Thrivent Financial for Lutherans Acquires 61,928 Shares of Hanmi Financial Corporation $HAFC

Thrivent Financial for Lutherans increased its holdings in Hanmi Financial Corporation (NASDAQ:HAFC) by 287.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 83,475 shares of the bank’s stock after purchasing an additional 61,928 shares during the period. Thrivent Financial for Lutherans’ holdings in Hanmi Financial were worth $2,257,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HAFC. Rhino Investment Partners Inc grew its stake in shares of Hanmi Financial by 27.1% in the third quarter. Rhino Investment Partners Inc now owns 785,756 shares of the bank’s stock worth $19,400,000 after purchasing an additional 167,485 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Hanmi Financial by 240.8% in the third quarter. First Trust Advisors LP now owns 117,241 shares of the bank’s stock worth $2,895,000 after purchasing an additional 82,835 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Hanmi Financial by 7.0% in the third quarter. American Century Companies Inc. now owns 932,896 shares of the bank’s stock worth $23,033,000 after purchasing an additional 60,876 shares during the last quarter. UBS Group AG grew its stake in shares of Hanmi Financial by 85.6% in the third quarter. UBS Group AG now owns 117,892 shares of the bank’s stock worth $2,911,000 after purchasing an additional 54,386 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Hanmi Financial by 58.2% in the third quarter. Two Sigma Investments LP now owns 143,837 shares of the bank’s stock worth $3,551,000 after purchasing an additional 52,918 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on HAFC shares. Keefe, Bruyette & Woods boosted their price objective on shares of Hanmi Financial from $31.50 to $32.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. DA Davidson reissued a “neutral” rating and issued a $29.50 price objective on shares of Hanmi Financial in a research note on Thursday, January 29th. Finally, Piper Sandler boosted their price objective on shares of Hanmi Financial from $32.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $32.17.

Hanmi Financial Price Performance

HAFC stock opened at $30.17 on Tuesday. The firm has a market cap of $898.16 million, a price-to-earnings ratio of 11.26 and a beta of 0.73. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.16. Hanmi Financial Corporation has a 12-month low of $21.84 and a 12-month high of $31.33. The company’s fifty day simple moving average is $28.12 and its 200 day simple moving average is $27.68.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, April 21st. The bank reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $134.95 million for the quarter, compared to analyst estimates of $71.40 million. Hanmi Financial had a net margin of 18.05% and a return on equity of 10.31%. On average, analysts expect that Hanmi Financial Corporation will post 3.16 earnings per share for the current year.

Hanmi Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were issued a $0.28 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.12 annualized dividend and a yield of 3.7%. Hanmi Financial’s payout ratio is presently 41.79%.

Insider Transactions at Hanmi Financial

In related news, insider Matthew Fuhr sold 3,300 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $30.83, for a total value of $101,739.00. Following the transaction, the insider owned 34,002 shares in the company, valued at $1,048,281.66. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.12% of the stock is currently owned by insiders.

Hanmi Financial Company Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean?American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium?sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA?guaranteed loans.