Hanmi Financial (NASDAQ:HAFC) Rating Increased to Buy at BidaskClub
A number of other research analysts also recently commented on HAFC. Zacks Investment Research upgraded Hanmi Financial from a sell rating to a hold rating in a research report on Thursday, August 15th. ValuEngine upgraded Hanmi Financial from a sell rating to a hold rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $21.50.
Shares of NASDAQ HAFC traded down $0.34 during midday trading on Thursday, reaching $19.92. 74,822 shares of the stock traded hands, compared to its average volume of 106,565. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $630.36 million, a PE ratio of 10.48 and a beta of 1.19. Hanmi Financial has a one year low of $17.01 and a one year high of $24.09. The company’s 50 day moving average is $19.49 and its 200 day moving average is $19.80.
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were given a $0.24 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.96 dividend on an annualized basis and a yield of 4.82%. Hanmi Financial’s dividend payout ratio is presently 50.53%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC lifted its position in Hanmi Financial by 33.4% in the third quarter. Squarepoint Ops LLC now owns 49,071 shares of the bank’s stock worth $922,000 after buying an additional 12,278 shares during the last quarter. Barclays PLC lifted its position in Hanmi Financial by 2.1% in the third quarter. Barclays PLC now owns 35,715 shares of the bank’s stock worth $670,000 after buying an additional 728 shares during the last quarter. California State Teachers Retirement System lifted its position in Hanmi Financial by 1.2% in the third quarter. California State Teachers Retirement System now owns 47,207 shares of the bank’s stock worth $887,000 after buying an additional 563 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Hanmi Financial by 13.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,826,963 shares of the bank’s stock worth $34,310,000 after buying an additional 221,218 shares during the last quarter. Finally, Mackay Shields LLC lifted its position in Hanmi Financial by 15.9% in the third quarter. Mackay Shields LLC now owns 179,567 shares of the bank’s stock worth $3,372,000 after buying an additional 24,700 shares during the last quarter. Institutional investors own 88.70% of the company’s stock.
About Hanmi Financial
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
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