Sei Investments Co. increased its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC – Free Report) by 212.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 50,903 shares of the bank’s stock after acquiring an additional 34,607 shares during the period. Sei Investments Co. owned 0.17% of Hanmi Financial worth $1,342,000 as of its most recent filing with the SEC.
Other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its position in Hanmi Financial by 35,033.3% during the first quarter. Assetmark Inc. now owns 1,054 shares of the bank’s stock worth $28,000 after purchasing an additional 1,051 shares during the period. Royal Bank of Canada grew its holdings in Hanmi Financial by 30.5% during the fourth quarter. Royal Bank of Canada now owns 1,880 shares of the bank’s stock valued at $51,000 after purchasing an additional 439 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Hanmi Financial by 343.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,764 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Hanmi Financial by 148.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,442 shares during the period. Finally, SummitTX Capital L.P. acquired a new stake in shares of Hanmi Financial in the fourth quarter worth $203,000. 88.66% of the stock is owned by institutional investors.
Hanmi Financial Stock Up 0.9%
Shares of HAFC stock opened at $31.97 on Wednesday. Hanmi Financial Corporation has a 12 month low of $22.85 and a 12 month high of $33.50. The firm has a market cap of $947.91 million, a PE ratio of 10.76 and a beta of 0.73. The stock has a 50 day moving average of $31.81 and a 200-day moving average of $29.20. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.16.
Hanmi Financial Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Monday, August 3rd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $1.12 dividend on an annualized basis and a yield of 3.5%. Hanmi Financial’s dividend payout ratio is 37.71%.
Insiders Place Their Bets
In other Hanmi Financial news, insider Anthony I. Kim sold 5,333 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $30.73, for a total value of $163,883.09. Following the sale, the insider directly owned 41,615 shares in the company, valued at $1,278,828.95. This trade represents a 11.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.12% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several research firms recently issued reports on HAFC. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hanmi Financial in a report on Wednesday, June 24th. DA Davidson lifted their target price on shares of Hanmi Financial from $31.50 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Brean Capital reissued a “neutral” rating and set a $32.00 target price on shares of Hanmi Financial in a research report on Thursday, May 28th. Piper Sandler upped their price target on shares of Hanmi Financial from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Finally, Capital One Financial set a $32.00 price target on Hanmi Financial in a research report on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $33.00.
Get Our Latest Analysis on HAFC
Hanmi Financial Profile
Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.
On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.
Further Reading
- Five stocks we like better than Hanmi Financial
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Want to see what other hedge funds are holding HAFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanmi Financial Corporation (NASDAQ:HAFC – Free Report).
Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.
