Federated Hermes Inc. Buys Shares of 2,369 Hanmi Financial Co. (NASDAQ:HAFC)

Federated Hermes Inc. bought a new stake in Hanmi Financial Co. (NASDAQ:HAFC) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 2,369 shares of the bank’s stock, valued at approximately $46,000.

Several other large investors have also modified their holdings of HAFC. Strs Ohio acquired a new position in Hanmi Financial in the 3rd quarter valued at $30,000. Mirae Asset Global Investments Co. Ltd. increased its stake 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 acquiring an additional 953 shares during the period. Teacher Retirement System of Texas raised its holdings in 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. Los Angeles Capital Management LLC acquired a new stake in Hanmi Financial in the third quarter valued at about $265,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Hanmi Financial by 107.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock valued at $4,734,000 after purchasing an additional 150,861 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on HAFC shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $18.00 target price (down from $18.50) on shares of Hanmi Financial in a research note on Wednesday, April 24th. Wedbush reissued a “neutral” rating and issued a $17.00 target price on shares of Hanmi Financial in a report on Wednesday, April 24th.

Hanmi Financial Stock Performance

NASDAQ HAFC opened at $15.97 on Tuesday. The business has a 50 day moving average price of $15.30 and a 200 day moving average price of $16.44. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $483.57 million, a P/E ratio of 6.65 and a beta of 0.93. Hanmi Financial Co. has a 1-year low of $13.64 and a 1-year high of $20.31.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Monday, May 6th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.26%. The ex-dividend date of this dividend is Friday, May 3rd. Hanmi Financial’s dividend payout ratio (DPR) is presently 41.67%.

Hanmi Financial 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, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.