SG Americas Securities LLC Buys 9,465 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

SG Americas Securities LLC raised its position in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 49.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,746 shares of the bank’s stock after acquiring an additional 9,465 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Hanmi Financial worth $535,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HAFC. AQR Capital Management LLC raised its stake in Hanmi Financial by 32.2% in the 2nd quarter. AQR Capital Management LLC now owns 1,072,772 shares of the bank’s stock worth $17,937,000 after purchasing an additional 261,545 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Hanmi Financial by 71.8% in the second quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank’s stock valued at $8,070,000 after buying an additional 201,789 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Hanmi Financial in the second quarter valued at approximately $2,979,000. American Century Companies Inc. grew its position in Hanmi Financial by 16.5% during the second quarter. American Century Companies Inc. now owns 578,155 shares of the bank’s stock worth $9,667,000 after buying an additional 82,087 shares in the last quarter. Finally, Stieven Capital Advisors L.P. grew its position in Hanmi Financial by 19.2% during the second quarter. Stieven Capital Advisors L.P. now owns 473,553 shares of the bank’s stock worth $7,918,000 after buying an additional 76,198 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Keefe, Bruyette & Woods upgraded Hanmi Financial from a “market perform” rating to an “outperform” rating and upped their target price for the company from $20.00 to $22.00 in a research report on Wednesday, October 2nd. DA Davidson upped their price objective on shares of Hanmi Financial from $18.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Finally, Wedbush decreased their target price on shares of Hanmi Financial from $22.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, September 24th.

Hanmi Financial Trading Up 2.9 %

Shares of HAFC opened at $20.65 on Wednesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.00 and a current ratio of 1.00. Hanmi Financial Co. has a 52-week low of $13.87 and a 52-week high of $21.10. The firm has a market cap of $627.49 million, a price-to-earnings ratio of 8.60 and a beta of 0.87. The business’s fifty day moving average is $18.98 and its 200-day moving average is $17.31.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. The business had revenue of $106.72 million for the quarter, compared to analyst estimates of $59.07 million. Hanmi Financial had a return on equity of 9.66% and a net margin of 15.84%. During the same period last year, the firm posted $0.67 earnings per share. Equities analysts anticipate that Hanmi Financial Co. will post 1.97 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 21st. Investors of record on Monday, August 5th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Monday, August 5th. Hanmi Financial’s dividend payout ratio is 41.67%.

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. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.