Hanmi Financial Corporation (NASDAQ:HAFC) – Equities research analysts at FBR & Co issued their Q1 2018 earnings per share estimates for Hanmi Financial Corporation in a research note issued to investors on Wednesday. FBR & Co analyst B. Ramsey forecasts that the firm will post earnings of $0.50 per share for the quarter. FBR & Co currently has a “Outperform” rating and a $39.00 target price on the stock. FBR & Co also issued estimates for Hanmi Financial Corporation’s Q2 2018 earnings at $0.52 EPS, Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $2.17 EPS.
HAFC has been the topic of several other reports. Zacks Investment Research upgraded Hanmi Financial Corporation from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, December 20th. FIG Partners downgraded Hanmi Financial Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 19th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $30.83.
Hanmi Financial Corporation (NASDAQ:HAFC) traded down 1.17% during trading on Thursday, hitting $33.85. 94,375 shares of the company traded hands. Hanmi Financial Corporation has a 12-month low of $18.92 and a 12-month high of $35.85. The company has a market capitalization of $1.08 billion, a P/E ratio of 19.34 and a beta of 1.03. The stock has a 50 day moving average price of $34.45 and a 200 day moving average price of $28.20.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 23rd. Stockholders of record on Tuesday, February 7th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.22%. Hanmi Financial Corporation’s dividend payout ratio (DPR) is presently 43.18%.
In other news, insider Greg D. Kim sold 1,000 shares of the business’s stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $31.30, for a total value of $31,300.00. Following the completion of the transaction, the insider now owns 25,469 shares of the company’s stock, valued at approximately $797,179.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.91% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas boosted its position in shares of Hanmi Financial Corporation by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,475 shares of the company’s stock valued at $105,000 after buying an additional 551 shares during the period. Russell Investments Group Ltd. bought a new position in shares of Hanmi Financial Corporation during the fourth quarter valued at about $108,000. Mason Street Advisors LLC bought a new position in shares of Hanmi Financial Corporation during the second quarter valued at about $148,000. SG Americas Securities LLC boosted its position in shares of Hanmi Financial Corporation by 29.1% in the third quarter. SG Americas Securities LLC now owns 5,852 shares of the company’s stock valued at $154,000 after buying an additional 1,320 shares during the period. Finally, BlackRock Inc. boosted its position in shares of Hanmi Financial Corporation by 144.6% in the second quarter. BlackRock Inc. now owns 7,700 shares of the company’s stock valued at $180,000 after buying an additional 4,552 shares during the period. 87.21% of the stock is owned by institutional investors and hedge funds.
About Hanmi Financial Corporation
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.