American Century Companies Inc. Purchases 82,087 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

American Century Companies Inc. raised its position in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 16.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 578,155 shares of the bank’s stock after acquiring an additional 82,087 shares during the period. American Century Companies Inc. owned approximately 1.90% of Hanmi Financial worth $9,667,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HAFC. PNC Financial Services Group Inc. boosted its holdings in Hanmi Financial by 90.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,151 shares of the bank’s stock valued at $100,000 after acquiring an additional 2,441 shares during the period. EntryPoint Capital LLC lifted its stake in shares of Hanmi Financial by 278.4% in the first quarter. EntryPoint Capital LLC now owns 8,484 shares of the bank’s stock valued at $135,000 after buying an additional 6,242 shares during the period. Entropy Technologies LP bought a new stake in shares of Hanmi Financial in the first quarter valued at about $171,000. EMC Capital Management lifted its stake in shares of Hanmi Financial by 8.9% in the first quarter. EMC Capital Management now owns 11,768 shares of the bank’s stock valued at $187,000 after buying an additional 958 shares during the period. Finally, Quantbot Technologies LP lifted its stake in shares of Hanmi Financial by 244.3% in the first quarter. Quantbot Technologies LP now owns 13,374 shares of the bank’s stock valued at $213,000 after buying an additional 9,490 shares during the period. 88.66% of the stock is currently owned by institutional investors.

Hanmi Financial Stock Performance

NASDAQ HAFC opened at $19.31 on Monday. The firm has a market cap of $586.77 million, a price-to-earnings ratio of 8.05 and a beta of 0.88. The company has a 50 day moving average of $19.18 and a 200-day moving average of $16.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. Hanmi Financial Co. has a 1-year low of $13.87 and a 1-year high of $20.92.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. The business had revenue of $106.72 million during the quarter, compared to analyst estimates of $59.07 million. Hanmi Financial had a net margin of 15.84% and a return on equity of 9.66%. During the same quarter last year, the business posted $0.67 earnings per share. On average, equities analysts forecast that Hanmi Financial Co. will post 1.98 earnings per share for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 5th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.18%. The ex-dividend date was Monday, August 5th. Hanmi Financial’s dividend payout ratio is currently 41.67%.

Analysts Set New Price Targets

HAFC has been the subject of several research reports. DA Davidson increased their target price on shares of Hanmi Financial from $18.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Wedbush increased their price target on shares of Hanmi Financial from $17.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th.

Hanmi Financial Company Profile

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.