Mutual of America Capital Management LLC Has $2.55 Million Stake in Hanmi Financial Corp (HAFC)
Mutual of America Capital Management LLC lowered its stake in shares of Hanmi Financial Corp (NASDAQ:HAFC) by 21.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 83,984 shares of the bank’s stock after selling 23,542 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hanmi Financial were worth $2,549,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of Hanmi Financial during the 3rd quarter valued at approximately $218,000. Victory Capital Management Inc. increased its position in shares of Hanmi Financial by 42.6% during the 3rd quarter. Victory Capital Management Inc. now owns 7,291 shares of the bank’s stock valued at $226,000 after purchasing an additional 2,179 shares during the last quarter. Aperio Group LLC bought a new position in shares of Hanmi Financial during the 3rd quarter valued at approximately $233,000. Janney Capital Management LLC bought a new position in shares of Hanmi Financial during the 3rd quarter valued at approximately $258,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Hanmi Financial during the 3rd quarter valued at approximately $275,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently weighed in on HAFC shares. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, December 19th. BidaskClub downgraded Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. ValuEngine downgraded Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $32.00 target price on shares of Hanmi Financial in a research report on Friday, December 22nd. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.00.
Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $54.03 million for the quarter, compared to the consensus estimate of $54.53 million. Hanmi Financial had a return on equity of 10.59% and a net margin of 22.52%. equities research analysts expect that Hanmi Financial Corp will post 2.31 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 3.15%. The ex-dividend date is Friday, February 2nd. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.21. Hanmi Financial’s dividend payout ratio is 56.47%.
In other Hanmi Financial news, Director John J. Ahn acquired 3,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were bought at an average price of $31.56 per share, with a total value of $94,680.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.66% of the company’s stock.
Hanmi Financial 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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