Vanguard Group Inc. Sells 21,043 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Vanguard Group Inc. trimmed its position in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,254,833 shares of the bank's stock after selling 21,043 shares during the quarter. Vanguard Group Inc. owned about 7.47% of Hanmi Financial worth $53,259,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HAFC. JPMorgan Chase & Co. raised its holdings in Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock worth $15,552,000 after acquiring an additional 349,339 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Hanmi Financial by 13.0% in the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock worth $17,561,000 after acquiring an additional 85,425 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Hanmi Financial by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank's stock valued at $11,553,000 after purchasing an additional 41,020 shares during the last quarter. Royce & Associates LP boosted its holdings in Hanmi Financial by 2.1% in the fourth quarter. Royce & Associates LP now owns 196,860 shares of the bank's stock worth $4,650,000 after purchasing an additional 4,058 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Hanmi Financial by 4.0% in the 4th quarter. Principal Financial Group Inc. now owns 170,942 shares of the bank's stock worth $4,038,000 after purchasing an additional 6,643 shares during the period. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Stock Performance

NASDAQ HAFC traded up $0.07 on Thursday, hitting $21.47. 27,915 shares of the company traded hands, compared to its average volume of 206,599. The business's 50 day moving average price is $22.58 and its 200-day moving average price is $23.09. Hanmi Financial Co. has a 52-week low of $14.47 and a 52-week high of $27.59. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $648.97 million, a price-to-earnings ratio of 10.45 and a beta of 0.68.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share (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%. Equities analysts expect 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. Shareholders of record on Monday, February 10th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, February 10th. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 5.03%. Hanmi Financial's dividend payout ratio (DPR) is currently 52.68%.

Analyst Ratings Changes

Separately, DA Davidson reaffirmed a "neutral" rating and issued a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Hanmi Financial presently has a consensus rating of "Hold" and a consensus price target of $25.75.

Hanmi Financial Company 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.