Hanmi Financial Co. (NASDAQ:HAFC) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in Hanmi Financial Co. (NASDAQ:HAFCGet Rating) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,739 shares of the bank’s stock after selling 1,908 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Hanmi Financial were worth $562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HAFC. State Street Corp lifted its holdings in Hanmi Financial by 9.2% in the 1st quarter. State Street Corp now owns 1,472,208 shares of the bank’s stock worth $36,231,000 after buying an additional 123,695 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Hanmi Financial by 16.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 767,661 shares of the bank’s stock worth $17,226,000 after buying an additional 106,466 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Hanmi Financial in the 2nd quarter worth $2,344,000. Invesco Ltd. lifted its holdings in Hanmi Financial by 36.1% in the 1st quarter. Invesco Ltd. now owns 363,259 shares of the bank’s stock worth $8,940,000 after buying an additional 96,429 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Hanmi Financial by 18.7% in the 2nd quarter. Thrivent Financial for Lutherans now owns 604,112 shares of the bank’s stock worth $13,556,000 after purchasing an additional 94,964 shares during the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Hanmi Financial Price Performance

Shares of NASDAQ:HAFC opened at $24.61 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.38. Hanmi Financial Co. has a fifty-two week low of $21.35 and a fifty-two week high of $28.84. The firm has a 50-day simple moving average of $25.20 and a 200 day simple moving average of $25.02. The company has a market cap of $750.26 million, a PE ratio of 7.07 and a beta of 1.02.

Hanmi Financial (NASDAQ:HAFCGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The bank reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.11. Hanmi Financial had a net margin of 37.65% and a return on equity of 17.05%. The business had revenue of $72.00 million during the quarter, compared to the consensus estimate of $68.62 million. On average, sell-side analysts anticipate that Hanmi Financial Co. will post 3.24 EPS for the current year.

Hanmi Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Monday, November 7th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, November 4th. Hanmi Financial’s dividend payout ratio is presently 28.74%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HAFC shares. Piper Sandler boosted their target price on shares of Hanmi Financial to $26.00 in a research report on Tuesday, November 1st. StockNews.com started coverage on shares of Hanmi Financial in a research 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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