Hanmi Financial Co. (NASDAQ:HAFC) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in Hanmi Financial Co. (NASDAQ:HAFCGet Rating) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,176 shares of the bank’s stock after selling 1,681 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hanmi Financial were worth $316,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in Hanmi Financial by 64.7% in the first quarter. Captrust Financial Advisors now owns 4,632 shares of the bank’s stock valued at $114,000 after acquiring an additional 1,819 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new position in shares of Hanmi Financial in the 1st quarter valued at $218,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Hanmi Financial during the 2nd quarter worth about $219,000. KBC Group NV acquired a new stake in shares of Hanmi Financial during the 1st quarter worth about $240,000. Finally, Toronto Dominion Bank purchased a new stake in Hanmi Financial in the 1st quarter valued at about $315,000. Hedge funds and other institutional investors own 90.53% of the company’s stock.

Hanmi Financial Stock Down 0.2 %

Shares of NASDAQ:HAFC opened at $26.21 on Tuesday. The firm’s 50-day moving average is $24.81 and its two-hundred day moving average is $24.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.96 and a quick ratio of 0.96. Hanmi Financial Co. has a 1 year low of $21.29 and a 1 year high of $28.84. The firm has a market capitalization of $798.54 million, a PE ratio of 7.53 and a beta of 1.02.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 23rd. Shareholders of record on Monday, November 7th will be given a $0.25 dividend. The ex-dividend date is Friday, November 4th. This represents a $1.00 annualized dividend and a yield of 3.82%. Hanmi Financial’s dividend payout ratio is presently 28.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HAFC shares. StockNews.com assumed coverage on shares of Hanmi Financial in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Piper Sandler boosted their target price on Hanmi Financial to $26.00 in a research report on Tuesday, November 1st. Finally, DA Davidson raised their price target on Hanmi Financial to $27.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th.

Hanmi Financial Profile

(Get Rating)

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Hanmi Financial (NASDAQ:HAFC)

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