FMR LLC grew its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 26.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 879,979 shares of the bank's stock after purchasing an additional 182,164 shares during the period. FMR LLC owned approximately 2.91% of Hanmi Financial worth $16,368,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Hanmi Financial by 32.2% in the second quarter. AQR Capital Management LLC now owns 1,072,772 shares of the bank's stock valued at $17,937,000 after acquiring an additional 261,545 shares in the last quarter. American Century Companies Inc. grew its position in Hanmi Financial by 16.5% in the second quarter. American Century Companies Inc. now owns 578,155 shares of the bank's stock valued at $9,667,000 after acquiring an additional 82,087 shares in the last quarter. Stieven Capital Advisors L.P. grew its stake in shares of Hanmi Financial by 20.6% during the third quarter. Stieven Capital Advisors L.P. now owns 571,053 shares of the bank's stock valued at $10,622,000 after acquiring an additional 97,500 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Hanmi Financial by 71.8% in the second quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank's stock valued at $8,070,000 after acquiring an additional 201,789 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Hanmi Financial by 3.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 451,399 shares of the bank's stock worth $7,547,000 after acquiring an additional 17,112 shares in the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Janney Montgomery Scott raised shares of Hanmi Financial from a "neutral" rating to a "buy" rating in a research note on Friday, November 15th. Wedbush reissued a "neutral" rating and issued a $21.00 price target on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Piper Sandler raised shares of Hanmi Financial from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $20.00 to $25.50 in a research note on Thursday, October 24th. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $29.00 target price (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Finally, DA Davidson increased their price objective on Hanmi Financial from $20.00 to $22.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Hanmi Financial currently has a consensus rating of "Hold" and a consensus target price of $24.38.
Check Out Our Latest Stock Analysis on HAFC
Hanmi Financial Stock Up 2.2 %
Shares of NASDAQ HAFC traded up $0.57 during mid-day trading on Wednesday, reaching $26.39. The company had a trading volume of 216,199 shares, compared to its average volume of 228,661. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.99 and a current ratio of 1.00. Hanmi Financial Co. has a twelve month low of $14.45 and a twelve month high of $27.59. The stock's 50 day moving average is $23.50 and its 200-day moving average is $19.83. The stock has a market capitalization of $796.87 million, a PE ratio of 12.69 and a beta of 0.87.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. The business had revenue of $108.86 million during the quarter, compared to analyst estimates of $59.23 million. During the same quarter in the previous year, the business earned $0.62 EPS. As a group, equities analysts anticipate that Hanmi Financial Co. will post 2 earnings per share for the current fiscal year.
Hanmi Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.79%. Hanmi Financial's dividend payout ratio (DPR) is presently 48.08%.
Hanmi Financial Profile
(
Free Report)
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.
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