JPMorgan Chase & Co. Has $27.97 Million Stake in Hanmi Financial Corporation (HAFC)
JPMorgan Chase & Co. lessened its position in Hanmi Financial Corporation (NASDAQ:HAFC) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 906,648 shares of the bank’s stock after selling 20,095 shares during the quarter. JPMorgan Chase & Co. owned 2.80% of Hanmi Financial worth $27,970,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in HAFC. FMR LLC lifted its holdings in shares of Hanmi Financial by 16.7% in the 2nd quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after acquiring an additional 226,110 shares during the last quarter. LSV Asset Management lifted its holdings in shares of Hanmi Financial by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,086,094 shares of the bank’s stock worth $30,899,000 after acquiring an additional 136,400 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Hanmi Financial by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,008,836 shares of the bank’s stock worth $57,152,000 after acquiring an additional 95,155 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Hanmi Financial in the 2nd quarter worth about $1,836,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Hanmi Financial by 49.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 194,814 shares of the bank’s stock worth $5,543,000 after acquiring an additional 64,065 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 $30.35 on Thursday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41. The company has a market cap of $983.62, a PE ratio of 16.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.78. Hanmi Financial Corporation has a 12-month low of $25.45 and a 12-month high of $35.85.
Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, October 17th. The bank reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The business had revenue of $53.74 million for the quarter, compared to the consensus estimate of $53.30 million. Hanmi Financial had a net margin of 24.54% and a return on equity of 10.60%. During the same quarter last year, the firm posted $0.41 EPS. equities research analysts expect that Hanmi Financial Corporation will post 1.81 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, October 30th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.77%. The ex-dividend date of this dividend was Friday, October 27th. Hanmi Financial’s dividend payout ratio (DPR) is 47.19%.
A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Hanmi Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Hanmi Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. ValuEngine upgraded shares of Hanmi Financial from a “hold” rating to a “buy” rating in a report on Wednesday, September 27th. Keefe, Bruyette & Woods set a $28.00 price objective on shares of Hanmi Financial and gave the company a “hold” rating in a report on Saturday, October 7th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 price objective on shares of Hanmi Financial in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $31.00.
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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