BlackRock Inc. raised its holdings in Hanmi Financial Corp (NASDAQ:HAFC) by 4.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,253,574 shares of the bank’s stock after acquiring an additional 169,321 shares during the quarter. BlackRock Inc. owned about 0.13% of Hanmi Financial worth $129,097,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new stake in Hanmi Financial in the third quarter valued at approximately $218,000. Victory Capital Management Inc. lifted its stake in Hanmi Financial by 42.6% in the third quarter. Victory Capital Management Inc. now owns 7,291 shares of the bank’s stock valued at $226,000 after acquiring an additional 2,179 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Hanmi Financial in the third quarter worth $233,000. Janney Capital Management LLC acquired a new stake in shares of Hanmi Financial in the third quarter worth $258,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Hanmi Financial in the third quarter worth $275,000. Hedge funds and other institutional investors own 88.90% of the company’s stock.
In related news, Director John J. Ahn bought 3,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were acquired at an average price of $31.56 per share, with a total value of $94,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.91% of the company’s stock.
Shares of HAFC stock opened at $29.70 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 1.02. Hanmi Financial Corp has a one year low of $25.45 and a one year high of $33.10. The firm has a market cap of $1,027.14, a price-to-earnings ratio of 17.47, a PEG ratio of 1.71 and a beta of 0.64.
Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.48 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.48. Hanmi Financial had a net margin of 22.52% and a return on equity of 10.59%. The business had revenue of $54.03 million during the quarter, compared to analysts’ expectations of $54.53 million. research analysts anticipate that Hanmi Financial Corp will post 2.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 5th were given a dividend of $0.24 per share. The ex-dividend date was Friday, February 2nd. This represents a $0.96 dividend on an annualized basis and a yield of 3.23%. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.21. Hanmi Financial’s payout ratio is 56.47%.
Hanmi Financial 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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