WINTON GROUP Ltd Has $1.64 Million Stock Position in Hanmi Financial Corporation $HAFC

Key Points

• WINTON GROUP Ltd cut its Hanmi Financial stake by 56% in the second quarter, selling 64,266 shares and retaining 50,486 shares valued at approximately $1.64 million. Institutional investors collectively own 88.66% of the company.
• Hanmi Financial reported quarterly EPS of $0.79, beating estimates by $0.02, while revenue of $72.21 million fell short of analyst expectations. The company maintains a quarterly dividend of $0.28 per share, yielding about 3.5% annually.
• The stock opened at $31.80 and has a consensus analyst rating of “Hold”, with an average price target of $33.00; targets from individual analysts range from $32.00 to $34.00.

WINTON GROUP Ltd lessened its position in shares of Hanmi Financial Corporation (NASDAQ:HAFC - Free Report) by 56.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 50,486 shares of the bank's stock after selling 64,266 shares during the quarter. WINTON GROUP Ltd owned approximately 0.17% of Hanmi Financial worth $1,636,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Hanmi Financial by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 2,201,736 shares of the bank's stock valued at $59,513,000 after purchasing an additional 45,511 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Hanmi Financial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,760,855 shares of the bank's stock worth $46,416,000 after buying an additional 56,102 shares during the last quarter. State Street Corp lifted its holdings in Hanmi Financial by 0.3% in the fourth quarter. State Street Corp now owns 1,349,873 shares of the bank's stock valued at $36,487,000 after buying an additional 4,651 shares during the period. California State Teachers Retirement System lifted its holdings in Hanmi Financial by 3,695.6% in the second quarter. California State Teachers Retirement System now owns 1,051,769 shares of the bank's stock valued at $32,462,000 after buying an additional 1,024,059 shares during the period. Finally, Rhino Investment Partners Inc boosted its position in Hanmi Financial by 4.9% during the first quarter. Rhino Investment Partners Inc now owns 881,957 shares of the bank's stock valued at $23,248,000 after acquiring an additional 41,008 shares during the last quarter. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Trading Down 0.3%

NASDAQ:HAFC opened at $31.80 on Friday. Hanmi Financial Corporation has a 12 month low of $22.85 and a 12 month high of $33.50. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $942.87 million, a price-to-earnings ratio of 10.71 and a beta of 0.72. The firm has a fifty day simple moving average of $31.85 and a two-hundred day simple moving average of $29.86.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $72.21 million for the quarter, compared to analyst estimates of $74.03 million. Hanmi Financial had a net margin of 19.82% and a return on equity of 11.20%. Analysts expect that Hanmi Financial Corporation will post 3.18 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, August 3rd were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 3rd. Hanmi Financial's dividend payout ratio is 37.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HAFC. Brean Capital reiterated a "neutral" rating and set a $32.00 price target on shares of Hanmi Financial in a report on Thursday, May 28th. Weiss Ratings reissued a "buy (b)" rating on shares of Hanmi Financial in a research note on Wednesday, June 24th. DA Davidson upped their target price on Hanmi Financial from $31.50 to $34.00 and gave the company a "neutral" rating in a research report on Thursday, July 23rd. Finally, Capital One Financial set a $32.00 target price on Hanmi Financial in a research note on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Hanmi Financial currently has a consensus rating of "Hold" and a consensus price target of $33.00.

Hanmi Financial Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.

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