Hanmi Financial Corporation (HAFC) Stake Held by Louisiana State Employees Retirement System
Louisiana State Employees Retirement System held its position in Hanmi Financial Corporation (NASDAQ:HAFC) during the second quarter, Holdings Channel reports. The institutional investor owned 13,200 shares of the bank’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Hanmi Financial Corporation were worth $376,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in HAFC. BlackRock Inc. boosted its position in Hanmi Financial Corporation by 48,878.9% in the first quarter. BlackRock Inc. now owns 3,983,942 shares of the bank’s stock worth $122,506,000 after buying an additional 3,975,808 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Hanmi Financial Corporation during the first quarter worth $5,485,000. Bank of New York Mellon Corp boosted its position in Hanmi Financial Corporation by 27.6% in the first quarter. Bank of New York Mellon Corp now owns 608,774 shares of the bank’s stock worth $18,720,000 after buying an additional 131,614 shares during the last quarter. State Street Corp boosted its position in Hanmi Financial Corporation by 11.6% in the first quarter. State Street Corp now owns 1,014,542 shares of the bank’s stock worth $31,194,000 after buying an additional 105,588 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Hanmi Financial Corporation by 102.7% in the first quarter. First Trust Advisors LP now owns 177,567 shares of the bank’s stock worth $5,460,000 after buying an additional 89,952 shares during the last quarter. 87.14% of the stock is owned by institutional investors.
Hanmi Financial Corporation (NASDAQ HAFC) traded up 0.72% during midday trading on Tuesday, hitting $27.90. The stock had a trading volume of 25,899 shares. The firm has a market cap of $894.98 million, a P/E ratio of 16.22 and a beta of 0.79. The stock has a 50-day moving average price of $28.40 and a 200 day moving average price of $29.74. Hanmi Financial Corporation has a 12-month low of $22.76 and a 12-month high of $35.85.
Hanmi Financial Corporation (NASDAQ:HAFC) last issued 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. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. The business had revenue of $52.88 million during the quarter, compared to analysts’ expectations of $50.85 million. During the same period last year, the company posted $0.44 EPS. On average, equities analysts anticipate that Hanmi Financial Corporation will post $1.82 earnings per share for the current fiscal 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 dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.03%. This is a boost from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, July 26th. Hanmi Financial Corporation’s dividend payout ratio (DPR) is 48.28%.
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A number of equities analysts recently weighed in on HAFC shares. FBR & Co reaffirmed an “outperform” rating and issued a $34.00 price target (down previously from $39.00) on shares of Hanmi Financial Corporation in a report on Wednesday, April 19th. Piper Jaffray Companies cut their price objective on Hanmi Financial Corporation from $34.00 to $32.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. Zacks Investment Research lowered Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Hanmi Financial Corporation in a research note on Thursday, April 20th. Finally, BidaskClub lowered Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Hanmi Financial Corporation presently has a consensus rating of “Hold” and an average price target of $32.00.
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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