Hanmi Financial Corporation (HAFC) Stake Increased by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its position in Hanmi Financial Corporation (NASDAQ:HAFC) by 5.5% during the first quarter, Holdings Channel reports. The firm owned 147,909 shares of the bank’s stock after buying an additional 7,671 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Hanmi Financial Corporation were worth $4,549,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of Hanmi Financial Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 3,570 shares of the bank’s stock worth $109,000 after buying an additional 80 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Hanmi Financial Corporation during the first quarter worth about $113,000. Victory Capital Management Inc. bought a new stake in shares of Hanmi Financial Corporation during the first quarter worth about $134,000. Highbridge Capital Management LLC bought a new stake in shares of Hanmi Financial Corporation during the fourth quarter worth about $214,000. Finally, ClariVest Asset Management LLC raised its stake in shares of Hanmi Financial Corporation by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 7,383 shares of the bank’s stock worth $227,000 after buying an additional 374 shares during the period. 88.22% of the stock is currently owned by institutional investors.
Shares of Hanmi Financial Corporation (NASDAQ:HAFC) traded down 1.28% on Friday, hitting $26.90. The stock had a trading volume of 118,977 shares. Hanmi Financial Corporation has a one year low of $22.78 and a one year high of $35.85. The company has a market capitalization of $862.90 million, a P/E ratio of 15.64 and a beta of 0.79. The firm has a 50 day moving average price of $28.40 and a 200 day moving average price of $29.86.
Hanmi Financial Corporation (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.45. The company had revenue of $52.88 million for the quarter, compared to the consensus estimate of $50.85 million. Hanmi Financial Corporation had a return on equity of 10.41% and a net margin of 24.79%. During the same quarter in the prior year, the business posted $0.44 EPS. On average, equities research analysts predict that Hanmi Financial Corporation will post $1.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Investors of record on Friday, July 28th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, July 26th. This is an increase from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. Hanmi Financial Corporation’s dividend payout ratio (DPR) is presently 48.28%.
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A number of brokerages have recently issued reports on HAFC. Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 target price on shares of Hanmi Financial Corporation in a research report on Wednesday, July 12th. Zacks Investment Research raised Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Hanmi Financial Corporation in a report on Thursday, April 20th. Finally, FBR & Co reiterated an “outperform” rating and set a $34.00 price target (down previously from $39.00) on shares of Hanmi Financial Corporation in a report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Hanmi Financial Corporation has an average rating of “Hold” and an average target price of $32.00.
Hanmi Financial Corporation Company Profile
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.
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