UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 8,630 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,133 shares of the bank’s stock after purchasing an additional 8,630 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Hanmi Financial worth $1,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. PEAK6 Investments LLC bought a new position in Hanmi Financial during the third quarter valued at approximately $309,000. FMR LLC boosted its position in shares of Hanmi Financial by 26.1% during the 3rd quarter. FMR LLC now owns 879,979 shares of the bank’s stock valued at $16,368,000 after acquiring an additional 182,164 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Hanmi Financial by 60.1% in the third quarter. Cerity Partners LLC now owns 34,910 shares of the bank’s stock valued at $649,000 after purchasing an additional 13,109 shares in the last quarter. Intech Investment Management LLC increased its position in Hanmi Financial by 1.1% in the third quarter. Intech Investment Management LLC now owns 37,706 shares of the bank’s stock worth $701,000 after purchasing an additional 414 shares during the last quarter. Finally, Quest Partners LLC raised its stake in Hanmi Financial by 24.7% during the third quarter. Quest Partners LLC now owns 46,280 shares of the bank’s stock valued at $861,000 after purchasing an additional 9,176 shares in the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Hanmi Financial Stock Down 3.9 %

Shares of NASDAQ HAFC opened at $25.44 on Wednesday. Hanmi Financial Co. has a 1 year low of $14.45 and a 1 year high of $27.59. The firm has a 50-day simple moving average of $23.95 and a two-hundred day simple moving average of $20.08. The company has a market cap of $768.19 million, a P/E ratio of 12.23 and a beta of 0.87. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.00 and a quick ratio of 0.99.

Hanmi Financial (NASDAQ:HAFC) last issued its quarterly earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. Hanmi Financial had a return on equity of 8.87% and a net margin of 14.80%. The firm had revenue of $108.86 million during the quarter, compared to analyst estimates of $59.23 million. During the same period last year, the company earned $0.62 EPS. Research analysts anticipate that Hanmi Financial Co. will post 2 earnings per share for the current year.

Hanmi Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Monday, November 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 3.93%. The ex-dividend date was Monday, November 4th. Hanmi Financial’s dividend payout ratio is presently 48.08%.

Analysts Set New Price Targets

HAFC has been the topic of a number of research reports. 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 boosted their price objective on Hanmi Financial from $20.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price objective on shares of Hanmi Financial in a research note on Wednesday, October 23rd. Piper Sandler upgraded Hanmi Financial from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $20.00 to $25.50 in a report on Thursday, October 24th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Hanmi Financial presently has an average rating of “Hold” and a consensus price target of $24.38.

Hanmi Financial 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.