Hanmi Financial Corp (NASDAQ:HAFC) Director John J. Ahn purchased 7,000 shares of the stock in a transaction on Monday, March 23rd. The stock was acquired at an average cost of $9.45 per share, with a total value of $66,150.00. Following the acquisition, the director now owns 19,862 shares of the company’s stock, valued at approximately $187,695.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NASDAQ HAFC opened at $10.53 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $294.07 million, a PE ratio of 9.84 and a beta of 1.20. The business has a 50-day simple moving average of $14.82 and a two-hundred day simple moving average of $18.04. Hanmi Financial Corp has a fifty-two week low of $8.00 and a fifty-two week high of $24.09.
Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.33). The business had revenue of $50.65 million during the quarter, compared to analyst estimates of $50.60 million. Hanmi Financial had a return on equity of 5.79% and a net margin of 11.95%. On average, sell-side analysts predict that Hanmi Financial Corp will post 1.44 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Monday, February 3rd were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 9.12%. The ex-dividend date was Friday, January 31st. Hanmi Financial’s payout ratio is 90.57%.
Several large investors have recently made changes to their positions in HAFC. FMR LLC raised its stake in shares of Hanmi Financial by 6.5% in the first quarter. FMR LLC now owns 2,561,110 shares of the bank’s stock worth $54,475,000 after purchasing an additional 155,428 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Hanmi Financial by 14.4% in the third quarter. California Public Employees Retirement System now owns 61,386 shares of the bank’s stock worth $1,153,000 after purchasing an additional 7,722 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Hanmi Financial by 48.3% in the third quarter. Russell Investments Group Ltd. now owns 18,201 shares of the bank’s stock worth $341,000 after purchasing an additional 5,927 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Hanmi Financial by 1.2% in the third quarter. California State Teachers Retirement System now owns 47,207 shares of the bank’s stock worth $887,000 after purchasing an additional 563 shares during the last quarter. Finally, Barclays PLC raised its stake in shares of Hanmi Financial by 2.1% in the third quarter. Barclays PLC now owns 35,715 shares of the bank’s stock worth $670,000 after purchasing an additional 728 shares during the last quarter. Hedge funds and other institutional investors own 88.45% of the company’s stock.
Several equities research analysts have weighed in on the company. ValuEngine raised Hanmi Financial from a “sell” rating to a “hold” rating in a report on Monday, December 30th. Zacks Investment Research downgraded Hanmi Financial from a “hold” rating to a “sell” rating in a report on Thursday, January 30th. Finally, BidaskClub downgraded Hanmi Financial from a “hold” rating to a “sell” rating in a report on Thursday, March 5th. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.50.
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. The company 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.
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