Hanmi Financial Corporation (NASDAQ:HAFC - Get Free Report) insider Anthony Kim sold 5,333 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $30.73, for a total value of $163,883.09. Following the completion of the sale, the insider owned 41,615 shares of the company's stock, valued at approximately $1,278,828.95. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Hanmi Financial Stock Up 0.4%
Shares of HAFC opened at $30.54 on Tuesday. The company has a market cap of $909.18 million, a PE ratio of 11.40 and a beta of 0.73. The business has a fifty day moving average of $29.02 and a 200 day moving average of $27.93. Hanmi Financial Corporation has a 52-week low of $22.00 and a 52-week high of $31.33. 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 (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The bank reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.04. The company had revenue of $134.95 million during the quarter, compared to the consensus estimate of $71.40 million. Hanmi Financial had a return on equity of 10.31% and a net margin of 18.05%. On average, sell-side analysts expect that Hanmi Financial Corporation will post 3.16 EPS for the current year.
Hanmi Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, May 20th. Investors of record on Monday, May 4th were given a $0.28 dividend. The ex-dividend date was Monday, May 4th. This represents a $1.12 dividend on an annualized basis and a yield of 3.7%. Hanmi Financial's dividend payout ratio (DPR) is currently 41.79%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on HAFC shares. Brean Capital restated a "neutral" rating and issued a $32.00 price target on shares of Hanmi Financial in a research report on Thursday, May 28th. Piper Sandler lifted their target price on Hanmi Financial from $32.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, April 27th. Capital One Financial set a $32.00 target price on Hanmi Financial in a research report on Thursday, May 28th. Finally, Keefe, Bruyette & Woods lifted their target price on Hanmi Financial from $31.50 to $32.00 and gave the stock a "market perform" rating in a research report on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $32.10.
Read Our Latest Report on HAFC
Institutional Trading of Hanmi Financial
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Hanmi Financial by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,201,736 shares of the bank's stock valued at $59,513,000 after acquiring an additional 45,511 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hanmi Financial by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,760,855 shares of the bank's stock valued at $46,416,000 after acquiring an additional 56,102 shares in the last quarter. State Street Corp raised its holdings in shares of Hanmi Financial by 0.3% in the fourth quarter. State Street Corp now owns 1,349,873 shares of the bank's stock valued at $36,487,000 after acquiring an additional 4,651 shares in the last quarter. American Century Companies Inc. raised its holdings 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 valued at $23,033,000 after acquiring an additional 60,876 shares in the last quarter. Finally, Rhino Investment Partners Inc raised its holdings in shares of Hanmi Financial by 4.9% in the first quarter. Rhino Investment Partners Inc now owns 881,957 shares of the bank's stock valued at $23,248,000 after acquiring an additional 41,008 shares in the last quarter. 88.66% of the stock is currently owned by institutional investors.
Hanmi Financial Company Profile
(
Get Free Report)
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.
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