Federated Hermes Inc. Sells 712 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Federated Hermes Inc. cut its position in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 27.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,928 shares of the bank’s stock after selling 712 shares during the quarter. Federated Hermes Inc.’s holdings in Hanmi Financial were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HAFC. JPMorgan Chase & Co. increased its stake in shares of Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after acquiring an additional 349,339 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Hanmi Financial during the fourth quarter valued at approximately $4,262,000. American Century Companies Inc. lifted its holdings in shares of Hanmi Financial by 13.0% during the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank’s stock valued at $17,561,000 after purchasing an additional 85,425 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Hanmi Financial in the 4th quarter worth approximately $1,652,000. Finally, Prudential Financial Inc. boosted its position in shares of Hanmi Financial by 53.3% in the 4th quarter. Prudential Financial Inc. now owns 182,031 shares of the bank’s stock worth $4,300,000 after purchasing an additional 63,300 shares in the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Stock Up 0.4 %

Shares of Hanmi Financial stock opened at $21.49 on Friday. The company has a 50-day simple moving average of $22.45 and a two-hundred day simple moving average of $23.17. The stock has a market capitalization of $649.73 million, a PE ratio of 10.48 and a beta of 0.68. Hanmi Financial Co. has a 52-week low of $14.55 and a 52-week high of $27.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, analysts anticipate that Hanmi Financial Co. will post 2.6 EPS for the current fiscal year.

Hanmi Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were given a dividend of $0.27 per share. The ex-dividend date was Monday, February 10th. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 5.03%. Hanmi Financial’s dividend payout ratio (DPR) is 52.68%.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “neutral” rating and set a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.75.

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