American Century Companies Inc. Raises Stock Holdings in Hanmi Financial Corporation $HAFC

American Century Companies Inc. grew its stake in Hanmi Financial Corporation (NASDAQ:HAFC) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 932,896 shares of the bank’s stock after buying an additional 60,876 shares during the period. American Century Companies Inc. owned approximately 3.10% of Hanmi Financial worth $23,033,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. purchased a new stake in shares of Hanmi Financial during the 3rd quarter valued at $7,191,000. LSV Asset Management increased its stake in Hanmi Financial by 3.0% in the second quarter. LSV Asset Management now owns 1,417,475 shares of the bank’s stock valued at $34,983,000 after acquiring an additional 40,684 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in Hanmi Financial by 139.0% in the second quarter. Texas Permanent School Fund Corp now owns 64,825 shares of the bank’s stock valued at $1,600,000 after acquiring an additional 37,707 shares during the last quarter. Jane Street Group LLC raised its position in Hanmi Financial by 352.6% during the first quarter. Jane Street Group LLC now owns 44,723 shares of the bank’s stock valued at $1,013,000 after purchasing an additional 34,841 shares in the last quarter. Finally, Intech Investment Management LLC lifted its stake in Hanmi Financial by 96.2% during the second quarter. Intech Investment Management LLC now owns 69,659 shares of the bank’s stock worth $1,719,000 after purchasing an additional 34,148 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HAFC shares. DA Davidson reiterated a “neutral” rating and issued a $29.50 price objective on shares of Hanmi Financial in a report on Thursday, January 29th. Zacks Research cut Hanmi Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Piper Sandler boosted their target price on Hanmi Financial from $33.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, February 2nd. Wall Street Zen cut shares of Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Hanmi Financial in a research note on Monday, December 29th. Two investment 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, the company presently has an average rating of “Hold” and an average target price of $31.33.

Hanmi Financial Stock Down 1.3%

Shares of Hanmi Financial stock opened at $25.43 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 0.99. Hanmi Financial Corporation has a 52-week low of $19.25 and a 52-week high of $30.20. The company’s 50 day moving average price is $27.34 and its 200-day moving average price is $26.63. The stock has a market capitalization of $760.10 million, a price-to-earnings ratio of 10.13 and a beta of 0.74.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.01). The firm had revenue of $71.20 million for the quarter, compared to analysts’ expectations of $71.40 million. Hanmi Financial had a net margin of 17.10% and a return on equity of 9.85%. Equities research analysts forecast that Hanmi Financial Corporation will post 2.6 EPS for the current year.

Hanmi Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, February 9th were issued a dividend of $0.28 per share. This is an increase from Hanmi Financial’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Monday, February 9th. Hanmi Financial’s dividend payout ratio (DPR) is currently 44.62%.

Hanmi Financial Company Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.