Hanmi Financial Co. (NASDAQ:HAFC) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in Hanmi Financial Co. (NASDAQ:HAFC) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,161 shares of the bank’s stock after selling 565 shares during the quarter. State of Alaska Department of Revenue’s holdings in Hanmi Financial were worth $319,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. grew its position in Hanmi Financial by 47.0% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after buying an additional 1,207 shares during the last quarter. EntryPoint Capital LLC boosted its stake in Hanmi Financial by 278.4% in the 1st quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank’s stock worth $135,000 after purchasing an additional 6,242 shares during the period. Marshall Wace LLP acquired a new position in Hanmi Financial in the 2nd quarter worth approximately $168,000. Entropy Technologies LP acquired a new position in Hanmi Financial in the 1st quarter worth approximately $171,000. Finally, EMC Capital Management boosted its stake in Hanmi Financial by 8.9% in the 1st quarter. EMC Capital Management now owns 11,768 shares of the bank’s stock worth $187,000 after purchasing an additional 958 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on HAFC shares. Keefe, Bruyette & Woods raised shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $20.00 to $22.00 in a research note on Wednesday, October 2nd. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $20.00 to $25.50 in a research note on Thursday, October 24th. DA Davidson raised their price objective on shares of Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Wedbush reaffirmed a “neutral” rating and issued a $21.00 price objective on shares of Hanmi Financial in a research note on Wednesday, October 23rd.

Hanmi Financial Trading Up 0.6 %

Shares of NASDAQ:HAFC opened at $24.89 on Friday. The firm has a fifty day moving average of $20.24 and a two-hundred day moving average of $18.23. The firm has a market capitalization of $751.68 million, a P/E ratio of 11.97 and a beta of 0.84. Hanmi Financial Co. has a 12-month low of $14.45 and a 12-month high of $26.30. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.58.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $108.86 million during the quarter, compared to analyst estimates of $59.23 million. Hanmi Financial had a net margin of 14.80% and a return on equity of 8.87%. During the same quarter last year, the business posted $0.62 EPS. On average, equities analysts expect that Hanmi Financial Co. will post 2.01 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.02%. Hanmi Financial’s dividend payout ratio is currently 48.08%.

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.