Assenagon Asset Management S.A. Purchases 157,792 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Assenagon Asset Management S.A. raised its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 66.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 395,244 shares of the bank's stock after acquiring an additional 157,792 shares during the period. Assenagon Asset Management S.A. owned approximately 1.30% of Hanmi Financial worth $7,352,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in shares of Hanmi Financial by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank's stock valued at $193,000 after purchasing an additional 911 shares during the period. EMC Capital Management boosted its stake in shares of Hanmi Financial by 8.9% during the 1st quarter. EMC Capital Management now owns 11,768 shares of the bank's stock worth $187,000 after acquiring an additional 958 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Hanmi Financial by 47.0% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank's stock worth $63,000 after acquiring an additional 1,207 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Hanmi Financial by 10.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 17,559 shares of the bank's stock worth $280,000 after purchasing an additional 1,730 shares during the period. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of Hanmi Financial by 3.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 54,423 shares of the bank's stock valued at $866,000 after purchasing an additional 2,004 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Stock Up 0.0 %

Shares of HAFC traded up $0.01 during mid-day trading on Tuesday, reaching $22.93. The company's stock had a trading volume of 160,475 shares, compared to its average volume of 232,946. The business has a fifty day moving average of $19.49 and a 200 day moving average of $17.70. The company has a market cap of $696.77 million, a price-to-earnings ratio of 9.55 and a beta of 0.87. Hanmi Financial Co. has a 1 year low of $14.11 and a 1 year high of $23.14. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.60.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Hanmi Financial had a return on equity of 8.97% and a net margin of 14.80%. The business had revenue of $108.86 million during the quarter, compared to analyst estimates of $59.23 million. During the same period last year, the company earned $0.62 earnings per share. As a group, analysts forecast that Hanmi Financial Co. will post 1.97 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors 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 annualized dividend and a dividend yield of 4.36%. Hanmi Financial's dividend payout ratio is 41.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HAFC shares. Wedbush restated a "neutral" rating and set a $21.00 price objective on shares of Hanmi Financial in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upgraded shares of Hanmi Financial from a "market perform" rating to an "outperform" rating and upped their price target for the company from $20.00 to $22.00 in a research report on Wednesday, October 2nd. Piper Sandler upgraded shares of Hanmi Financial from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $20.00 to $25.50 in a research report on Thursday, October 24th. Finally, DA Davidson boosted their target price on shares of Hanmi Financial from $20.00 to $22.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd.

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.