Janney Capital Management LLC acquired a new stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,348 shares of the bank’s stock, valued at approximately $258,000.
Other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Hanmi Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,112 shares of the bank’s stock valued at $145,000 after buying an additional 765 shares during the last quarter. Aperio Group LLC bought a new stake in shares of Hanmi Financial during the third quarter valued at approximately $233,000. Municipal Employees Retirement System of Michigan raised its position in shares of Hanmi Financial by 4.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock valued at $217,000 after buying an additional 300 shares during the last quarter. Airain ltd bought a new stake in shares of Hanmi Financial during the second quarter valued at approximately $226,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Hanmi Financial during the third quarter valued at approximately $275,000. Hedge funds and other institutional investors own 90.51% of the company’s stock.
Several research firms have recently issued reports on HAFC. BidaskClub cut shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine upgraded shares of Hanmi Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $28.00 price target on shares of Hanmi Financial and gave the stock a “hold” rating in a research report on Saturday, October 7th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $31.00.
Shares of Hanmi Financial Corporation (HAFC) opened at $30.60 on Wednesday. Hanmi Financial Corporation has a 1 year low of $25.45 and a 1 year high of $35.85. The firm has a market cap of $990.10, a price-to-earnings ratio of 16.97, a P/E/G ratio of 2.11 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00.
Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. Hanmi Financial had a net margin of 24.54% and a return on equity of 10.60%. The company had revenue of $53.74 million for the quarter, compared to analysts’ expectations of $53.30 million. During the same quarter in the previous year, the business posted $0.41 earnings per share. analysts forecast that Hanmi Financial Corporation will post 1.81 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 30th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.75%. The ex-dividend date was Friday, October 27th. Hanmi Financial’s dividend payout ratio is presently 46.93%.
Hanmi Financial Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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