Nuveen LLC Makes New $2.93 Million Investment in Hanmi Financial Corporation $HAFC

Nuveen LLC acquired a new position in shares of Hanmi Financial Corporation (NASDAQ:HAFC) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 129,104 shares of the bank’s stock, valued at approximately $2,925,000. Nuveen LLC owned approximately 0.43% of Hanmi Financial at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in shares of Hanmi Financial by 1.9% during the 1st quarter. SG Americas Securities LLC now owns 25,406 shares of the bank’s stock worth $576,000 after purchasing an additional 480 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in Hanmi Financial by 6.6% in the fourth quarter. Point72 Asset Management L.P. now owns 8,527 shares of the bank’s stock valued at $201,000 after acquiring an additional 527 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in Hanmi Financial by 0.9% in the fourth quarter. Cresset Asset Management LLC now owns 56,990 shares of the bank’s stock valued at $1,346,000 after acquiring an additional 535 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hanmi Financial by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,112 shares of the bank’s stock valued at $404,000 after acquiring an additional 547 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its holdings in Hanmi Financial by 1.3% in the first quarter. SummerHaven Investment Management LLC now owns 47,211 shares of the bank’s stock valued at $1,070,000 after acquiring an additional 599 shares during the last quarter. 88.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on HAFC shares. Piper Sandler decreased their price objective on Hanmi Financial from $28.50 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, July 24th. DA Davidson boosted their target price on Hanmi Financial from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods boosted their target price on Hanmi Financial from $27.00 to $28.00 and gave the company a “market perform” rating in a research report 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

Hanmi Financial Stock Down 0.6%

Shares of NASDAQ HAFC opened at $25.28 on Friday. The stock has a market cap of $761.69 million, a P/E ratio of 11.76 and a beta of 0.76. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. Hanmi Financial Corporation has a 12-month low of $17.90 and a 12-month high of $27.59. The business’s fifty day simple moving average is $24.44 and its 200-day simple moving average is $23.37.

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

Hanmi Financial Dividend Announcement

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

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.