Truist Financial Corp trimmed its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC – Free Report) by 22.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,217 shares of the bank’s stock after selling 6,550 shares during the period. Truist Financial Corp’s holdings in Hanmi Financial were worth $332,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Hanmi Financial by 3.6% during the first quarter. BlackRock Inc. now owns 4,506,824 shares of the bank’s stock worth $83,692,000 after acquiring an additional 155,777 shares during the period. Vanguard Group Inc. grew its stake in shares of Hanmi Financial by 2.4% in the third quarter. Vanguard Group Inc. now owns 2,168,706 shares of the bank’s stock worth $51,356,000 after purchasing an additional 50,412 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hanmi Financial by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,128,214 shares of the bank’s stock worth $52,376,000 after purchasing an additional 58,480 shares during the last quarter. State Street Corp boosted its position in Hanmi Financial by 9.1% during the first quarter. State Street Corp now owns 1,493,306 shares of the bank’s stock valued at $27,731,000 after acquiring an additional 124,442 shares during the last quarter. Finally, LSV Asset Management raised its holdings in shares of Hanmi Financial by 1.6% during the first quarter. LSV Asset Management now owns 1,244,391 shares of the bank’s stock valued at $23,108,000 after purchasing an additional 19,270 shares during the period. 88.03% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
HAFC has been the subject of several analyst reports. StockNews.com started coverage on shares of Hanmi Financial in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Wedbush lowered their price objective on shares of Hanmi Financial from $18.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 25th.
Hanmi Financial Stock Down 0.1 %
Shares of HAFC stock opened at $15.57 on Monday. The stock has a market cap of $473.17 million, a P/E ratio of 5.30 and a beta of 0.96. Hanmi Financial Co. has a 12 month low of $13.35 and a 12 month high of $27.11. The company has a 50 day simple moving average of $15.96 and a two-hundred day simple moving average of $16.21. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44.
Hanmi Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Monday, November 6th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.42%. Hanmi Financial’s dividend payout ratio is 34.01%.
Hanmi Financial Company Profile
Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It 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.
- Five stocks we like better than Hanmi Financial
- The “How” and “Why” of Investing in 5G Stocks
- MarketBeat Week in Review – 11/6 – 11/10
- Investing in Blue-Chip Stocks
- Data giants MongoDB and Snowflake just got upgraded
- How to Invest in Communication Stocks
- Plug Power at tipping point; it’s make or break time for hydrogen
Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.