Legal & General Group Plc Boosts Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Legal & General Group Plc raised its position in Hanmi Financial Co. (NASDAQ:HAFC) by 1.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 80,571 shares of the bank’s stock after buying an additional 994 shares during the quarter. Legal & General Group Plc owned about 0.27% of Hanmi Financial worth $1,903,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Hanmi Financial by 71.8% during the third quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after acquiring an additional 349,339 shares during the period. Barclays PLC increased its position in Hanmi Financial by 74.0% during the 3rd quarter. Barclays PLC now owns 67,158 shares of the bank’s stock worth $1,248,000 after purchasing an additional 28,561 shares during the period. Amundi raised its stake in shares of Hanmi Financial by 213.3% during the 4th quarter. Amundi now owns 15,115 shares of the bank’s stock worth $338,000 after buying an additional 10,290 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of 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 buying an additional 11,911 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Hanmi Financial by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 489,126 shares of the bank’s stock valued at $11,553,000 after buying an additional 41,020 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $23.22 on Friday. The firm has a market capitalization of $702.03 million, a price-to-earnings ratio of 11.33 and a beta of 0.68. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The business’s 50 day simple moving average is $22.32 and its 200-day simple moving average is $23.24. Hanmi Financial Co. has a 12 month low of $14.95 and a 12 month high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last posted its earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $62.82 million for the quarter, compared to analyst estimates of $63.45 million. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. As a group, equities analysts forecast that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 4.65%. Hanmi Financial’s dividend payout ratio is presently 52.68%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “neutral” rating and issued a $27.50 price objective on shares of Hanmi Financial in a research report on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Hanmi Financial presently has a consensus rating of “Hold” and an average price target of $25.75.

About Hanmi Financial

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.