Mirae Asset Global Investments Co. Ltd. Acquires 28,037 Shares of Hanmi Financial Corporation $HAFC

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Hanmi Financial Corporation (NASDAQ:HAFC – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,037 shares of the bank’s stock, valued at approximately $866,000.

Several other institutional investors have also added to or reduced their stakes in HAFC. Assetmark Inc. boosted its stake in Hanmi Financial by 35,033.3% in the 1st 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. Allworth Financial LP increased its holdings in Hanmi Financial by 62.6% during the 2nd quarter. Allworth Financial LP now owns 1,003 shares of the bank’s stock worth $32,000 after purchasing an additional 386 shares in the last quarter. Nykredit A S acquired a new stake in shares of Hanmi Financial in the 2nd quarter valued at about $35,000. GAMMA Investing LLC raised its stake in shares of Hanmi Financial by 22.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,487 shares of the bank’s stock valued at $81,000 after purchasing an additional 456 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Hanmi Financial by 85.4% in the 1st quarter. Royal Bank of Canada now owns 3,486 shares of the bank’s stock valued at $92,000 after purchasing an additional 1,606 shares during the period. 88.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on HAFC. DA Davidson boosted their price target on Hanmi Financial from $31.50 to $34.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Piper Sandler increased their price objective on Hanmi Financial from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Thursday, October 29th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Hanmi Financial in a research report on Monday, September 21st. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $33.40.

Read Our Latest Stock Report on HAFC

Hanmi Financial Stock Performance

Shares of HAFC stock opened at $32.68 on Monday. The company’s fifty day simple moving average is $31.80 and its 200-day simple moving average is $29.99. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.09. The firm has a market cap of $968.96 million, a PE ratio of 10.75 and a beta of 0.72. Hanmi Financial Corporation has a 12 month low of $24.54 and a 12 month high of $34.46.

Hanmi Financial (NASDAQ:HAFC – Get Free Report) last announced its earnings results on Tuesday, October 27th. The bank reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The business had revenue of $76.60 million for the quarter, compared to analyst estimates of $75.13 million. Hanmi Financial had a return on equity of 11.30% and a net margin of 20.06%. Equities research analysts expect that Hanmi Financial Corporation will post 3.20 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 9th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Monday, November 9th. This represents a $1.12 annualized dividend and a yield of 3.4%. Hanmi Financial’s payout ratio is 36.84%.

Hanmi Financial Company Profile

(Free Report)

Hanmi Financial Corporation is the holding company for Hanmi Bank, a commercial bank headquartered in Los Angeles, California. Founded in 1982, Hanmi Bank was established to serve Korean American and other small-business communities and has developed into a full-service regional bank serving individuals, businesses, and professional organizations.

Hanmi Bank offers commercial and consumer deposit accounts, business and personal lending, commercial real estate financing, small business loans, construction loans, and trade finance services.

See Also

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Institutional Ownership by Quarter for Hanmi Financial (NASDAQ:HAFC)

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