Hanmi Financial Co. (NASDAQ:HAFC) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 343,103 shares of the bank's stock after selling 41,129 shares during the period. Charles Schwab Investment Management Inc. owned 1.14% of Hanmi Financial worth $8,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of HAFC. Victory Capital Management Inc. increased its stake in shares of Hanmi Financial by 85.0% in the 3rd quarter. Victory Capital Management Inc. now owns 24,435 shares of the bank's stock worth $454,000 after acquiring an additional 11,230 shares during the last quarter. Intech Investment Management LLC grew its stake in Hanmi Financial by 1.1% during the 3rd quarter. Intech Investment Management LLC now owns 37,706 shares of the bank's stock worth $701,000 after buying an additional 414 shares during the last quarter. Cerity Partners LLC increased its stake in Hanmi Financial by 60.1% in the third quarter. Cerity Partners LLC now owns 34,910 shares of the bank's stock valued at $649,000 after purchasing an additional 13,109 shares during the period. FMR LLC increased its holdings in shares of Hanmi Financial by 26.1% in the third quarter. FMR LLC now owns 879,979 shares of the bank's stock valued at $16,368,000 after purchasing an additional 182,164 shares during the period. Finally, PEAK6 Investments LLC purchased a new position in Hanmi Financial during the 3rd quarter worth $309,000. 88.66% of the stock is currently owned by institutional investors and hedge funds.

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Hanmi Financial Price Performance

Shares of HAFC stock traded down $0.03 during midday trading on Thursday, reaching $22.86. 137,295 shares of the company traded hands, compared to its average volume of 184,164. The firm has a market cap of $690.28 million, a PE ratio of 11.15 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The firm's 50 day simple moving average is $23.32 and its two-hundred day simple moving average is $22.84. Hanmi Financial Co. has a 1-year low of $14.45 and a 1-year high of $27.59.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, equities research analysts expect that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.72%. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Hanmi Financial's previous quarterly dividend of $0.25. Hanmi Financial's dividend payout ratio is 52.68%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $29.00 target price (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. DA Davidson reiterated a "neutral" rating and issued a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $25.75.

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.