Stieven Capital Advisors L.P. reduced its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 556,753 shares of the bank's stock after selling 14,300 shares during the quarter. Hanmi Financial makes up 2.3% of Stieven Capital Advisors L.P.'s investment portfolio, making the stock its 14th biggest holding. Stieven Capital Advisors L.P. owned about 1.84% of Hanmi Financial worth $13,151,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC boosted its position in shares of Hanmi Financial by 26.1% during the 3rd quarter. FMR LLC now owns 879,979 shares of the bank's stock worth $16,368,000 after acquiring an additional 182,164 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after purchasing an additional 349,339 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Hanmi Financial by 66.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 395,244 shares of the bank's stock valued at $7,352,000 after purchasing an additional 157,792 shares during the period. Royce & Associates LP boosted its position in shares of Hanmi Financial by 0.6% in the 3rd quarter. Royce & Associates LP now owns 192,802 shares of the bank's stock valued at $3,586,000 after purchasing an additional 1,089 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Hanmi Financial by 10.3% in the 3rd quarter. Principal Financial Group Inc. now owns 164,299 shares of the bank's stock valued at $3,056,000 after purchasing an additional 15,385 shares during the period. 88.66% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on HAFC shares. Janney Montgomery Scott raised Hanmi Financial from a "neutral" rating to a "buy" rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $29.00 target price (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Piper Sandler raised Hanmi Financial from a "neutral" rating to an "overweight" rating and upped their target price for the company from $20.00 to $25.50 in a research report on Thursday, October 24th. Wedbush reissued a "neutral" rating and issued a $21.00 target price on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Finally, DA Davidson reaffirmed a "neutral" rating and set a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Hanmi Financial has a consensus rating of "Hold" and a consensus target price of $25.75.
Read Our Latest Stock Analysis on Hanmi Financial
Hanmi Financial Stock Performance
Hanmi Financial stock traded up $0.03 during mid-day trading on Wednesday, reaching $24.82. 238,598 shares of the company were exchanged, compared to its average volume of 179,738. Hanmi Financial Co. has a twelve month low of $14.45 and a twelve month high of $27.59. The firm's 50-day simple moving average is $23.75 and its two-hundred day simple moving average is $22.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The firm has a market cap of $749.56 million, a PE ratio of 12.11 and a beta of 0.88.
Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share for the quarter, topping 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 predict that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.
Hanmi Financial Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, February 10th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.35%. This is an increase from Hanmi Financial's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, February 10th. Hanmi Financial's dividend payout ratio is 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.
Featured Articles
Before you consider Hanmi Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hanmi Financial wasn't on the list.
While Hanmi Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
