Allspring Global Investments Holdings LLC lowered its holdings in Hanmi Financial Co. (NASDAQ:HAFC – Free Report) by 61.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,479 shares of the bank’s stock after selling 15,211 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hanmi Financial were worth $142,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Quarry LP grew its position in Hanmi Financial by 748.5% in the 1st quarter. Quarry LP now owns 2,325 shares of the bank’s stock valued at $43,000 after purchasing an additional 2,051 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Hanmi Financial in the 2nd quarter valued at $52,000. Quantbot Technologies LP grew its position in Hanmi Financial by 277.5% in the 2nd quarter. Quantbot Technologies LP now owns 4,557 shares of the bank’s stock valued at $102,000 after purchasing an additional 3,350 shares during the period. Captrust Financial Advisors grew its position in Hanmi Financial by 64.7% in the 1st quarter. Captrust Financial Advisors now owns 4,632 shares of the bank’s stock valued at $114,000 after purchasing an additional 1,819 shares during the period. Finally, Pathstone Family Office LLC acquired a new stake in Hanmi Financial in the 4th quarter valued at $200,000. Institutional investors and hedge funds own 88.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on HAFC. StockNews.com began coverage on Hanmi Financial in a research note on Thursday, October 5th. They set a “hold” rating on the stock. Wedbush dropped their price objective on Hanmi Financial from $18.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 25th.
Hanmi Financial Price Performance
Shares of NASDAQ:HAFC opened at $15.63 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $15.96 and its two-hundred day simple moving average is $16.21. Hanmi Financial Co. has a 1-year low of $13.35 and a 1-year high of $27.11. The stock has a market cap of $475.00 million, a PE ratio of 5.35 and a beta of 0.96.
Hanmi Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 6th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date is Friday, November 3rd. Hanmi Financial’s payout ratio is 34.01%.
About Hanmi Financial
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.
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