Assenagon Asset Management S.A. lifted its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC – Free Report) by 107.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 291,658 shares of the bank’s stock after purchasing an additional 150,861 shares during the period. Assenagon Asset Management S.A. owned 0.96% of Hanmi Financial worth $4,734,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new position in shares of Hanmi Financial during the 3rd quarter worth approximately $265,000. Teacher Retirement System of Texas boosted its holdings in shares of Hanmi Financial by 3.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 28,605 shares of the bank’s stock worth $464,000 after purchasing an additional 933 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hanmi Financial by 6.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,519 shares of the bank’s stock worth $268,000 after purchasing an additional 953 shares during the last quarter. Strs Ohio acquired a new position in shares of Hanmi Financial during the 3rd quarter worth approximately $30,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in shares of Hanmi Financial by 6.3% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 25,349 shares of the bank’s stock worth $411,000 after purchasing an additional 1,504 shares during the last quarter. 88.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on HAFC shares. StockNews.com started coverage on Hanmi Financial in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Wedbush decreased their price objective on Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating on the stock in a report on Wednesday, January 24th. Finally, Keefe, Bruyette & Woods decreased their price objective on Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating on the stock in a report on Wednesday, January 24th.
Hanmi Financial Trading Down 2.3 %
HAFC opened at $16.75 on Thursday. The stock has a market capitalization of $509.03 million, a PE ratio of 6.39 and a beta of 1.00. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.01. Hanmi Financial Co. has a one year low of $13.35 and a one year high of $24.29. The business’s 50 day moving average price is $18.35 and its 200 day moving average price is $17.35.
Hanmi Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Shareholders of record on Monday, February 5th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 5.97%. The ex-dividend date is Friday, February 2nd. Hanmi Financial’s payout ratio is 38.17%.
Hanmi Financial 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, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.
- Five stocks we like better than Hanmi Financial
- What is a Secondary Public Offering? What Investors Need to Know
- What is a bear market rally? Examples and how they work
- How to Find Undervalued Stocks
- 7 best bear market ETFs to battle a decline
- What is a Bond Market Holiday? How to Invest and Trade
- 10 best sugar stocks to buy now
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.