WINTON GROUP Ltd Has $1.64 Million Position in Hanmi Financial Corporation $HAFC

WINTON GROUP Ltd lessened its holdings in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 56.0% in the second quarter, HoldingsChannel.com reports. The firm owned 50,486 shares of the bank’s stock after selling 64,266 shares during the period. WINTON GROUP Ltd’s holdings in Hanmi Financial were worth $1,636,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of Hanmi Financial by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,201,736 shares of the bank’s stock valued at $59,513,000 after buying an additional 45,511 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hanmi Financial by 3.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,760,855 shares of the bank’s stock worth $46,416,000 after acquiring an additional 56,102 shares in the last quarter. State Street Corp increased its position in shares of Hanmi Financial by 0.3% during the fourth quarter. State Street Corp now owns 1,349,873 shares of the bank’s stock worth $36,487,000 after acquiring an additional 4,651 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Hanmi Financial by 3,695.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,051,769 shares of the bank’s stock worth $32,462,000 after acquiring an additional 1,024,059 shares during the last quarter. Finally, Rhino Investment Partners Inc raised its holdings in shares of Hanmi Financial by 4.9% in the 1st quarter. Rhino Investment Partners Inc now owns 881,957 shares of the bank’s stock worth $23,248,000 after acquiring an additional 41,008 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on HAFC shares. DA Davidson lifted their price target on Hanmi Financial from $31.50 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Hanmi Financial in a research note on Wednesday, June 24th. Capital One Financial set a $32.00 target price on Hanmi Financial in a report on Thursday, May 28th. Finally, Brean Capital reiterated a “neutral” rating and set a $32.00 price target on shares of Hanmi Financial in a report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Hanmi Financial currently has a consensus rating of “Hold” and an average price target of $33.00.

Hanmi Financial Stock Down 0.3%

HAFC stock opened at $31.80 on Friday. The stock’s fifty day simple moving average is $31.85 and its two-hundred day simple moving average is $29.86. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Hanmi Financial Corporation has a 1-year low of $22.85 and a 1-year high of $33.50. The stock has a market cap of $942.87 million, a P/E ratio of 10.71 and a beta of 0.72.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, July 21st. The bank reported $0.79 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $72.21 million during the quarter, compared to the consensus estimate of $74.03 million. Analysts expect that Hanmi Financial Corporation will post 3.18 EPS for the current year.

Hanmi Financial Dividend Announcement

The business also recently declared 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. The ex-dividend date was Monday, August 3rd. This represents a $1.12 annualized dividend and a yield of 3.5%. Hanmi Financial’s dividend payout ratio is presently 37.71%.

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.