Geode Capital Management LLC increased its position in Hanmi Financial Corporation (NASDAQ:HAFC) by 3.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 289,221 shares of the bank’s stock after buying an additional 8,568 shares during the period. Geode Capital Management LLC owned 0.90% of Hanmi Financial Corporation worth $8,893,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue raised its stake in Hanmi Financial Corporation by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 3,570 shares of the bank’s stock worth $109,000 after buying an additional 80 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Hanmi Financial Corporation during the first quarter worth about $113,000. Victory Capital Management Inc. purchased a new stake in shares of Hanmi Financial Corporation during the first quarter worth about $134,000. Highbridge Capital Management LLC purchased a new stake in shares of Hanmi Financial Corporation during the fourth quarter worth about $214,000. Finally, ClariVest Asset Management LLC raised its stake in shares of Hanmi Financial Corporation by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 7,383 shares of the bank’s stock worth $227,000 after buying an additional 374 shares in the last quarter. Hedge funds and other institutional investors own 87.14% of the company’s stock.
Hanmi Financial Corporation (HAFC) opened at 26.65 on Friday. The stock’s 50 day moving average price is $28.28 and its 200-day moving average price is $29.61. Hanmi Financial Corporation has a 12-month low of $22.76 and a 12-month high of $35.85. The firm has a market cap of $855.12 million, a PE ratio of 15.49 and a beta of 0.79.
Hanmi Financial Corporation (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, July 18th. The bank reported $0.45 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45. The company had revenue of $52.88 million during the quarter, compared to analyst estimates of $50.85 million. Hanmi Financial Corporation had a return on equity of 10.41% and a net margin of 24.79%. During the same quarter last year, the company earned $0.44 earnings per share. Equities research analysts anticipate that Hanmi Financial Corporation will post $1.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Friday, July 28th were paid a dividend of $0.21 per share. This is a positive change from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. The ex-dividend date was Wednesday, July 26th. This represents a $0.84 annualized dividend and a yield of 3.15%. Hanmi Financial Corporation’s dividend payout ratio (DPR) is currently 48.28%.
COPYRIGHT VIOLATION NOTICE: “Geode Capital Management LLC Boosts Position in Hanmi Financial Corporation (NASDAQ:HAFC)” was first reported by BNB Daily and is the sole property of of BNB Daily. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.baseball-news-blog.com/2017/08/19/geode-capital-management-llc-acquires-8568-shares-of-hanmi-financial-corporation-nasdaqhafc-updated-updated.html.
HAFC has been the topic of a number of recent research reports. Zacks Investment Research lowered Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 target price on shares of Hanmi Financial Corporation in a research note on Wednesday, July 12th. Finally, BidaskClub downgraded Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $32.00.
About Hanmi Financial Corporation
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
Receive News & Ratings for Hanmi Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hanmi Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.