Hanmi Financial Corporation (HAFC) Holdings Cut by Principal Financial Group Inc.
Principal Financial Group Inc. reduced its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,294 shares of the bank’s stock after selling 2,046 shares during the quarter. Principal Financial Group Inc. owned 0.80% of Hanmi Financial worth $8,025,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in HAFC. Victory Capital Management Inc. raised its stake in Hanmi Financial by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,112 shares of the bank’s stock worth $145,000 after acquiring an additional 765 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Hanmi Financial by 4.1% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,630 shares of the bank’s stock worth $217,000 after acquiring an additional 300 shares in the last quarter. Airain ltd acquired a new position in Hanmi Financial during the second quarter worth $226,000. Aperio Group LLC acquired a new position in Hanmi Financial during the third quarter worth $233,000. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Hanmi Financial by 51.4% during the second quarter. BNP Paribas Arbitrage SA now owns 9,529 shares of the bank’s stock worth $271,000 after purchasing an additional 3,235 shares during the last quarter. Hedge funds and other institutional investors own 90.51% of the company’s stock.
Hanmi Financial Corporation (HAFC) opened at $31.05 on Thursday. The stock has a market capitalization of $1,016.03, a PE ratio of 17.42, a P/E/G ratio of 2.17 and a beta of 0.78. Hanmi Financial Corporation has a 1-year low of $25.45 and a 1-year high of $35.85. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.41.
Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. The business had revenue of $53.74 million for the quarter, compared to analysts’ expectations of $53.30 million. Hanmi Financial had a return on equity of 10.60% and a net margin of 24.54%. During the same quarter last year, the business earned $0.41 earnings per share. equities analysts forecast that Hanmi Financial Corporation will post 1.81 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, October 30th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, October 27th. Hanmi Financial’s dividend payout ratio is 46.93%.
Several analysts have recently commented on the company. BidaskClub cut Hanmi Financial from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine upgraded Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $28.00 target price on Hanmi Financial and gave the stock a “hold” rating in a report on Saturday, October 7th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $31.00 target price on shares of Hanmi Financial in a report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $31.00.
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Hanmi Financial 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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