Stieven Capital Advisors L.P. Sells 400 Shares of Hanmi Financial Corporation (HAFC)
Stieven Capital Advisors L.P. lowered its stake in Hanmi Financial Corporation (NASDAQ:HAFC) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 188,184 shares of the bank’s stock after selling 400 shares during the period. Stieven Capital Advisors L.P. owned approximately 0.59% of Hanmi Financial Corporation worth $5,354,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of HAFC. BlackRock Inc. increased its stake in shares of Hanmi Financial Corporation by 48,878.9% in the first quarter. BlackRock Inc. now owns 3,983,942 shares of the bank’s stock valued at $122,506,000 after buying an additional 3,975,808 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Hanmi Financial Corporation by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,913,681 shares of the bank’s stock valued at $58,846,000 after buying an additional 71,097 shares during the period. Vanguard Group Inc. increased its stake in shares of Hanmi Financial Corporation by 5.3% in the first quarter. Vanguard Group Inc. now owns 1,661,914 shares of the bank’s stock valued at $51,104,000 after buying an additional 83,123 shares during the period. FMR LLC increased its stake in shares of Hanmi Financial Corporation by 1.4% in the first quarter. FMR LLC now owns 1,350,499 shares of the bank’s stock valued at $41,528,000 after buying an additional 18,000 shares during the period. Finally, State Street Corp increased its stake in shares of Hanmi Financial Corporation by 11.6% in the first quarter. State Street Corp now owns 1,014,542 shares of the bank’s stock valued at $31,194,000 after buying an additional 105,588 shares during the period. Institutional investors own 88.39% of the company’s stock.
Hanmi Financial Corporation (NASDAQ HAFC) remained flat at $27.05 on Monday. 1,927 shares of the stock traded hands. The company’s 50-day moving average is $28.02 and its 200 day moving average is $29.39. The company has a market cap of $867.95 million, a price-to-earnings ratio of 15.73 and a beta of 0.79. Hanmi Financial Corporation has a 12-month low of $22.76 and a 12-month high of $35.85.
Hanmi Financial Corporation (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, July 18th. The bank reported $0.45 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.45. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. The company had revenue of $52.88 million during the quarter, compared to analysts’ expectations of $50.85 million. During the same period in the prior year, the company earned $0.44 earnings per share. On average, equities analysts predict that Hanmi Financial Corporation will post $1.82 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 16th. Shareholders of record on Friday, July 28th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.11%. This is a boost from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, July 26th. Hanmi Financial Corporation’s dividend payout ratio is 48.28%.
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Several equities research analysts have weighed in on HAFC shares. Piper Jaffray Companies restated a “hold” rating and set a $31.00 price target on shares of Hanmi Financial Corporation in a report on Wednesday, July 12th. BidaskClub downgraded Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Finally, Zacks Investment Research downgraded Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $33.00.
About Hanmi Financial Corporation
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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