Boston Partners boosted its holdings in Hanmi Financial Corp (NASDAQ:HAFC) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 753,090 shares of the bank’s stock after purchasing an additional 56,353 shares during the quarter. Boston Partners owned about 2.32% of Hanmi Financial worth $22,857,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in HAFC. Piedmont Investment Advisors LLC purchased a new stake in Hanmi Financial in the third quarter valued at approximately $218,000. Victory Capital Management Inc. lifted its stake in Hanmi Financial by 42.6% in the third quarter. Victory Capital Management Inc. now owns 7,291 shares of the bank’s stock valued at $226,000 after buying an additional 2,179 shares during the last quarter. Aperio Group LLC purchased a new stake in Hanmi Financial in the third quarter valued at approximately $233,000. Janney Capital Management LLC purchased a new stake in Hanmi Financial in the third quarter valued at approximately $258,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in Hanmi Financial in the third quarter valued at approximately $275,000. 89.28% of the stock is owned by hedge funds and other institutional investors.
Shares of Hanmi Financial Corp (HAFC) opened at $31.25 on Thursday. The company has a market capitalization of $995.65, a P/E ratio of 18.38, a PEG ratio of 1.66 and a beta of 0.63. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.48. Hanmi Financial Corp has a 52 week low of $25.45 and a 52 week high of $34.55.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Monday, February 5th will be given a $0.24 dividend. This is a boost from Hanmi Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.96 annualized dividend and a yield of 3.07%. Hanmi Financial’s dividend payout ratio is presently 56.47%.
A number of equities research analysts have weighed in on HAFC shares. Zacks Investment Research upgraded Hanmi Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, December 19th. BidaskClub cut Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. ValuEngine cut Hanmi Financial from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $32.00 price target on shares of Hanmi Financial in a research note on Friday, December 22nd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Hanmi Financial has a consensus rating of “Hold” and a consensus target price of $33.00.
In other news, Director John J. Ahn bought 3,000 shares of the stock in a transaction on Friday, January 26th. The shares were bought at an average price of $31.56 per share, with a total value of $94,680.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.91% of the stock is currently owned by corporate insiders.
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Hanmi Financial Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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