Russell Investments Group Ltd. Purchases 23,282 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Russell Investments Group Ltd. lifted its position in shares of Hanmi Financial Co. (NASDAQ:HAFC – Get Rating) by 144.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,389 shares of the bank’s stock after purchasing an additional 23,282 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Hanmi Financial worth $975,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Hanmi Financial by 0.6% during the third quarter. BlackRock Inc. now owns 4,506,133 shares of the bank’s stock worth $106,707,000 after purchasing an additional 26,254 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hanmi Financial by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 2,301,758 shares of the bank’s stock worth $54,507,000 after acquiring an additional 67,841 shares during the period. Vanguard Group Inc. raised its holdings in shares of Hanmi Financial by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,168,706 shares of the bank’s stock worth $51,356,000 after acquiring an additional 50,412 shares during the period. State Street Corp raised its holdings in shares of Hanmi Financial by 9.2% during the first quarter. State Street Corp now owns 1,472,208 shares of the bank’s stock worth $36,231,000 after acquiring an additional 123,695 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Hanmi Financial by 16.1% during the second quarter. Goldman Sachs Group Inc. now owns 767,661 shares of the bank’s stock worth $17,226,000 after acquiring an additional 106,466 shares during the period. 88.75% of the stock is owned by institutional investors.

Insider Buying and Selling at Hanmi Financial

In other news, Director Harry Chung acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was bought at an average price of $14.06 per share, with a total value of $42,180.00. Following the transaction, the director now directly owns 26,102 shares in the company, valued at approximately $366,994.12. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HAFC shares. StockNews.com started coverage on shares of Hanmi Financial in a report on Thursday, May 18th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Hanmi Financial from $28.00 to $23.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th. Finally, Piper Sandler dropped their price objective on shares of Hanmi Financial from $20.00 to $17.00 in a report on Monday, May 1st.

Hanmi Financial Stock Down 1.9 %

Shares of HAFC stock opened at $14.72 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.72. Hanmi Financial Co. has a 1 year low of $13.35 and a 1 year high of $27.35. The firm’s fifty day moving average price is $16.93 and its two-hundred day moving average price is $21.83. The firm has a market capitalization of $449.70 million, a P/E ratio of 4.38 and a beta of 0.94.

Hanmi Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 24th. Shareholders of record on Monday, May 8th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, May 5th. This represents a $1.00 annualized dividend and a yield of 6.79%. Hanmi Financial’s payout ratio is currently 29.76%.

Hanmi Financial Company Profile

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Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. It offers checking, money market and savings, treasury management, and loans. The company was founded in 1982 and is headquartered in Los Angeles, CA.