Several other equities research analysts also recently issued reports on the stock. TheStreet downgraded shares of Hanmi Financial from a b- rating to a c+ rating in a research note on Monday, August 12th. ValuEngine raised shares of Hanmi Financial from a strong sell rating to a sell rating in a research report on Tuesday, August 27th. DA Davidson lowered shares of Hanmi Financial from a buy rating to a neutral rating and reduced their price target for the stock from $27.00 to $21.50 in a research report on Monday, August 12th. Finally, Zacks Investment Research raised shares of Hanmi Financial from a sell rating to a hold rating in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $24.17.
NASDAQ HAFC traded up $0.18 during trading hours on Thursday, hitting $19.20. 131,986 shares of the company’s stock traded hands, compared to its average volume of 167,052. Hanmi Financial has a 52-week low of $17.01 and a 52-week high of $26.45. The company has a market capitalization of $574.95 million, a PE ratio of 10.11 and a beta of 1.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.97. The firm’s 50-day moving average is $18.97 and its 200-day moving average is $21.27.
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.00%. Hanmi Financial’s payout ratio is 50.53%.
Several large investors have recently added to or reduced their stakes in HAFC. BNP Paribas Arbitrage SA lifted its stake in Hanmi Financial by 52,675.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,333 shares of the bank’s stock worth $135,000 after purchasing an additional 6,321 shares during the last quarter. Janney Capital Management LLC grew its holdings in shares of Hanmi Financial by 13.9% during the second quarter. Janney Capital Management LLC now owns 15,081 shares of the bank’s stock valued at $336,000 after buying an additional 1,844 shares during the last quarter. Anderson Fisher LLC purchased a new stake in shares of Hanmi Financial during the first quarter valued at $173,000. Aperio Group LLC grew its holdings in shares of Hanmi Financial by 8.7% during the second quarter. Aperio Group LLC now owns 33,205 shares of the bank’s stock valued at $739,000 after buying an additional 2,663 shares during the last quarter. Finally, Sun Life Financial INC grew its holdings in shares of Hanmi Financial by 78.5% during the second quarter. Sun Life Financial INC now owns 24,143 shares of the bank’s stock valued at $538,000 after buying an additional 10,621 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.
Hanmi Financial Company Profile
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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