Hanmi Financial (NASDAQ:HAFC) Reaches New 52-Week Low at $20.55

Hanmi Financial Co. (NASDAQ:HAFC – Get Rating)’s stock price reached a new 52-week low on Friday . The company traded as low as $20.55 and last traded at $20.55, with a volume of 6294 shares trading hands. The stock had previously closed at $21.64.

Analyst Ratings Changes

Separately, Jonestrading reaffirmed a “buy” rating and set a $29.00 price target on shares of Hanmi Financial in a research note on Wednesday, January 25th.

Hanmi Financial Trading Down 0.9 %

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.00 and a quick ratio of 1.00. The business has a 50 day moving average of $23.87 and a 200 day moving average of $24.70. The firm has a market capitalization of $654.12 million, a price-to-earnings ratio of 6.46 and a beta of 0.98.

Hanmi Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 23rd. Investors of record on Monday, February 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.66%. The ex-dividend date was Friday, February 3rd. Hanmi Financial’s dividend payout ratio is currently 30.12%.

Institutional Trading of Hanmi Financial

Several large investors have recently made changes to their positions in the company. Texas Permanent School Fund grew its position in shares of Hanmi Financial by 2.2% during the 2nd quarter. Texas Permanent School Fund now owns 22,021 shares of the bank’s stock valued at $494,000 after purchasing an additional 464 shares in the last quarter. Sei Investments Co. raised its position in Hanmi Financial by 3.1% in the second quarter. Sei Investments Co. now owns 21,327 shares of the bank’s stock worth $462,000 after acquiring an additional 633 shares during the period. New York State Common Retirement Fund raised its position in shares of Hanmi Financial by 1.5% during the 3rd quarter. New York State Common Retirement Fund now owns 45,170 shares of the bank’s stock valued at $1,070,000 after purchasing an additional 653 shares during the period. Mutual of America Capital Management LLC increased its holdings in Hanmi Financial by 16.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 5,117 shares of the bank’s stock valued at $115,000 after acquiring an additional 735 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Hanmi Financial by 1.0% in the 2nd quarter. Rhumbline Advisers now owns 89,228 shares of the bank’s stock worth $2,002,000 after buying an additional 856 shares in the last quarter. 88.75% of the stock is currently owned by institutional investors and hedge funds.

About Hanmi Financial

(Get Rating)

Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. It offers checking, money market and savings, treasury management, and loans. The company was founded in 1982 and is headquartered in Los Angeles, CA.