QS Investors LLC Cuts Holdings in Hanmi Financial Corporation (HAFC)
QS Investors LLC lessened its holdings in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,159 shares of the bank’s stock after selling 3,092 shares during the quarter. QS Investors LLC owned about 0.63% of Hanmi Financial Corporation worth $5,780,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of HAFC. Wells Fargo & Company MN boosted its position in Hanmi Financial Corporation by 0.7% during the first quarter. Wells Fargo & Company MN now owns 208,259 shares of the bank’s stock worth $6,404,000 after purchasing an additional 1,550 shares during the period. Great West Life Assurance Co. Can boosted its position in Hanmi Financial Corporation by 7.6% during the first quarter. Great West Life Assurance Co. Can now owns 45,193 shares of the bank’s stock worth $1,387,000 after purchasing an additional 3,180 shares during the period. Bank of New York Mellon Corp boosted its position in Hanmi Financial Corporation by 27.6% during the first quarter. Bank of New York Mellon Corp now owns 608,774 shares of the bank’s stock worth $18,720,000 after purchasing an additional 131,614 shares during the period. Comerica Bank boosted its position in Hanmi Financial Corporation by 2.8% during the first quarter. Comerica Bank now owns 89,071 shares of the bank’s stock worth $2,636,000 after purchasing an additional 2,458 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in Hanmi Financial Corporation during the first quarter worth about $429,000. Hedge funds and other institutional investors own 88.39% of the company’s stock.
HAFC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 20th. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 target price on shares of Hanmi Financial Corporation in a research report on Wednesday, July 12th. BidaskClub lowered shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, ValuEngine lowered shares of Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.00.
Hanmi Financial Corporation (NASDAQ HAFC) opened at 30.95 on Friday. The stock has a 50 day moving average of $27.26 and a 200-day moving average of $28.57. Hanmi Financial Corporation has a 52-week low of $22.78 and a 52-week high of $35.85. The company has a market capitalization of $993.09 million, a price-to-earnings ratio of 17.99 and a beta of 0.78.
Hanmi Financial Corporation (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. 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 prior year, the firm earned $0.44 EPS. On average, equities research analysts anticipate that Hanmi Financial Corporation will post $1.82 earnings per share for the current fiscal year.
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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