King Luther Capital Management Corp lessened its holdings in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 17.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (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 approximately 0.34% of Hanmi Financial worth $3,375,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Hanmi Financial by 0.6% during the 2nd quarter. BlackRock Inc. now owns 4,007,958 shares of the bank’s stock worth $114,026,000 after acquiring an additional 24,016 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Hanmi Financial by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,019,495 shares of the bank’s stock valued at $62,503,000 after purchasing an additional 10,659 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hanmi Financial by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,699,379 shares of the bank’s stock worth $48,348,000 after buying an additional 37,465 shares in the last quarter. FMR LLC raised its holdings in shares of Hanmi Financial by 16.7% during the 2nd quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after buying an additional 226,110 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Hanmi Financial by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,145,173 shares of the bank’s stock worth $32,580,000 after buying an additional 30,130 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.
HAFC has been the subject of a number of recent research reports. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine cut Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies reiterated a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial in a report on Friday, October 6th. Keefe, Bruyette & Woods set a $28.00 price target on Hanmi Financial and gave the stock a “hold” rating in a report on Saturday, October 7th. Finally, BidaskClub lowered Hanmi Financial from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $31.00.
Hanmi Financial Corporation (NASDAQ:HAFC) opened at $31.15 on Friday. Hanmi Financial Corporation has a twelve month low of $25.45 and a twelve 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. The company has a market capitalization of $1,009.54, a price-to-earnings ratio of 17.31, a PEG ratio of 2.15 and a beta of 0.78.
Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, October 17th. The bank reported $0.46 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. Hanmi Financial had a return on equity of 10.60% and a net margin of 24.54%. The company had revenue of $53.74 million during the quarter, compared to analyst estimates of $53.30 million. During the same quarter last year, the company earned $0.41 earnings per share. research analysts anticipate that Hanmi Financial Corporation will post 1.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Friday, October 27th. Hanmi Financial’s dividend payout ratio (DPR) is currently 46.93%.
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Hanmi Financial 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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