Credit Suisse AG decreased its stake in Hanmi Financial Corporation (NASDAQ:HAFC) by 14.4% during the first quarter, Holdings Channel reports. The institutional investor owned 47,146 shares of the bank’s stock after selling 7,961 shares during the period. Credit Suisse AG’s holdings in Hanmi Financial Corporation were worth $1,449,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HAFC. AQR Capital Management LLC boosted its position in shares of Hanmi Financial Corporation by 29.8% in the first quarter. AQR Capital Management LLC now owns 382,377 shares of the bank’s stock valued at $11,758,000 after buying an additional 87,724 shares in the last quarter. State Street Corp boosted its position in shares of Hanmi Financial Corporation by 11.6% in the first quarter. State Street Corp now owns 1,014,542 shares of the bank’s stock valued at $31,194,000 after buying an additional 105,588 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Hanmi Financial Corporation by 81.4% in the first quarter. Bank of America Corp DE now owns 55,523 shares of the bank’s stock valued at $1,707,000 after buying an additional 24,912 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Hanmi Financial Corporation by 5.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 147,909 shares of the bank’s stock valued at $4,549,000 after buying an additional 7,671 shares in the last quarter. Finally, KCG Holdings Inc. boosted its position in shares of Hanmi Financial Corporation by 6.1% in the first quarter. KCG Holdings Inc. now owns 15,168 shares of the bank’s stock valued at $466,000 after buying an additional 874 shares in the last quarter. Institutional investors and hedge funds own 87.14% of the company’s stock.

Shares of Hanmi Financial Corporation (NASDAQ:HAFC) traded up 0.36% on Tuesday, hitting $27.80. 12,187 shares of the stock traded hands. The stock has a 50 day moving average of $28.40 and a 200 day moving average of $29.74. Hanmi Financial Corporation has a one year low of $22.76 and a one year high of $35.85. The company has a market cap of $891.77 million, a PE ratio of 16.16 and a beta of 0.79.

Hanmi Financial Corporation (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. The firm had revenue of $52.88 million for the quarter, compared to analyst estimates of $50.85 million. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. During the same quarter in the prior year, the business earned $0.44 earnings per share. Equities analysts anticipate that Hanmi Financial Corporation will post $1.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 16th. Stockholders of record on Friday, July 28th will be paid a $0.21 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.03%. This is a positive change from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. Hanmi Financial Corporation’s dividend payout ratio is presently 48.28%.

COPYRIGHT VIOLATION NOTICE: “Credit Suisse AG Has $1.45 Million Stake in Hanmi Financial Corporation (HAFC)” was originally reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/credit-suisse-ag-has-1-45-million-stake-in-hanmi-financial-corporation-hafc/1490939.html.

Several brokerages have recently weighed in on HAFC. BidaskClub cut shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday. Zacks Investment Research cut shares of Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price target on shares of Hanmi Financial Corporation in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Hanmi Financial Corporation in a research note on Thursday, April 20th. Finally, FBR & Co reiterated an “outperform” rating and set a $34.00 price target (down previously from $39.00) on shares of Hanmi Financial Corporation in a research note on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $32.00.

About Hanmi Financial Corporation

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.

Want to see what other hedge funds are holding HAFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanmi Financial Corporation (NASDAQ:HAFC).

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

Receive News & Ratings for Hanmi Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.