LSV Asset Management Has $34.98 Million Stock Position in Hanmi Financial Corporation $HAFC

LSV Asset Management boosted its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 3.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,417,475 shares of the bank’s stock after purchasing an additional 40,684 shares during the quarter. LSV Asset Management’s holdings in Hanmi Financial were worth $34,983,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Pallas Capital Advisors LLC increased its position in shares of Hanmi Financial by 4.0% in the second quarter. Pallas Capital Advisors LLC now owns 12,957 shares of the bank’s stock worth $320,000 after acquiring an additional 504 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Hanmi Financial by 15.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 4,038 shares of the bank’s stock worth $100,000 after purchasing an additional 531 shares in the last quarter. SummerHaven Investment Management LLC raised its stake in Hanmi Financial by 1.4% during the 2nd quarter. SummerHaven Investment Management LLC now owns 47,852 shares of the bank’s stock valued at $1,181,000 after purchasing an additional 641 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Hanmi Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank’s stock valued at $405,000 after purchasing an additional 780 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Hanmi Financial by 114.3% in the first quarter. Quarry LP now owns 1,830 shares of the bank’s stock valued at $41,000 after purchasing an additional 976 shares in the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Price Performance

Shares of HAFC opened at $25.91 on Wednesday. The firm has a market cap of $776.13 million, a PE ratio of 10.84 and a beta of 0.75. The firm’s 50 day moving average price is $25.46 and its 200 day moving average price is $24.55. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.97 and a current ratio of 0.97. Hanmi Financial Corporation has a twelve month low of $19.25 and a twelve month high of $27.61.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, October 21st. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. Hanmi Financial had a net margin of 16.53% and a return on equity of 9.59%. The company had revenue of $70.96 million during the quarter, compared to the consensus estimate of $67.80 million. As a group, research analysts expect that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Tuesday, November 4th will be issued a $0.27 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $1.08 dividend on an annualized basis and a yield of 4.2%. Hanmi Financial’s dividend payout ratio is currently 45.19%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HAFC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Hanmi Financial in a report on Monday. Piper Sandler dropped their target price on Hanmi Financial from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. Zacks Research upgraded shares of Hanmi Financial from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 23rd. Wall Street Zen raised shares of Hanmi Financial from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson increased their target price on shares of Hanmi Financial from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.50.

Hanmi Financial Profile

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.