Assenagon Asset Management S.A. Lowers Stock Position in Hanmi Financial Co. (NASDAQ:HAFC)

Assenagon Asset Management S.A. lessened its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFCFree Report) by 39.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 176,590 shares of the bank’s stock after selling 115,068 shares during the quarter. Assenagon Asset Management S.A. owned about 0.58% of Hanmi Financial worth $3,426,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. The Manufacturers Life Insurance Company lifted its position in shares of Hanmi Financial by 4.7% during the second quarter. The Manufacturers Life Insurance Company now owns 12,435 shares of the bank’s stock worth $186,000 after purchasing an additional 562 shares in the last quarter. Sei Investments Co. lifted its position in shares of Hanmi Financial by 3.1% during the second quarter. Sei Investments Co. now owns 21,327 shares of the bank’s stock worth $462,000 after purchasing an additional 633 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Hanmi Financial by 1.0% during the second quarter. Rhumbline Advisers now owns 89,228 shares of the bank’s stock worth $2,002,000 after purchasing an additional 856 shares in the last quarter. Teacher Retirement System of Texas lifted its position in shares of Hanmi Financial by 3.4% during the third quarter. Teacher Retirement System of Texas now owns 28,605 shares of the bank’s stock worth $464,000 after purchasing an additional 933 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hanmi Financial by 6.1% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,519 shares of the bank’s stock worth $268,000 after purchasing an additional 953 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Stock Down 2.7 %

Shares of NASDAQ:HAFC opened at $15.49 on Tuesday. The firm’s 50 day moving average price is $15.60 and its 200 day moving average price is $16.59. The stock has a market cap of $468.88 million, a price-to-earnings ratio of 5.91 and a beta of 0.95. Hanmi Financial Co. has a fifty-two week low of $13.35 and a fifty-two week high of $20.31. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.65.

Hanmi Financial (NASDAQ:HAFCGet Free Report) last issued its earnings results on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $59.82 million for the quarter, compared to analysts’ expectations of $63.43 million. Hanmi Financial had a net margin of 19.84% and a return on equity of 11.88%. As a group, equities research analysts predict that Hanmi Financial Co. will post 2.15 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 5th were issued a $0.25 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.00 annualized dividend and a yield of 6.46%. Hanmi Financial’s dividend payout ratio (DPR) is 38.17%.

Analyst Upgrades and Downgrades

HAFC has been the topic of several research reports. Wedbush reduced their price target on shares of Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods reduced their price target on shares of Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating on the stock in a research report on Wednesday, January 24th.

Read Our Latest Stock Analysis on Hanmi Financial

Hanmi Financial Profile

(Free Report)

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, 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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