Vanguard Group Inc. raised its stake in Hanmi Financial Corporation (NASDAQ:HAFC) by 5.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,661,914 shares of the bank’s stock after buying an additional 83,123 shares during the period. Vanguard Group Inc. owned approximately 0.05% of Hanmi Financial Corporation worth $51,104,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Trexquant Investment LP acquired a new stake in shares of Hanmi Financial Corporation during the first quarter valued at $339,000. Wells Fargo & Company MN increased its stake in shares of Hanmi Financial Corporation by 0.7% in the first quarter. Wells Fargo & Company MN now owns 208,259 shares of the bank’s stock valued at $6,404,000 after buying an additional 1,550 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Hanmi Financial Corporation by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the bank’s stock valued at $406,000 after buying an additional 200 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Hanmi Financial Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 56,707 shares of the bank’s stock valued at $1,979,000 after buying an additional 1,552 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Hanmi Financial Corporation during the fourth quarter valued at $995,000. Institutional investors and hedge funds own 88.22% of the company’s stock.

Hanmi Financial Corporation (NASDAQ:HAFC) opened at 27.70 on Thursday. The firm has a 50-day moving average price of $28.45 and a 200-day moving average price of $29.93. Hanmi Financial Corporation has a one year low of $22.78 and a one year high of $35.85. The firm has a market cap of $888.56 million, a PE ratio of 16.10 and a beta of 0.79.

Hanmi Financial Corporation (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $50.85 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. On average, equities analysts expect that Hanmi Financial Corporation will post $1.82 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 16th. Shareholders of record on Friday, July 28th will be paid a dividend of $0.21 per share. The ex-dividend date is Wednesday, July 26th. This represents a $0.84 annualized dividend and a yield of 2.98%. This is a positive change from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. Hanmi Financial Corporation’s payout ratio is 48.28%.

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A number of equities analysts have issued reports on HAFC shares. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Hanmi Financial Corporation in a report on Thursday, April 20th. FBR & Co reaffirmed an “outperform” rating and issued a $34.00 target price (down previously from $39.00) on shares of Hanmi Financial Corporation in a report on Wednesday, April 19th. Zacks Investment Research cut Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a report on Monday, April 24th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 target price on shares of Hanmi Financial Corporation in a report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued 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.

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

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