Royal Bank of Canada lessened its position in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 4.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 722,603 shares of the bank’s stock after selling 30,934 shares during the quarter. Royal Bank of Canada owned approximately 2.25% of Hanmi Financial Corporation worth $20,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in HAFC. Bank of New York Mellon Corp grew its holdings in shares of Hanmi Financial Corporation by 27.6% during the 1st quarter. Bank of New York Mellon Corp now owns 608,774 shares of the bank’s stock worth $18,720,000 after purchasing an additional 131,614 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Hanmi Financial Corporation during the 1st quarter worth approximately $429,000. Parametric Portfolio Associates LLC grew its holdings in shares of Hanmi Financial Corporation by 67.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 34,350 shares of the bank’s stock worth $1,056,000 after purchasing an additional 13,861 shares in the last quarter. State of Tennessee Treasury Department grew its holdings in shares of Hanmi Financial Corporation by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 30,034 shares of the bank’s stock worth $924,000 after purchasing an additional 4,533 shares in the last quarter. Finally, Mason Street Advisors LLC grew its holdings in shares of Hanmi Financial Corporation by 7.3% during the 1st quarter. Mason Street Advisors LLC now owns 7,559 shares of the bank’s stock worth $232,000 after purchasing an additional 511 shares in the last quarter. 88.39% of the stock is currently owned by institutional investors.

Shares of Hanmi Financial Corporation (NASDAQ HAFC) opened at 31.45 on Wednesday. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 18.28 and a beta of 0.81. The company has a 50-day moving average price of $28.39 and a 200 day moving average price of $28.47. Hanmi Financial Corporation has a 52 week low of $22.78 and a 52 week high of $35.85.

Hanmi Financial Corporation (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business 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 earnings per share. Analysts expect that Hanmi Financial Corporation will post $1.82 EPS for the current fiscal year.

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Several analysts have recently weighed in on the company. Zacks Investment Research raised Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine raised Hanmi Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. BidaskClub lowered Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Keefe, Bruyette & Woods set a $28.00 price objective on Hanmi Financial Corporation and gave the stock a “hold” rating in a report on Saturday. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price target on shares of Hanmi Financial Corporation in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.00.

Hanmi Financial Corporation 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.

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

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