11,378 Shares in Hanmi Financial Corporation $HAFC Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new stake in Hanmi Financial Corporation (NASDAQ:HAFC) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 11,378 shares of the bank’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. LSV Asset Management boosted its holdings in Hanmi Financial by 16.4% in the first 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 period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hanmi Financial in the 4th quarter valued at about $3,108,000. Nuveen LLC acquired a new stake in Hanmi Financial in the 1st quarter valued at about $2,925,000. Segall Bryant & Hamill LLC purchased a new position in shares of Hanmi Financial in the 1st quarter valued at about $1,826,000. Finally, American Century Companies Inc. grew its position in shares of Hanmi Financial by 10.1% during the first quarter. American Century Companies Inc. now owns 818,831 shares of the bank’s stock worth $18,555,000 after buying an additional 75,365 shares in the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on HAFC shares. Keefe, Bruyette & Woods lifted their price target on Hanmi Financial from $27.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, July 23rd. DA Davidson boosted their target price on Hanmi Financial from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 23rd. Finally, Piper Sandler lowered their price target on Hanmi Financial from $28.50 to $28.00 and set an “overweight” rating for the company in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Hanmi Financial presently has a consensus rating of “Hold” and an average target price of $26.00.

Hanmi Financial Stock Down 0.8%

Hanmi Financial stock opened at $24.95 on Wednesday. Hanmi Financial Corporation has a fifty-two week low of $17.90 and a fifty-two week high of $27.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.98. The company has a market capitalization of $751.74 million, a P/E ratio of 11.60 and a beta of 0.78. The stock has a 50-day simple moving average of $24.57 and a 200-day simple moving average of $23.40.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, July 22nd. The bank reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.12). The firm had revenue of $65.21 million for the quarter, compared to analysts’ expectations of $65.70 million. Hanmi Financial had a return on equity of 8.77% and a net margin of 15.11%.During the same quarter in the prior year, the business earned $0.48 EPS. Equities research analysts expect that Hanmi Financial Corporation will post 2.6 earnings per share for the current year.

Hanmi Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 20th. Stockholders of record on Monday, August 4th were given a dividend of $0.27 per share. The ex-dividend date was Monday, August 4th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.3%. Hanmi Financial’s dividend payout ratio (DPR) is 50.23%.

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.