Hanmi Financial Corporation (HAFC) Holdings Cut by Citigroup Inc.
Citigroup Inc. lessened its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,804 shares of the bank’s stock after selling 977 shares during the period. Citigroup Inc. owned about 0.12% of Hanmi Financial Corporation worth $1,076,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Menta Capital LLC acquired a new stake in Hanmi Financial Corporation during the 2nd quarter worth about $612,000. Thrivent Financial For Lutherans raised its holdings in Hanmi Financial Corporation by 2.7% during the 2nd quarter. Thrivent Financial For Lutherans now owns 1,145,173 shares of the bank’s stock worth $32,580,000 after buying an additional 30,130 shares during the period. Stevens Capital Management LP raised its holdings in Hanmi Financial Corporation by 7.8% during the 2nd quarter. Stevens Capital Management LP now owns 14,141 shares of the bank’s stock worth $402,000 after buying an additional 1,020 shares during the period. BlackRock Inc. raised its holdings in Hanmi Financial Corporation by 0.6% during the 2nd 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 period. Finally, Nationwide Fund Advisors raised its holdings in Hanmi Financial Corporation by 15.9% during the 2nd quarter. Nationwide Fund Advisors now owns 186,472 shares of the bank’s stock worth $5,305,000 after buying an additional 25,593 shares during the period. Hedge funds and other institutional investors own 88.39% of the company’s stock.
Hanmi Financial Corporation (NASDAQ HAFC) opened at 31.25 on Friday. Hanmi Financial Corporation has a 1-year low of $22.78 and a 1-year high of $35.85. The stock has a market cap of $1.00 billion, a PE ratio of 18.17 and a beta of 0.81. The firm’s 50-day moving average price is $27.98 and its 200 day moving average price is $28.46.
Hanmi Financial Corporation (NASDAQ:HAFC) last released its earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Hanmi Financial Corporation had a return on equity of 10.41% and a net margin of 24.79%. The firm had revenue of $52.88 million for the quarter, compared to analyst estimates of $50.85 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities research analysts expect that Hanmi Financial Corporation will post $1.82 EPS for the current year.
Several analysts have issued reports on the company. Zacks Investment Research upgraded Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. ValuEngine upgraded Hanmi Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. BidaskClub downgraded Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $31.00 price objective on shares of Hanmi Financial Corporation in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $31.33.
Hanmi Financial Corporation Company Profile
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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