Intech Investment Management LLC Has $701,000 Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Intech Investment Management LLC grew its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 37,706 shares of the bank’s stock after acquiring an additional 414 shares during the quarter. Intech Investment Management LLC owned about 0.12% of Hanmi Financial worth $701,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC grew its stake in Hanmi Financial by 32.2% during the second quarter. AQR Capital Management LLC now owns 1,072,772 shares of the bank’s stock worth $17,937,000 after buying an additional 261,545 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Hanmi Financial by 71.8% during the 2nd quarter. Acadian Asset Management LLC now owns 482,698 shares of the bank’s stock worth $8,070,000 after acquiring an additional 201,789 shares in the last quarter. Bank of Montreal Can bought a new position in Hanmi Financial in the second quarter valued at approximately $2,979,000. Assenagon Asset Management S.A. raised its position in Hanmi Financial by 66.5% during the third quarter. Assenagon Asset Management S.A. now owns 395,244 shares of the bank’s stock valued at $7,352,000 after purchasing an additional 157,792 shares in the last quarter. Finally, Stieven Capital Advisors L.P. lifted its stake in Hanmi Financial by 20.6% during the third quarter. Stieven Capital Advisors L.P. now owns 571,053 shares of the bank’s stock worth $10,622,000 after purchasing an additional 97,500 shares during the last quarter. Institutional investors own 88.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wedbush reiterated a “neutral” rating and issued a $21.00 price target on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Piper Sandler raised Hanmi Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $20.00 to $25.50 in a research note on Thursday, October 24th. DA Davidson upped their price objective on Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods raised shares of Hanmi Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $20.00 to $22.00 in a report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $22.63.

Hanmi Financial Trading Down 1.1 %

NASDAQ HAFC opened at $26.45 on Friday. The firm has a market capitalization of $798.68 million, a PE ratio of 12.72 and a beta of 0.84. The business’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $19.27. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.58. Hanmi Financial Co. has a 12 month low of $14.45 and a 12 month high of $27.59.

Hanmi Financial (NASDAQ:HAFC) last announced its earnings results on Tuesday, October 22nd. The bank reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Hanmi Financial had a return on equity of 8.87% and a net margin of 14.80%. The business had revenue of $108.86 million for the quarter, compared to analysts’ expectations of $59.23 million. During the same period in the prior year, the business posted $0.62 earnings per share. On average, analysts expect that Hanmi Financial Co. will post 2 EPS for the current year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Monday, November 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Monday, November 4th. Hanmi Financial’s dividend payout ratio (DPR) is presently 48.08%.

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.