Sei Investments Co. Has $1.34 Million Stock Position in Hanmi Financial Corporation $HAFC

Sei Investments Co. grew its position in Hanmi Financial Corporation (NASDAQ:HAFC) by 212.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,903 shares of the bank’s stock after acquiring an additional 34,607 shares during the quarter. Sei Investments Co.’s holdings in Hanmi Financial were worth $1,342,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HAFC. Assetmark Inc. increased its position in shares of Hanmi Financial by 35,033.3% during the first quarter. Assetmark Inc. now owns 1,054 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,051 shares during the period. Royal Bank of Canada lifted its position in Hanmi Financial by 30.5% in the fourth quarter. Royal Bank of Canada now owns 1,880 shares of the bank’s stock worth $51,000 after purchasing an additional 439 shares during the period. EverSource Wealth Advisors LLC lifted its position in Hanmi Financial by 343.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock worth $56,000 after purchasing an additional 1,764 shares during the period. Tower Research Capital LLC TRC boosted its stake in Hanmi Financial by 148.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock worth $60,000 after buying an additional 1,442 shares in the last quarter. Finally, SummitTX Capital L.P. acquired a new stake in Hanmi Financial during the fourth quarter worth $203,000. Institutional investors and hedge funds own 88.66% of the company’s stock.

Analyst Ratings Changes

HAFC has been the subject of a number of recent research reports. Weiss Ratings restated a “buy (b)” rating on shares of Hanmi Financial in a research note on Wednesday, June 24th. DA Davidson lifted their target price on shares of Hanmi Financial from $31.50 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Brean Capital reissued a “neutral” rating and issued a $32.00 target price on shares of Hanmi Financial in a research note on Thursday, May 28th. Piper Sandler upped their target price on shares of Hanmi Financial from $32.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Finally, Capital One Financial set a $32.00 price target on shares of Hanmi Financial in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.00.

Insider Buying and Selling at Hanmi Financial

In other news, insider Anthony I. Kim sold 5,333 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $30.73, for a total value of $163,883.09. Following the sale, the insider owned 41,615 shares of the company’s stock, valued at approximately $1,278,828.95. This represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.12% of the company’s stock.

Hanmi Financial Price Performance

Hanmi Financial stock opened at $31.97 on Wednesday. The business has a 50 day simple moving average of $31.81 and a 200 day simple moving average of $29.20. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $947.91 million, a PE ratio of 10.76 and a beta of 0.73. Hanmi Financial Corporation has a one year low of $22.85 and a one year high of $33.50.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, July 21st. The bank reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.02. Hanmi Financial had a return on equity of 11.20% and a net margin of 19.82%.The firm had revenue of $72.21 million for the quarter, compared to analysts’ expectations of $74.03 million. On average, sell-side analysts forecast that Hanmi Financial Corporation will post 3.18 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, August 3rd will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, August 3rd. Hanmi Financial’s payout ratio is currently 37.71%.

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.