Asset Management L P purchased a new stake in Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 43,104 shares of the bank's stock, valued at approximately $977,000. Martingale Asset Management L P owned 0.14% of Hanmi Financial as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in HAFC. Dimensional Fund Advisors LP boosted its holdings in Hanmi Financial by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,776,133 shares of the bank's stock valued at $41,952,000 after purchasing an additional 31,634 shares in the last quarter. LSV Asset Management boosted its holdings in Hanmi Financial by 16.4% in the 1st quarter. LSV Asset Management now owns 1,376,791 shares of the bank's stock valued at $31,198,000 after purchasing an additional 193,610 shares in the last quarter. American Century Companies Inc. boosted its holdings in Hanmi Financial by 10.1% in the 1st quarter. American Century Companies Inc. now owns 818,831 shares of the bank's stock valued at $18,555,000 after purchasing an additional 75,365 shares in the last quarter. Rhino Investment Partners Inc purchased a new stake in Hanmi Financial in the 4th quarter valued at approximately $15,400,000. Finally, Stieven Capital Advisors L.P. boosted its holdings in Hanmi Financial by 9.2% in the 1st quarter. Stieven Capital Advisors L.P. now owns 608,076 shares of the bank's stock valued at $13,779,000 after purchasing an additional 51,323 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company's stock.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $24.95 on Monday. The business's 50 day simple moving average is $24.24 and its 200-day simple moving average is $23.33. The firm has a market capitalization of $751.74 million, a price-to-earnings ratio of 11.60 and a beta of 0.76. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.97. Hanmi Financial Corporation has a 12 month low of $17.90 and a 12 month high of $27.59.

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). Hanmi Financial had a return on equity of 8.77% and a net margin of 15.11%.The firm had revenue of $65.21 million for the quarter, compared to analysts' expectations of $65.70 million. During the same period last year, the firm earned $0.48 EPS. As a group, equities analysts forecast that Hanmi Financial Corporation will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, August 4th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.08 dividend on an annualized basis and a yield of 4.3%. Hanmi Financial's dividend payout ratio is presently 50.23%.

Analyst Ratings Changes

HAFC has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on Hanmi Financial from $28.50 to $28.00 and set an "overweight" rating on the stock in a report on Thursday, July 24th. DA Davidson lifted their price objective on Hanmi Financial from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Hanmi Financial from $27.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $26.00.

About Hanmi Financial

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.

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