Shares of Hanmi Financial Corp (NASDAQ:HAFC) have been given an average recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.00.

A number of research firms have commented on HAFC. Zacks Investment Research cut shares of Hanmi Financial from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub cut shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. ValuEngine raised shares of Hanmi Financial from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, TheStreet raised shares of Hanmi Financial from a “c+” rating to a “b-” rating in a research note on Wednesday, February 20th.

In other news, Director Joseph K. Rho sold 10,496 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $22.32, for a total value of $234,270.72. Following the completion of the sale, the director now directly owns 376,039 shares in the company, valued at approximately $8,393,190.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph K. Rho sold 64,499 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $22.32, for a total transaction of $1,439,617.68. Following the completion of the sale, the director now owns 363,538 shares of the company’s stock, valued at $8,114,168.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,999 shares of company stock valued at $2,535,296. Company insiders own 2.90% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Flinton Capital Management LLC lifted its holdings in shares of Hanmi Financial by 30.3% in the 4th quarter. Flinton Capital Management LLC now owns 5,544 shares of the bank’s stock worth $109,000 after acquiring an additional 1,288 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in Hanmi Financial by 52,675.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,333 shares of the bank’s stock valued at $135,000 after buying an additional 6,321 shares during the last quarter. Neuburgh Advisers LLC raised its holdings in Hanmi Financial by 30.3% during the 4th quarter. Neuburgh Advisers LLC now owns 6,732 shares of the bank’s stock valued at $133,000 after buying an additional 1,564 shares during the last quarter. Anderson Fisher LLC bought a new stake in Hanmi Financial during the 1st quarter valued at $173,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Hanmi Financial by 356.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,604 shares of the bank’s stock valued at $209,000 after buying an additional 8,281 shares during the last quarter. Hedge funds and other institutional investors own 89.65% of the company’s stock.

HAFC stock opened at $21.48 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.97 and a quick ratio of 0.97. Hanmi Financial has a one year low of $17.56 and a one year high of $30.45. The company has a market capitalization of $664.33 million, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.28 and a beta of 1.08.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, April 23rd. The bank reported $0.48 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.48. Hanmi Financial had a net margin of 21.65% and a return on equity of 10.71%. The business had revenue of $51.14 million during the quarter, compared to analysts’ expectations of $51.20 million. As a group, equities research analysts forecast that Hanmi Financial will post 2.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 6th were issued a $0.24 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.47%. Hanmi Financial’s payout ratio is 50.53%.

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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