Barclays PLC grew its stake in Hanmi Financial Co. (NASDAQ:HAFC – Free Report) by 74.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,158 shares of the bank’s stock after acquiring an additional 28,561 shares during the period. Barclays PLC’s holdings in Hanmi Financial were worth $1,248,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HAFC. Texas Permanent School Fund Corp raised its position in Hanmi Financial by 129.0% during the second quarter. Texas Permanent School Fund Corp now owns 59,904 shares of the bank’s stock worth $1,002,000 after acquiring an additional 33,747 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Hanmi Financial during the 2nd quarter worth about $534,000. Jane Street Group LLC lifted its stake in Hanmi Financial by 24.7% in the 3rd quarter. Jane Street Group LLC now owns 60,051 shares of the bank’s stock valued at $1,117,000 after purchasing an additional 11,911 shares during the last quarter. FMR LLC grew its holdings in Hanmi Financial by 26.1% during the third quarter. FMR LLC now owns 879,979 shares of the bank’s stock worth $16,368,000 after purchasing an additional 182,164 shares during the period. Finally, SG Americas Securities LLC increased its position in Hanmi Financial by 49.1% during the third quarter. SG Americas Securities LLC now owns 28,746 shares of the bank’s stock worth $535,000 after buying an additional 9,465 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.
Hanmi Financial Price Performance
Shares of Hanmi Financial stock opened at $21.65 on Tuesday. The company has a 50-day simple moving average of $24.74 and a two-hundred day simple moving average of $21.17. Hanmi Financial Co. has a twelve month low of $14.45 and a twelve month high of $27.59. The stock has a market capitalization of $653.74 million, a price-to-earnings ratio of 10.41 and a beta of 0.89. 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 Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.62%. The ex-dividend date was Monday, November 4th. Hanmi Financial’s dividend payout ratio (DPR) is currently 48.08%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on HAFC shares. DA Davidson lifted their price objective on shares of Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $20.00 to $25.50 in a report on Thursday, October 24th. Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Wedbush restated a “neutral” rating and set a $21.00 price objective on shares of Hanmi Financial in a research report on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 target price (up previously from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.38.
Read Our Latest Research Report on Hanmi Financial
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.
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