Barclays PLC Buys 28,561 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Barclays PLC lifted its stake in Hanmi Financial Co. (NASDAQ:HAFC) by 74.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,158 shares of the bank’s stock after acquiring an additional 28,561 shares during the period. Barclays PLC owned 0.22% of Hanmi Financial worth $1,248,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in HAFC. AQR Capital Management LLC lifted its position 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 valued at $17,937,000 after acquiring an additional 261,545 shares during the last quarter. FMR LLC increased its position in shares of Hanmi Financial by 26.1% during the third quarter. FMR LLC now owns 879,979 shares of the bank’s stock worth $16,368,000 after purchasing an additional 182,164 shares in the last quarter. American Century Companies Inc. lifted 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. Stieven Capital Advisors L.P. boosted its position in shares of Hanmi Financial by 20.6% in the 3rd 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 in the last quarter. Finally, Acadian Asset Management LLC grew its stake in 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 buying an additional 201,789 shares during the last quarter. 88.66% of the stock is currently owned by hedge funds and other institutional investors.

Hanmi Financial Stock Down 2.1 %

Shares of HAFC opened at $23.38 on Monday. The stock’s 50-day moving average price is $24.63 and its 200-day moving average price is $20.61. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $705.98 million, a price-to-earnings ratio of 11.24 and a beta of 0.87. Hanmi Financial Co. has a 52 week low of $14.45 and a 52 week high of $27.59.

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

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were given a dividend of $0.25 per share. The ex-dividend date was Monday, November 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.28%. Hanmi Financial’s dividend payout ratio is currently 48.08%.

Analyst Upgrades and Downgrades

HAFC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $29.00 price target (up from $24.00) on shares of Hanmi Financial in a research note on Wednesday, December 4th. Piper Sandler raised shares of Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $20.00 to $25.50 in a research report on Thursday, October 24th. Janney Montgomery Scott raised shares of Hanmi Financial from a “neutral” rating to a “buy” rating in a research report on Friday, November 15th. Wedbush reaffirmed a “neutral” rating and issued a $21.00 price target on shares of Hanmi Financial in a report on Wednesday, October 23rd. Finally, DA Davidson boosted their price objective on shares of Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company 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.