Barclays PLC Boosts Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Barclays PLC lifted its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 74.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,158 shares of the bank's stock after buying an additional 28,561 shares during the quarter. Barclays PLC owned about 0.22% of Hanmi Financial worth $1,248,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HAFC. Y Intercept Hong Kong Ltd increased its holdings in shares of Hanmi Financial by 29.4% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 41,953 shares of the bank's stock worth $780,000 after buying an additional 9,542 shares during the last quarter. Jane Street Group LLC raised its holdings in Hanmi Financial by 24.7% in the third quarter. Jane Street Group LLC now owns 60,051 shares of the bank's stock worth $1,117,000 after buying an additional 11,911 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Hanmi Financial in the third quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Hanmi Financial by 13.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 72,133 shares of the bank's stock worth $1,342,000 after buying an additional 8,630 shares during the last quarter. Finally, PEAK6 Investments LLC purchased a new position in Hanmi Financial in the third quarter worth about $309,000. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Hanmi Financial Trading Up 2.4 %

HAFC stock traded up $0.51 during mid-day trading on Tuesday, reaching $22.16. 33,748 shares of the stock traded hands, compared to its average volume of 199,096. The business has a 50-day moving average price of $24.74 and a two-hundred day moving average price of $21.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.00. The stock has a market capitalization of $669.14 million, a PE ratio of 10.65 and a beta of 0.89. Hanmi Financial Co. has a one year low of $14.45 and a one year high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The bank reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. The business had revenue of $108.86 million for the quarter, compared to the consensus estimate of $59.23 million. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. During the same quarter last year, the firm posted $0.62 EPS. Equities research analysts expect that Hanmi Financial Co. will post 2 EPS for the current year.

Hanmi Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend was Monday, November 4th. Hanmi Financial's dividend payout ratio (DPR) is presently 48.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on HAFC shares. Piper Sandler upgraded shares of Hanmi Financial from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $20.00 to $25.50 in a research note on Thursday, October 24th. Wedbush restated a "neutral" rating and set a $21.00 target price on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Janney Montgomery Scott raised shares of Hanmi Financial from a "neutral" rating to a "buy" rating in a report on Friday, November 15th. Finally, DA Davidson boosted their target price on shares of Hanmi Financial from $20.00 to $22.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $24.38.

Hanmi Financial Profile

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.