Sanctuary Advisors LLC Sells 3,065 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Sanctuary Advisors LLC lowered its position in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 7.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,780 shares of the bank’s stock after selling 3,065 shares during the quarter. Sanctuary Advisors LLC owned 0.12% of Hanmi Financial worth $868,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Hanmi Financial by 71.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank’s stock worth $15,552,000 after buying an additional 349,339 shares during the period. FMR LLC increased its holdings in shares of Hanmi Financial by 26.1% in the third quarter. FMR LLC now owns 879,979 shares of the bank’s stock worth $16,368,000 after acquiring an additional 182,164 shares in the last quarter. Stieven Capital Advisors L.P. raised its position in shares of 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 period. Barclays PLC lifted its holdings in shares of Hanmi Financial by 74.0% during the 3rd quarter. Barclays PLC now owns 67,158 shares of the bank’s stock valued at $1,248,000 after purchasing an additional 28,561 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of Hanmi Financial in the 3rd quarter valued at approximately $411,000. Institutional investors own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HAFC shares. Janney Montgomery Scott upgraded shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a report on Friday, November 15th. DA Davidson restated a “neutral” rating and set a $27.50 price objective on shares of Hanmi Financial in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $29.00 price objective (up from $24.00) on shares of Hanmi Financial in a research report on Wednesday, December 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.75.

Hanmi Financial Trading Up 0.6 %

NASDAQ HAFC opened at $23.64 on Friday. Hanmi Financial Co. has a 52 week low of $14.45 and a 52 week high of $27.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 1.00. The stock’s 50 day moving average price is $23.52 and its two-hundred day moving average price is $22.37. The stock has a market capitalization of $713.83 million, a price-to-earnings ratio of 11.53 and a beta of 0.88.

Hanmi Financial (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, January 28th. The bank reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. As a group, analysts anticipate that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, February 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Hanmi Financial’s previous quarterly dividend of $0.25. Hanmi Financial’s dividend payout ratio is presently 52.68%.

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.