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.
Want to see what other hedge funds are holding HAFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hanmi Financial Corp (NASDAQ:HAFC).
Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.