Amalgamated Bank Has $149,000 Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Amalgamated Bank decreased its holdings in Hanmi Financial Co. (NASDAQ:HAFC) by 10.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,910 shares of the bank’s stock after selling 988 shares during the period. Amalgamated Bank’s holdings in Hanmi Financial were worth $149,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd grew its position in Hanmi Financial by 12.4% in the second quarter. WINTON GROUP Ltd now owns 60,117 shares of the bank’s stock valued at $1,005,000 after acquiring an additional 6,640 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Hanmi Financial by 16.5% during the 2nd quarter. American Century Companies Inc. now owns 578,155 shares of the bank’s stock valued at $9,667,000 after purchasing an additional 82,087 shares during the last quarter. Texas Permanent School Fund Corp increased its position in Hanmi Financial by 129.0% during the 2nd quarter. Texas Permanent School Fund Corp now owns 59,904 shares of the bank’s stock worth $1,002,000 after purchasing an additional 33,747 shares in the last quarter. Quest Partners LLC lifted its stake in Hanmi Financial by 165.1% in the 2nd quarter. Quest Partners LLC now owns 37,104 shares of the bank’s stock valued at $620,000 after purchasing an additional 23,110 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Hanmi Financial by 71.8% in the 2nd quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank’s stock valued at $8,070,000 after purchasing an additional 201,789 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Hanmi Financial Stock Performance

Shares of Hanmi Financial stock opened at $18.03 on Wednesday. The stock has a market cap of $547.88 million, a price-to-earnings ratio of 7.51 and a beta of 0.88. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.60. Hanmi Financial Co. has a twelve month low of $13.87 and a twelve month high of $20.92. The company’s fifty day moving average is $19.09 and its 200 day moving average is $17.02.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. The company had revenue of $106.72 million for the quarter, compared to analyst estimates of $59.07 million. During the same period in the previous year, the firm earned $0.67 earnings per share. Sell-side analysts forecast that Hanmi Financial Co. will post 1.98 EPS for the current year.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 21st. Shareholders of record on Monday, August 5th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 5th. This represents a $1.00 dividend on an annualized basis and a yield of 5.55%. Hanmi Financial’s dividend payout ratio (DPR) is currently 41.67%.

Wall Street Analyst Weigh In

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