Thrivent Financial for Lutherans decreased its holdings in Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 43.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,884 shares of the bank's stock after selling 84,413 shares during the quarter. Thrivent Financial for Lutherans owned 0.36% of Hanmi Financial worth $2,572,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in HAFC. JPMorgan Chase & Co. grew its stake in shares of Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after acquiring an additional 349,339 shares during the period. Barclays PLC lifted its holdings in Hanmi Financial by 74.0% during the third quarter. Barclays PLC now owns 67,158 shares of the bank's stock valued at $1,248,000 after purchasing an additional 28,561 shares in the last quarter. Amundi boosted its position in shares of Hanmi Financial by 213.3% in the fourth quarter. Amundi now owns 15,115 shares of the bank's stock worth $338,000 after purchasing an additional 10,290 shares during the period. Jane Street Group LLC boosted its position in shares of 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 purchasing an additional 11,911 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Hanmi Financial by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock worth $11,553,000 after purchasing an additional 41,020 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research analysts recently weighed in on HAFC shares. Keefe, Bruyette & Woods reaffirmed 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. DA Davidson reaffirmed a "neutral" rating and issued a $27.50 price objective on shares of Hanmi Financial in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Hanmi Financial currently has a consensus rating of "Hold" and an average price target of $25.75.
Read Our Latest Report on Hanmi Financial
Hanmi Financial Price Performance
NASDAQ HAFC traded up $0.08 on Monday, reaching $22.66. The company had a trading volume of 228,323 shares, compared to its average volume of 201,508. The stock has a market capitalization of $684.24 million, a PE ratio of 11.05 and a beta of 0.87. Hanmi Financial Co. has a 12 month low of $14.45 and a 12 month high of $27.59. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average price is $23.32 and its 200 day moving average price is $22.96.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. As a group, equities analysts predict that Hanmi Financial Co. will post 2.6 earnings per share for the current year.
Hanmi Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.77%. The ex-dividend date was Monday, February 10th. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. Hanmi Financial's payout ratio is currently 52.68%.
Hanmi Financial Company 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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