Charles Schwab Investment Management Inc. Purchases 4,756 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Charles Schwab Investment Management Inc. boosted its position in Hanmi Financial Co. (NASDAQ:HAFCFree Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 906,395 shares of the bank’s stock after acquiring an additional 4,756 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.98% of Hanmi Financial worth $17,584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Hanmi Financial by 107.1% in the third quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock valued at $4,734,000 after acquiring an additional 150,861 shares during the last quarter. American Century Companies Inc. increased its stake in Hanmi Financial by 10.8% in the third quarter. American Century Companies Inc. now owns 358,918 shares of the bank’s stock valued at $5,825,000 after acquiring an additional 35,104 shares during the last quarter. Alps Advisors Inc. increased its stake in Hanmi Financial by 35.7% in the third quarter. Alps Advisors Inc. now owns 20,088 shares of the bank’s stock valued at $326,000 after acquiring an additional 5,282 shares during the last quarter. GSA Capital Partners LLP boosted its position in Hanmi Financial by 148.3% during the third quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank’s stock valued at $861,000 after buying an additional 31,682 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in Hanmi Financial by 1.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank’s stock valued at $3,385,000 after buying an additional 3,494 shares during the period. Institutional investors own 88.66% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Report on HAFC

Hanmi Financial Price Performance

Shares of NASDAQ HAFC opened at $15.56 on Monday. Hanmi Financial Co. has a fifty-two week low of $13.87 and a fifty-two week high of $20.31. The company has a 50 day simple moving average of $15.57 and a two-hundred day simple moving average of $16.54. The company has a market capitalization of $472.87 million, a price-to-earnings ratio of 6.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.98 and a current ratio of 0.98.

Hanmi Financial (NASDAQ:HAFCGet Free Report) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). Hanmi Financial had a net margin of 17.63% and a return on equity of 10.70%. The business had revenue of $58.39 million for the quarter, compared to the consensus estimate of $58.83 million. Analysts expect that Hanmi Financial Co. will post 2.02 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Monday, May 6th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend was Friday, May 3rd. Hanmi Financial’s dividend payout ratio is 41.67%.

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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