Hanmi Financial Corporation (HAFC) To Go Ex-Dividend on August 3rd

Hanmi Financial Corporation (NASDAQ:HAFC) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.28 per share by the bank on Wednesday, August 19th. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 3rd.

Hanmi Financial has raised its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Hanmi Financial has a dividend payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hanmi Financial to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 33.1%.

Hanmi Financial Trading Up 0.6%

Shares of NASDAQ:HAFC opened at $31.88 on Friday. Hanmi Financial has a 52-week low of $22.00 and a 52-week high of $33.50. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $948.94 million, a P/E ratio of 10.73 and a beta of 0.72. The company has a 50-day simple moving average of $31.55 and a 200 day simple moving average of $29.02.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, July 21st. The bank reported $0.79 EPS for the quarter, topping the consensus estimate of $0.77 by $0.02. The company had revenue of $72.21 million during the quarter, compared to the consensus estimate of $74.03 million. Hanmi Financial had a return on equity of 11.20% and a net margin of 19.82%. Sell-side analysts forecast that Hanmi Financial will post 3.18 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Anthony I. Kim sold 5,333 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $30.73, for a total transaction of $163,883.09. Following the sale, the insider directly owned 41,615 shares in the company, valued at approximately $1,278,828.95. The trade was a 11.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.12% of the company’s stock.

Institutional Investors Weigh In On Hanmi Financial

A number of institutional investors have recently modified their holdings of HAFC. Vanguard Group Inc. grew its holdings in Hanmi Financial by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 2,201,736 shares of the bank’s stock worth $59,513,000 after buying an additional 45,511 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Hanmi Financial by 287.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 83,475 shares of the bank’s stock worth $2,257,000 after acquiring an additional 61,928 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. bought a new stake in shares of Hanmi Financial in the 4th quarter worth $2,263,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Hanmi Financial by 26.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 413,571 shares of the bank’s stock valued at $10,902,000 after purchasing an additional 87,655 shares during the last quarter. Finally, Rhino Investment Partners Inc lifted its position in shares of 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 purchasing an additional 41,008 shares in the last quarter. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Company 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.