King Luther Capital Management Corp Has $3.77 Million Stake in Hanmi Financial Corporation (HAFC)
King Luther Capital Management Corp reduced its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,535 shares of the bank’s stock after selling 40,725 shares during the quarter. King Luther Capital Management Corp owned 0.41% of Hanmi Financial Corporation worth $3,771,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Hanmi Financial Corporation by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 223,715 shares of the bank’s stock worth $6,365,000 after purchasing an additional 651 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Hanmi Financial Corporation by 10.1% during the 2nd quarter. Teachers Advisors LLC now owns 64,084 shares of the bank’s stock worth $1,823,000 after purchasing an additional 5,885 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Hanmi Financial Corporation by 0.5% during the 2nd quarter. Systematic Financial Management LP now owns 551,085 shares of the bank’s stock worth $15,678,000 after purchasing an additional 2,840 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of Hanmi Financial Corporation during the 2nd quarter worth $1,211,000. Finally, LSV Asset Management grew its holdings in shares of Hanmi Financial Corporation by 14.4% during the 2nd quarter. LSV Asset Management now owns 1,086,094 shares of the bank’s stock worth $30,899,000 after purchasing an additional 136,400 shares in the last quarter. 88.39% of the stock is currently owned by institutional investors.
Shares of Hanmi Financial Corporation (NASDAQ HAFC) opened at 27.15 on Friday. The firm has a market capitalization of $871.16 million, a price-to-earnings ratio of 15.78 and a beta of 0.78. Hanmi Financial Corporation has a 1-year low of $22.78 and a 1-year high of $35.85. The company has a 50-day moving average price of $27.30 and a 200 day moving average price of $28.72.
Hanmi Financial Corporation (NASDAQ:HAFC) last announced its earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.45. The business had revenue of $52.88 million for the quarter, compared to analyst estimates of $50.85 million. Hanmi Financial Corporation had a return on equity of 10.41% and a net margin of 24.79%. During the same period in the prior year, the company earned $0.44 EPS. On average, equities research analysts predict that Hanmi Financial Corporation will post $1.82 EPS for the current year.
Several analysts recently weighed in on the company. Zacks Investment Research raised Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $31.00 price objective on shares of Hanmi Financial Corporation in a research note on Wednesday, July 12th. BidaskClub lowered Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Finally, ValuEngine lowered Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Hanmi Financial Corporation presently has an average rating of “Hold” and a consensus price target of $33.00.
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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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