Shares of Hanmi Financial Corp (NASDAQ:HAFC) hit a new 52-week low during trading on Friday . The stock traded as low as $17.42 and last traded at $17.45, with a volume of 2473 shares changing hands. The stock had previously closed at $18.17.
HAFC has been the subject of several analyst reports. BidaskClub downgraded shares of Hanmi Financial from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. ValuEngine downgraded shares of Hanmi Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday. DA Davidson downgraded shares of Hanmi Financial from a “buy” rating to a “neutral” rating and lowered their target price for the company from $27.00 to $21.50 in a report on Monday, August 12th. TheStreet downgraded shares of Hanmi Financial from a “b-” rating to a “c+” rating in a report on Monday, August 12th. Finally, Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.17.
The company has a market cap of $556.09 million, a P/E ratio of 9.12 and a beta of 1.10. The company’s 50-day moving average is $20.56 and its two-hundred day moving average is $21.74. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.21.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 9th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a $0.96 annualized dividend and a yield of 5.54%. Hanmi Financial’s payout ratio is currently 50.53%.
A number of institutional investors and hedge funds have recently bought and sold shares of HAFC. Royal Bank of Canada raised its position in Hanmi Financial by 15.1% in the 2nd quarter. Royal Bank of Canada now owns 20,854 shares of the bank’s stock worth $464,000 after buying an additional 2,735 shares during the last quarter. Susquehanna International Group LLP purchased a new position in Hanmi Financial in the 2nd quarter worth about $344,000. Anderson Fisher LLC raised its position in Hanmi Financial by 39.2% in the 2nd quarter. Anderson Fisher LLC now owns 11,334 shares of the bank’s stock worth $252,000 after buying an additional 3,192 shares during the last quarter. Nuveen Asset Management LLC purchased a new position in Hanmi Financial in the 2nd quarter worth about $8,240,000. Finally, UBS Asset Management Americas Inc. raised its position in Hanmi Financial by 32.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,651 shares of the bank’s stock worth $371,000 after buying an additional 4,032 shares during the last quarter. Institutional investors own 88.74% of the company’s stock.
About Hanmi Financial (NASDAQ:HAFC)
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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