Hanmi Financial Co. (NASDAQ:HAFC) Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its holdings in Hanmi Financial Co. (NASDAQ:HAFCGet Rating) by 2,691.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,612 shares of the bank’s stock after acquiring an additional 33,372 shares during the quarter. Lazard Asset Management LLC’s holdings in Hanmi Financial were worth $775,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Texas Permanent School Fund increased its stake in Hanmi Financial by 2.2% during the 2nd quarter. Texas Permanent School Fund now owns 22,021 shares of the bank’s stock valued at $494,000 after buying an additional 464 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Hanmi Financial by 18.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 20,944 shares of the bank’s stock valued at $470,000 after acquiring an additional 3,238 shares in the last quarter. Watershed Asset Management L.L.C. increased its stake in shares of Hanmi Financial by 9.5% during the second quarter. Watershed Asset Management L.L.C. now owns 11,144 shares of the bank’s stock valued at $250,000 after acquiring an additional 970 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Hanmi Financial during the second quarter worth approximately $2,344,000. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in Hanmi Financial in the second quarter worth approximately $1,057,000. 90.53% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Price Performance

NASDAQ HAFC opened at $26.08 on Friday. The stock has a market capitalization of $795.07 million, a P/E ratio of 7.49 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.96 and a current ratio of 0.96. The business’s fifty day moving average is $25.12 and its two-hundred day moving average is $24.22. Hanmi Financial Co. has a 1 year low of $21.29 and a 1 year high of $28.84.

Hanmi Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 23rd. Stockholders of record on Monday, November 7th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Friday, November 4th. Hanmi Financial’s dividend payout ratio is 28.74%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson lifted their price target on Hanmi Financial to $27.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Piper Sandler boosted their price target on shares of Hanmi Financial to $26.00 in a research report on Tuesday, November 1st. Finally, StockNews.com began coverage on shares of Hanmi Financial in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Hanmi Financial Profile

(Get Rating)

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company offers various deposit products, including noninterest-bearing checking accounts, interest-bearing checking and savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.

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Institutional Ownership by Quarter for Hanmi Financial (NASDAQ:HAFC)

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