Several hedge funds have recently changed their holdings in Hanmi Financial. PNC Financial Services increased its stake by 90.1%, owning 5,151 shares worth $100,000 after buying 2,441 additional shares. Los Angeles Capital Management raised its position by 18.6%, now holding 19,330 shares valued at $308,000 with an additional 3,030 shares purchased. Allspring Global Investments raised its stake by 10.9%, owning 17,559 shares worth $280,000. BNP Paribas increased its holdings by 113.5%, owning 82,130 shares valued at $1.3 million after buying 43,662 shares. Quantbot Technologies grew its stake significantly by 244.3%, owning 13,374 shares valued at $213,000. Overall, hedge funds own 88.66% of the company’s stock.
Hanmi Financial Trading Update
Hanmi Financial (HAFC) opened at $20.65. Its 50-day average is $18.98, while the 200-day average is $17.31. The market cap is $627.49 million, with a P/E ratio of 8.60. The stock’s low for the year is $13.87 and high is $21.10. The company has a debt-to-equity ratio of 0.60.
Hanmi Financial reported earnings of $0.48 per share for the quarter ending July 23, matching analysts’ expectations. The bank had a net margin of 15.84% and revenue of $106.72 million compared to the expected $59.07 million. Last year, the EPS was $0.67. Analysts expect the EPS for this fiscal year to be 1.97.
Dividend Announcement
Hanmi Financial announced a $0.25 quarterly dividend, paid on August 21 to shareholders recorded on August 5. This annualizes to $1.00 with a yield of 4.84%. The dividend payout ratio is 41.67%.
Analysts’ Opinions
Analysts have revised their ratings on Hanmi Financial. DA Davidson raised its price target from $18.00 to $21.00 with a “neutral” rating. Wedbush lowered its target from $22.00 to $21.00 with a “neutral” rating. Keefe, Bruyette & Woods upgraded their rating from “market perform” to “outperform,” increasing the target from $20.00 to $22.00.
Get Our Latest Stock Analysis on HAFC
Company Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank, which offers various business banking products and services in the U.S., including checking and savings accounts.
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