Boston Advisors LLC decreased its position in Hanmi Financial Corp. (NASDAQ:HAFC) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,830 shares of the company’s stock after selling 110 shares during the period. Boston Advisors LLC’s holdings in Hanmi Financial Corp. were worth $5,845,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in Hanmi Financial Corp. by 94.5% in the second quarter. BNP Paribas Arbitrage SA now owns 10,395 shares of the company’s stock worth $244,000 after buying an additional 5,051 shares during the period. Louisiana State Employees Retirement System increased its position in Hanmi Financial Corp. by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock worth $336,000 after buying an additional 100 shares during the period. Capstone Asset Management Co. increased its position in Hanmi Financial Corp. by 15.0% in the second quarter. Capstone Asset Management Co. now owns 14,342 shares of the company’s stock worth $337,000 after buying an additional 1,870 shares during the period. Virginia Retirement System purchased a new position in Hanmi Financial Corp. during the first quarter worth $344,000. Finally, Arizona State Retirement System increased its position in Hanmi Financial Corp. by 5.1% in the first quarter. Arizona State Retirement System now owns 16,466 shares of the company’s stock worth $363,000 after buying an additional 800 shares during the period. 86.33% of the stock is owned by hedge funds and other institutional investors.
Hanmi Financial Corp. (NASDAQ:HAFC) traded up 1.19% during midday trading on Wednesday, reaching $26.27. The company had a trading volume of 118,947 shares. Hanmi Financial Corp. has a 12-month low of $18.92 and a 12-month high of $28.09. The stock’s 50 day moving average is $25.89 and its 200 day moving average is $23.83. The firm has a market capitalization of $838.04 million, a price-to-earnings ratio of 14.68 and a beta of 1.17.
Hanmi Financial Corp. (NASDAQ:HAFC) last announced its earnings results on Tuesday, July 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.02. Hanmi Financial Corp. had a return on equity of 11.49% and a net margin of 27.43%. During the same quarter in the previous year, the business earned $0.44 EPS. Equities research analysts expect that Hanmi Financial Corp. will post $1.79 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research downgraded Hanmi Financial Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Keefe, Bruyette & Woods cut Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $28.00 to $26.00 in a research note on Thursday, June 2nd. Finally, Raymond James Financial Inc. upgraded Hanmi Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $28.00 price objective on the stock in a research note on Thursday, August 25th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $27.20.
In other Hanmi Financial Corp. news, Director Joon Hyung Lee sold 2,412 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $25.33, for a total value of $61,095.96. Following the transaction, the director now owns 270,285 shares of the company’s stock, valued at $6,846,319.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.91% of the company’s stock.
About Hanmi Financial Corp.
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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