Hanmi Financial (NASDAQ:HAFC) Given "Market Perform" Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods restated their market perform rating on shares of Hanmi Financial (NASDAQ:HAFC - Free Report) in a report released on Wednesday, Benzinga reports. They currently have a $18.00 price objective on the bank's stock, down from their previous price objective of $18.50.

Separately, Wedbush restated a neutral rating and set a $17.00 price target on shares of Hanmi Financial in a research report on Wednesday.

Hanmi Financial Stock Performance

Hanmi Financial stock traded down $0.50 during trading hours on Wednesday, hitting $15.14. The stock had a trading volume of 295,584 shares, compared to its average volume of 283,990. The company has a 50-day moving average of $15.23 and a two-hundred day moving average of $16.45. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.65. The company has a market cap of $458.44 million, a PE ratio of 5.62 and a beta of 0.95. Hanmi Financial has a fifty-two week low of $13.35 and a fifty-two week high of $20.31.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $59.82 million during the quarter, compared to analysts' expectations of $63.43 million. Hanmi Financial had a return on equity of 11.88% and a net margin of 19.84%. On average, equities research analysts anticipate that Hanmi Financial will post 2.15 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 22nd. Stockholders of record on Monday, February 5th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date was Friday, February 2nd. Hanmi Financial's dividend payout ratio (DPR) is currently 38.17%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its stake in Hanmi Financial by 107.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank's stock worth $4,734,000 after buying an additional 150,861 shares during the period. American Century Companies Inc. increased its holdings in Hanmi Financial by 10.8% during the 3rd quarter. American Century Companies Inc. now owns 358,918 shares of the bank's stock worth $5,825,000 after purchasing an additional 35,104 shares in the last quarter. Alps Advisors Inc. increased its holdings in Hanmi Financial by 35.7% during the 3rd quarter. Alps Advisors Inc. now owns 20,088 shares of the bank's stock worth $326,000 after purchasing an additional 5,282 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Hanmi Financial by 148.3% during the 3rd quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank's stock worth $861,000 after purchasing an additional 31,682 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Hanmi Financial by 1.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank's stock worth $3,385,000 after purchasing an additional 3,494 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company's stock.

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.