Hanmi Financial Co. (NASDAQ:HAFC - Get Free Report) shares were down 4.6% during trading on Friday . The stock traded as low as $21.98 and last traded at $21.98. Approximately 115,593 shares changed hands during trading, a decline of 50% from the average daily volume of 232,769 shares. The stock had previously closed at $23.04.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Wedbush reaffirmed a "neutral" rating and issued a $21.00 price objective on shares of Hanmi Financial in a research note on Wednesday. Keefe, Bruyette & Woods raised Hanmi Financial from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $20.00 to $22.00 in a research report on Wednesday, October 2nd. DA Davidson increased their price objective on Hanmi Financial from $20.00 to $22.00 and gave the company a "neutral" rating in a report on Wednesday. Finally, Piper Sandler raised Hanmi Financial from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $20.00 to $25.50 in a research note on Thursday.
Get Our Latest Stock Report on Hanmi Financial
Hanmi Financial Stock Down 4.8 %
The stock has a market cap of $666.69 million, a P/E ratio of 9.14 and a beta of 0.87. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The firm's fifty day moving average is $19.41 and its 200 day moving average is $17.60.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The business had revenue of $108.86 million for the quarter, compared to analyst estimates of $59.23 million. During the same period in the previous year, the company posted $0.62 earnings per share. As a group, equities research analysts forecast that Hanmi Financial Co. will post 1.97 EPS for the current year.
Hanmi Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.56%. Hanmi Financial's dividend payout ratio (DPR) is presently 41.67%.
Institutional Trading of Hanmi Financial
A number of hedge funds have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Hanmi Financial by 47.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank's stock worth $63,000 after purchasing an additional 1,207 shares during the period. PNC Financial Services Group Inc. increased its stake in Hanmi Financial by 90.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank's stock valued at $100,000 after acquiring an additional 2,441 shares during the period. EntryPoint Capital LLC raised its holdings in Hanmi Financial by 278.4% in the 1st quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank's stock valued at $135,000 after acquiring an additional 6,242 shares in the last quarter. Marshall Wace LLP acquired a new position in Hanmi Financial in the 2nd quarter valued at approximately $168,000. Finally, Entropy Technologies LP bought a new stake in shares of Hanmi Financial in the 1st quarter worth approximately $171,000. 88.66% of the stock is owned by institutional investors.
Hanmi Financial Company Profile
(
Get 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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