Foundry Partners LLC increased its holdings in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,150 shares of the bank’s stock after acquiring an additional 8,909 shares during the quarter. Foundry Partners LLC owned about 0.64% of Hanmi Financial Corporation worth $6,380,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of HAFC. BlackRock Inc. lifted its holdings in shares of Hanmi Financial Corporation by 0.6% in the 2nd quarter. BlackRock Inc. now owns 4,007,958 shares of the bank’s stock worth $114,026,000 after acquiring an additional 24,016 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hanmi Financial Corporation by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,008,836 shares of the bank’s stock worth $57,152,000 after acquiring an additional 95,155 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hanmi Financial Corporation by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,699,379 shares of the bank’s stock worth $48,348,000 after acquiring an additional 37,465 shares during the last quarter. FMR LLC lifted its holdings in shares of Hanmi Financial Corporation by 16.7% in the 2nd quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after acquiring an additional 226,110 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Hanmi Financial Corporation by 2.7% in the 2nd quarter. Thrivent Financial For Lutherans now owns 1,145,173 shares of the bank’s stock worth $32,580,000 after acquiring an additional 30,130 shares during the last quarter. Hedge funds and other institutional investors own 87.70% of the company’s stock.
Shares of Hanmi Financial Corporation (NASDAQ HAFC) opened at $29.10 on Tuesday. The firm has a market cap of $936.63, a price-to-earnings ratio of 16.06, a P/E/G ratio of 2.00 and a beta of 0.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00. Hanmi Financial Corporation has a 52 week low of $25.45 and a 52 week high of $35.85.
Hanmi Financial Corporation (NASDAQ:HAFC) last released its earnings results on Tuesday, October 17th. The bank reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $53.74 million during the quarter, compared to analysts’ expectations of $53.30 million. Hanmi Financial Corporation had a net margin of 24.54% and a return on equity of 10.60%. During the same quarter last year, the business earned $0.41 EPS. analysts forecast that Hanmi Financial Corporation will post 1.81 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, October 30th will be issued a $0.21 dividend. The ex-dividend date is Friday, October 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.89%. Hanmi Financial Corporation’s dividend payout ratio is presently 46.93%.
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Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 target price on shares of Hanmi Financial Corporation in a research note on Friday, October 6th. ValuEngine downgraded shares of Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $28.00 price objective on shares of Hanmi Financial Corporation and gave the company a “hold” rating in a research report on Saturday, October 7th. Finally, BidaskClub downgraded shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Hanmi Financial Corporation presently has a consensus rating of “Hold” and an average target price of $31.00.
Hanmi Financial Corporation 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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