Hanmi Financial Corporation (NASDAQ:HAFC – Get Free Report) crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $30.33 and traded as high as $32.16. Hanmi Financial shares last traded at $31.60, with a volume of 194,883 shares traded.
Analyst Ratings Changes
Several research analysts recently weighed in on HAFC shares. Weiss Ratings restated a “buy (b)” rating on shares of Hanmi Financial in a research report on Monday, September 21st. DA Davidson boosted their price target on shares of Hanmi Financial from $31.50 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Hanmi Financial presently has an average rating of “Hold” and a consensus target price of $33.00.
View Our Latest Analysis on HAFC
Hanmi Financial Price Performance
Hanmi Financial (NASDAQ:HAFC – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The bank reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.02. Hanmi Financial had a return on equity of 11.20% and a net margin of 19.82%.The business had revenue of $72.21 million for the quarter, compared to analyst estimates of $74.03 million. As a group, equities analysts expect that Hanmi Financial Corporation will post 3.18 EPS for the current fiscal year.
Hanmi Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 19th. Investors of record on Monday, August 3rd were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 3rd. Hanmi Financial’s dividend payout ratio is 37.71%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. increased its stake in Hanmi Financial by 35,033.3% during the 1st quarter. Assetmark Inc. now owns 1,054 shares of the bank’s stock worth $28,000 after buying an additional 1,051 shares during the period. Allworth Financial LP grew its stake in Hanmi Financial by 62.6% during the 2nd quarter. Allworth Financial LP now owns 1,003 shares of the bank’s stock valued at $32,000 after purchasing an additional 386 shares in the last quarter. Nykredit A S acquired a new stake in Hanmi Financial during the 2nd quarter valued at approximately $35,000. GAMMA Investing LLC increased its holdings in Hanmi Financial by 22.5% during the 2nd quarter. GAMMA Investing LLC now owns 2,487 shares of the bank’s stock worth $81,000 after purchasing an additional 456 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Hanmi Financial by 85.4% during the 1st quarter. Royal Bank of Canada now owns 3,486 shares of the bank’s stock worth $92,000 after purchasing an additional 1,606 shares during the last quarter. 88.66% of the stock is owned by institutional investors and hedge funds.
About Hanmi Financial
Hanmi Financial Corporation is the holding company for Hanmi Bank, a community bank that serves small and middle-market businesses, individuals and professionals. Founded in 1982 and headquartered in Los Angeles, California, the bank has historically focused on Korean American and other diverse communities in the United States.
Hanmi Bank provides commercial and consumer banking services, including commercial real estate loans, commercial and industrial lending, Small Business Administration loans, residential mortgage lending, consumer loans and deposit products.
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