1832 Asset Management L.P. decreased its position in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 29.4% during the third quarter, Holdings Channel reports. The firm owned 201,274 shares of the company’s stock after selling 83,766 shares during the period. 1832 Asset Management L.P. owned approximately 0.63% of Hanmi Financial Corporation worth $5,301,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Fund Advisors increased its position in shares of Hanmi Financial Corporation by 7.5% in the third quarter. BlackRock Fund Advisors now owns 2,236,930 shares of the company’s stock worth $58,921,000 after buying an additional 155,564 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hanmi Financial Corporation by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,698,765 shares of the company’s stock worth $39,903,000 after buying an additional 92,767 shares during the period. JPMorgan Chase & Co. increased its position in shares of Hanmi Financial Corporation by 4.6% in the third quarter. JPMorgan Chase & Co. now owns 962,106 shares of the company’s stock worth $25,342,000 after buying an additional 42,176 shares during the period. LSV Asset Management increased its position in shares of Hanmi Financial Corporation by 13.3% in the third quarter. LSV Asset Management now owns 841,794 shares of the company’s stock worth $22,172,000 after buying an additional 98,700 shares during the period. Finally, Boston Partners bought a new position in shares of Hanmi Financial Corporation during the third quarter worth about $17,829,000. Institutional investors own 86.54% of the company’s stock.
Shares of Hanmi Financial Corporation (NASDAQ:HAFC) traded down 1.84% during mid-day trading on Wednesday, hitting $32.00. The stock had a trading volume of 134,446 shares. Hanmi Financial Corporation has a one year low of $18.92 and a one year high of $35.85. The stock has a market cap of $1.02 billion, a P/E ratio of 18.29 and a beta of 0.98. The firm has a 50 day moving average of $34.26 and a 200-day moving average of $28.84.
Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. Hanmi Financial Corporation had a return on equity of 10.81% and a net margin of 26.70%. Equities research analysts expect that Hanmi Financial Corporation will post $1.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Tuesday, February 7th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Friday, February 3rd. Hanmi Financial Corporation’s payout ratio is 43.18%.
A number of research analysts recently issued reports on HAFC shares. FIG Partners downgraded Hanmi Financial Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 19th. Zacks Investment Research downgraded Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, October 20th. Finally, FBR & Co reiterated a “buy” rating on shares of Hanmi Financial Corporation in a research note on Wednesday, November 2nd. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Hanmi Financial Corporation currently has an average rating of “Buy” and an average price target of $31.40.
In related news, insider Greg D. Kim sold 1,000 shares of Hanmi Financial Corporation stock in a transaction that occurred on Friday, December 2nd. The stock was sold at an average price of $31.30, for a total transaction of $31,300.00. Following the completion of the transaction, the insider now directly owns 25,469 shares in the company, valued at $797,179.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.91% of the company’s stock.
Hanmi Financial Corporation 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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