Acadian Asset Management LLC Has $10.89 Million Position in Hanmi Financial Corporation $HAFC

Acadian Asset Management LLC lessened its holdings in Hanmi Financial Corporation (NASDAQ:HAFC) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 480,509 shares of the bank’s stock after selling 2,884 shares during the quarter. Acadian Asset Management LLC owned 1.59% of Hanmi Financial worth $10,886,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Northern Trust Corp lifted its stake in shares of Hanmi Financial by 7.0% in the 4th quarter. Northern Trust Corp now owns 328,274 shares of the bank’s stock valued at $7,754,000 after acquiring an additional 21,447 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Hanmi Financial in the 4th quarter valued at about $474,000. Deutsche Bank AG boosted its stake in Hanmi Financial by 48.0% during the 4th quarter. Deutsche Bank AG now owns 29,642 shares of the bank’s stock valued at $700,000 after purchasing an additional 9,613 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Hanmi Financial by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,112 shares of the bank’s stock worth $404,000 after buying an additional 547 shares during the last quarter. Finally, ProShare Advisors LLC purchased a new position in Hanmi Financial in the fourth quarter valued at approximately $214,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Hanmi Financial from $27.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, July 23rd. DA Davidson upped their target price on shares of Hanmi Financial from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Piper Sandler cut their target price on shares of Hanmi Financial from $28.50 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.00.

Hanmi Financial Price Performance

Shares of NASDAQ HAFC opened at $24.84 on Friday. Hanmi Financial Corporation has a fifty-two week low of $17.92 and a fifty-two week high of $27.59. The company has a 50 day simple moving average of $24.49 and a two-hundred day simple moving average of $23.42. The company has a market capitalization of $748.43 million, a price-to-earnings ratio of 11.55 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.98.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). Hanmi Financial had a return on equity of 8.77% and a net margin of 15.11%.The firm had revenue of $65.21 million during the quarter, compared to analysts’ expectations of $65.70 million. During the same quarter in the previous year, the firm earned $0.48 earnings per share. Analysts expect that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Investors of record on Monday, August 4th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, August 4th. Hanmi Financial’s payout ratio is presently 50.23%.

About Hanmi Financial

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.