First Trust Advisors LP trimmed its holdings in Hanmi Financial Corporation (NASDAQ:HAFC) by 63.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,755 shares of the bank’s stock after selling 111,812 shares during the quarter. First Trust Advisors LP owned about 0.20% of Hanmi Financial Corporation worth $1,871,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of HAFC. Teachers Advisors LLC grew its holdings in Hanmi Financial Corporation by 2.8% in the 4th quarter. Teachers Advisors LLC now owns 56,707 shares of the bank’s stock worth $1,979,000 after buying an additional 1,552 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Hanmi Financial Corporation by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the bank’s stock worth $406,000 after buying an additional 200 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Hanmi Financial Corporation by 2.3% in the 1st quarter. State of Alaska Department of Revenue now owns 3,570 shares of the bank’s stock worth $109,000 after buying an additional 80 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Hanmi Financial Corporation by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 208,259 shares of the bank’s stock worth $6,404,000 after buying an additional 1,550 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in Hanmi Financial Corporation by 7.6% in the 1st quarter. Great West Life Assurance Co. Can now owns 45,193 shares of the bank’s stock worth $1,387,000 after buying an additional 3,180 shares in the last quarter. 88.39% of the stock is owned by institutional investors and hedge funds.
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Shares of Hanmi Financial Corporation (NASDAQ HAFC) opened at 27.40 on Wednesday. The firm has a market capitalization of $879.18 million, a P/E ratio of 15.93 and a beta of 0.78. Hanmi Financial Corporation has a 52-week low of $22.78 and a 52-week high of $35.85. The firm has a 50-day moving average price of $27.48 and a 200-day moving average price of $28.83.
Hanmi Financial Corporation (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. The business had revenue of $52.88 million during the quarter, compared to analyst estimates of $50.85 million. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. During the same quarter last year, the business posted $0.44 earnings per share. On average, equities research analysts anticipate that Hanmi Financial Corporation will post $1.82 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Friday, July 28th were issued a $0.21 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.07%. This is a positive change from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. Hanmi Financial Corporation’s dividend payout ratio (DPR) is currently 48.28%.
A number of equities analysts recently issued reports on the company. Zacks Investment Research raised Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. Piper Jaffray Companies reissued a “hold” rating and issued a $31.00 price objective on shares of Hanmi Financial Corporation in a report on Wednesday, July 12th. BidaskClub lowered Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, ValuEngine lowered Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.00.
Hanmi Financial Corporation Company 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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