Royce & Associates LP owns $3.78 million in shares of Hanmi Financial Co. (NASDAQ:HAFC)
Royce & Associates LP raised its position in Hanmi Financial Co. (NASDAQ: HAFC – Get Rating) by 134.2% during the first quarter, according to its latest SEC filing. The company held 153,510 shares of the bank after purchasing an additional 87,950 shares during the period. Royce & Associates LP held 0.50% of Hanmi Financial worth $3,778,000 when it last filed with the SEC.
A number of other hedge funds and other institutional investors have also recently changed their holdings in the company. Stieven Capital Advisors LP raised its position in Hanmi Financial shares by 2.3% in the fourth quarter. Stieven Capital Advisors LP now owns 599,511 shares of the bank worth $14,196,000 after purchasing an additional 13,600 shares during the period. Assenagon Asset Management SA increased its position in Hanmi Financial shares by 46.5% in the 1st quarter. Assenagon Asset Management SA now owns 276,397 shares of the bank worth $6,802,000 after purchasing an additional 87,784 shares during the period. Acadian Asset Management LLC raised its position in Hanmi Financial shares by 76.2% in the fourth quarter. Acadian Asset Management LLC now owns 174,741 shares of the bank worth $4,137,000 after purchasing an additional 75,548 shares during the period. American Century Companies Inc. increased its position in Hanmi Financial shares by 40.1% in the fourth quarter. American Century Companies Inc. now owns 116,138 shares of the bank worth $2,750,000 after purchasing an additional 33,233 shares during the period. Finally, Bank of America Corp DE raised its position in Hanmi Financial shares by 6.7% in the 4th quarter. Bank of America Corp DE now owns 99,612 shares of the bank worth $2,360,000 after purchasing an additional 6,289 shares during the period. Institutional investors and hedge funds own 87.05% of the company’s shares.
Wall Street analysts predict growth
A number of research companies have recently published reports on HAFCs. StockNews.com downgraded shares of Hanmi Financial from a “buy” rating to a “hold” rating in a Wednesday, May 25 research report. DA Davidson raised his price target on Hanmi Financial shares to $27.00 and gave the company an “outperform” rating in a Wednesday, July 27 research report.
Hanmi Financial Stock Performance
Shares of HAFC opened at $25.63 on Friday. The company has a market capitalization of $780.87 million, a PE ratio of 7.43 and a beta of 1.05. The company has a fifty-day simple moving average of $23.19 and a two-hundred-day simple moving average of $24.27. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt ratio of 0.44. Hanmi Financial Co. has a 12-month low of $17.66 and a 12-month high of $28.84.
Hanmi Financial increases its dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 24. Shareholders of record on Monday August 8 will receive a dividend of $0.25 per share. This represents a dividend of $1.00 on an annualized basis and a yield of 3.90%. The ex-date of this dividend is Friday, August 5. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.22. Hanmi Financial’s payout ratio is 25.51%.
Hanmi Financial Company Profile
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Hanmi Financial Corporation operates as a holding company for Hanmi Bank which provides corporate banking products and services in the United States. The Company offers various deposit products, including non-interest bearing checking accounts, interest bearing checking and savings accounts, withdrawal negotiable promissory accounts, money market accounts and certificates of deposit.
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