Barclays PLC Sells 1,746 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Barclays PLC trimmed its holdings in Hanmi Financial Co. (NASDAQ:HAFC) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,412 shares of the bank’s stock after selling 1,746 shares during the period. Barclays PLC owned about 0.22% of Hanmi Financial worth $1,546,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 349,339 shares during the period. Invesco Ltd. boosted its position in shares of Hanmi Financial by 106.8% during the fourth quarter. Invesco Ltd. now owns 403,586 shares of the bank’s stock worth $9,533,000 after acquiring an additional 208,463 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in Hanmi Financial during the fourth quarter valued at $4,262,000. American Century Companies Inc. increased its holdings in Hanmi Financial by 13.0% in the 4th quarter. American Century Companies Inc. now owns 743,466 shares of the bank’s stock valued at $17,561,000 after acquiring an additional 85,425 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Hanmi Financial in the 4th quarter worth $1,652,000. Institutional investors own 88.66% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and set a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Hanmi Financial currently has a consensus rating of “Hold” and a consensus target price of $25.75.

Hanmi Financial Stock Performance

Shares of NASDAQ:HAFC opened at $23.49 on Friday. The firm has a fifty day simple moving average of $22.18 and a two-hundred day simple moving average of $23.40. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $709.82 million, a P/E ratio of 11.46 and a beta of 0.68. Hanmi Financial Co. has a 52 week low of $14.95 and a 52 week high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings data on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.01. The company had revenue of $62.82 million for the quarter, compared to analysts’ expectations of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. On average, analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Monday, May 5th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Monday, May 5th. Hanmi Financial’s dividend payout ratio (DPR) is 50.70%.

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.