Boston Partners Acquires 56,353 Shares of Hanmi Financial Corp (HAFC)
Boston Partners increased its holdings in shares of Hanmi Financial Corp (NASDAQ:HAFC) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 753,090 shares of the bank’s stock after buying an additional 56,353 shares during the period. Boston Partners’ holdings in Hanmi Financial were worth $22,857,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of Hanmi Financial by 0.6% during the second quarter. BlackRock Inc. now owns 4,007,958 shares of the bank’s stock worth $114,026,000 after buying an additional 24,016 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hanmi Financial by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,019,495 shares of the bank’s stock worth $62,503,000 after buying an additional 10,659 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Hanmi Financial by 2.3% during the second quarter. Vanguard Group Inc. now owns 1,699,379 shares of the bank’s stock worth $48,348,000 after buying an additional 37,465 shares during the last quarter. FMR LLC raised its stake in shares of Hanmi Financial by 16.7% during the second quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after buying an additional 226,110 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Hanmi Financial by 2.7% during the second quarter. State Street Corp now owns 1,041,986 shares of the bank’s stock worth $29,643,000 after buying an additional 27,444 shares during the last quarter. 89.77% of the stock is owned by institutional investors and hedge funds.
In other news, Director John J. Ahn bought 3,000 shares of the stock in a transaction on Friday, January 26th. The stock was purchased at an average price of $31.56 per share, with a total value of $94,680.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.66% of the stock is currently owned by corporate insiders.
Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%. The firm had revenue of $54.03 million during the quarter, compared to the consensus estimate of $54.53 million. equities research analysts forecast that Hanmi Financial Corp will post 2.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.13%. The ex-dividend date is Friday, February 2nd. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.21. Hanmi Financial’s dividend payout ratio is presently 56.47%.
HAFC has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Hanmi Financial from a “hold” rating to a “sell” rating in a research note on Thursday, October 19th. ValuEngine downgraded shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub downgraded shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $32.00 target price on shares of Hanmi Financial in a research note on Friday, December 22nd. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hanmi Financial currently has an average rating of “Buy” and a consensus price target of $33.00.
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About Hanmi Financial
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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