Swiss National Bank Sells 1,000 Shares of Hanmi Financial Corporation $HAFC

Swiss National Bank trimmed its holdings in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,500 shares of the bank’s stock after selling 1,000 shares during the quarter. Swiss National Bank owned 0.19% of Hanmi Financial worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in Hanmi Financial by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,776,133 shares of the bank’s stock worth $41,952,000 after acquiring an additional 31,634 shares during the last quarter. LSV Asset Management boosted its stake in shares of Hanmi Financial by 16.4% in the 1st quarter. LSV Asset Management now owns 1,376,791 shares of the bank’s stock valued at $31,198,000 after purchasing an additional 193,610 shares during the last quarter. Rhino Investment Partners Inc bought a new stake in shares of Hanmi Financial in the 4th quarter valued at $15,400,000. Stieven Capital Advisors L.P. boosted its stake in shares of Hanmi Financial by 9.2% in the 1st quarter. Stieven Capital Advisors L.P. now owns 608,076 shares of the bank’s stock valued at $13,779,000 after purchasing an additional 51,323 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Hanmi Financial by 4.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 358,602 shares of the bank’s stock valued at $8,126,000 after purchasing an additional 15,499 shares during the last quarter. 88.66% of the stock is owned by institutional investors.

Hanmi Financial Stock Performance

HAFC opened at $24.99 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $23.33. Hanmi Financial Corporation has a 1-year low of $17.90 and a 1-year high of $27.59. The company has a market cap of $752.95 million, a price-to-earnings ratio of 11.62 and a beta of 0.76.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, July 22nd. The bank reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.12). Hanmi Financial had a return on equity of 8.77% and a net margin of 15.11%.The business had revenue of $65.21 million for the quarter, compared to analyst estimates of $65.70 million. During the same quarter in the previous year, the company posted $0.48 EPS. On average, analysts expect that Hanmi Financial Corporation will post 2.6 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 20th. Shareholders of record on Monday, August 4th were issued a dividend of $0.27 per share. The ex-dividend date was Monday, August 4th. This represents a $1.08 annualized dividend and a yield of 4.3%. Hanmi Financial’s dividend payout ratio is presently 50.23%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HAFC. Keefe, Bruyette & Woods upped their price objective on shares of Hanmi Financial from $27.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, July 23rd. Piper Sandler reduced their price objective on shares of Hanmi Financial from $28.50 to $28.00 and set an “overweight” rating on the stock in a research note on Thursday, July 24th. Finally, DA Davidson upped their price objective on shares of Hanmi Financial from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.00.

Hanmi Financial Company 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.