Boston Partners Boosts Holdings in Hanmi Financial Corp (NASDAQ:HAFC)

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.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The firm had revenue of $54.03 million during the quarter, compared to analysts’ expectations of $54.53 million. Hanmi Financial had a return on equity of 10.59% and a net margin of 22.52%. research analysts forecast that Hanmi Financial Corp will post 2.31 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: “Boston Partners Boosts Holdings in Hanmi Financial Corp (NASDAQ:HAFC)” was posted by Week Herald and is the sole property of of Week Herald. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://weekherald.com/2018/02/15/hanmi-financial-corp-hafc-holdings-boosted-by-boston-partners.html.

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.

Institutional Ownership by Quarter for Hanmi Financial (NASDAQ:HAFC)

Receive News & Ratings for Hanmi Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply