King Luther Capital Management Corp reduced its holdings in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 17.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,060 shares of the bank’s stock after selling 23,475 shares during the period. King Luther Capital Management Corp owned about 0.34% of Hanmi Financial worth $3,375,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Hanmi Financial by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,112 shares of the bank’s stock valued at $145,000 after acquiring an additional 765 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in shares of Hanmi Financial by 4.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock valued at $217,000 after acquiring an additional 300 shares in the last quarter. Airain ltd acquired a new position in Hanmi Financial in the second quarter valued at about $226,000. Aperio Group LLC acquired a new position in Hanmi Financial in the third quarter valued at about $233,000. Finally, BNP Paribas Arbitrage SA boosted its position in Hanmi Financial by 51.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,529 shares of the bank’s stock valued at $271,000 after buying an additional 3,235 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.
A number of equities analysts have commented on HAFC shares. Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial in a research report on Friday, October 6th. ValuEngine lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods set a $28.00 price target on shares of Hanmi Financial and gave the company a “hold” rating in a research report on Saturday, October 7th. Finally, BidaskClub lowered shares of Hanmi Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $31.00.
Hanmi Financial Corporation (HAFC) opened at $31.25 on Friday. The company has a market cap of $1,016.03, a PE ratio of 17.42, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. Hanmi Financial Corporation has a 12-month low of $25.45 and a 12-month high of $35.85. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.00 and a quick ratio of 1.00.
Hanmi Financial (NASDAQ:HAFC) last announced its earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. Hanmi Financial had a net margin of 24.54% and a return on equity of 10.60%. The company had revenue of $53.74 million during the quarter, compared to the consensus estimate of $53.30 million. During the same period in the previous year, the firm posted $0.41 earnings per share. equities research analysts predict that Hanmi Financial Corporation will post 1.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 30th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Friday, October 27th. Hanmi Financial’s dividend payout ratio is presently 46.93%.
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Hanmi Financial Company Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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