Royce & Associates LP lowered its holdings in Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,908 shares of the bank's stock after selling 18,952 shares during the quarter. Royce & Associates LP owned 0.59% of Hanmi Financial worth $4,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Hanmi Financial by 91.4% in 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 last quarter. Curat Global LLC purchased a new position in shares of Hanmi Financial in the first quarter worth $42,000. Quantbot Technologies LP raised its stake in shares of Hanmi Financial by 5,858.5% in 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 last quarter. Aquatic Capital Management LLC purchased a new position in shares of Hanmi Financial in the fourth quarter worth $79,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Hanmi Financial in the fourth quarter worth $132,000. Hedge funds and other institutional investors own 88.66% of the company's stock.
Hanmi Financial Stock Performance
NASDAQ:HAFC opened at $23.40 on Monday. The stock has a 50-day simple moving average of $24.16 and a two-hundred day simple moving average of $23.32. Hanmi Financial Corporation has a 52-week low of $17.37 and a 52-week high of $27.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.98. The firm has a market capitalization of $706.91 million, a PE ratio of 10.88 and a beta of 0.73.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.12). Hanmi Financial had a net margin of 15.11% and a return on equity of 8.77%. The company had revenue of $65.21 million for the quarter, compared to the consensus estimate of $65.70 million. During the same period in the prior year, the firm posted $0.48 EPS. Analysts forecast that Hanmi Financial Corporation will post 2.6 EPS for the current year.
Hanmi Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 20th. Shareholders of record on Monday, August 4th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.62%. The ex-dividend date of this dividend is Monday, August 4th. Hanmi Financial's dividend payout ratio is presently 50.23%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Hanmi Financial from $27.00 to $28.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Piper Sandler reduced their price objective on Hanmi Financial from $28.50 to $28.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, DA Davidson upped their price objective on Hanmi Financial from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $26.00.
Read Our Latest Stock Analysis on Hanmi Financial
Hanmi Financial Profile
(
Free Report)
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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