Trexquant Investment LP reduced its position in shares of Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 15.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 110,549 shares of the bank's stock after selling 19,819 shares during the period. Trexquant Investment LP owned about 0.37% of Hanmi Financial worth $2,505,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC raised its position in shares of Hanmi Financial by 91.4% during the 1st quarter. GAMMA Investing LLC now owns 1,426 shares of the bank's stock valued at $32,000 after acquiring an additional 681 shares in the last quarter. Curat Global LLC acquired a new stake in shares of Hanmi Financial during the 1st quarter valued at approximately $42,000. US Bancorp DE acquired a new stake in shares of Hanmi Financial during the 1st quarter valued at approximately $42,000. Quantbot Technologies LP raised its position in shares of Hanmi Financial by 151.1% during the 1st quarter. Quantbot Technologies LP now owns 6,134 shares of the bank's stock valued at $139,000 after acquiring an additional 3,691 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Hanmi Financial by 6.6% during the 4th quarter. Point72 Asset Management L.P. now owns 8,527 shares of the bank's stock valued at $201,000 after acquiring an additional 527 shares in the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HAFC has been the topic of several research reports. DA Davidson upped their price target on Hanmi Financial from $26.00 to $27.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Piper Sandler dropped their target price on Hanmi Financial from $28.50 to $28.00 and set an "overweight" rating on the stock in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods increased their target price on Hanmi Financial from $27.00 to $28.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.00.
View Our Latest Analysis on Hanmi Financial
Hanmi Financial Stock Performance
NASDAQ HAFC traded down $0.16 during trading hours on Tuesday, hitting $24.98. The company had a trading volume of 16,970 shares, compared to its average volume of 181,341. Hanmi Financial Corporation has a fifty-two week low of $17.90 and a fifty-two week high of $27.59. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The business has a fifty day simple moving average of $24.58 and a 200-day simple moving average of $23.38. The firm has a market cap of $752.58 million, a P/E ratio of 11.63 and a beta of 0.78.
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 return on equity of 8.77% and a net margin of 15.11%.The business had revenue of $65.21 million during the quarter, compared to the consensus estimate of $65.70 million. During the same period in the previous year, the company posted $0.48 EPS. Equities analysts predict that Hanmi Financial Corporation will post 2.6 EPS for the current year.
Hanmi Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders 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 annualized dividend and a dividend yield of 4.3%. Hanmi Financial's dividend payout ratio is presently 50.23%.
About Hanmi Financial
(
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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