Shell Asset Management Co. Has $330,000 Stock Holdings in Hanmi Financial Co. (NASDAQ:HAFC)

Shell Asset Management Co. raised its stake in Hanmi Financial Co. (NASDAQ:HAFCFree Report) by 161.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,360 shares of the bank’s stock after purchasing an additional 12,585 shares during the period. Shell Asset Management Co. owned approximately 0.07% of Hanmi Financial worth $330,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Hanmi Financial by 112.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 848,953 shares of the bank’s stock valued at $15,765,000 after buying an additional 450,211 shares in the last quarter. Millennium Management LLC raised its stake in shares of Hanmi Financial by 250.1% in the 4th quarter. Millennium Management LLC now owns 400,743 shares of the bank’s stock valued at $9,918,000 after buying an additional 286,267 shares in the last quarter. BlackRock Inc. raised its stake in shares of Hanmi Financial by 3.6% in the 1st quarter. BlackRock Inc. now owns 4,506,824 shares of the bank’s stock valued at $83,692,000 after buying an additional 155,777 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Hanmi Financial by 107.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock valued at $4,734,000 after buying an additional 150,861 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Hanmi Financial by 87.8% in the 1st quarter. Royce & Associates LP now owns 286,343 shares of the bank’s stock valued at $5,317,000 after buying an additional 133,880 shares in the last quarter. 88.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HAFC has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating for the company in a research note on Wednesday, January 24th. Wedbush dropped their price objective on shares of Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, January 24th.

Check Out Our Latest Stock Report on Hanmi Financial

Hanmi Financial Trading Up 4.1 %

Shares of HAFC stock opened at $15.47 on Monday. Hanmi Financial Co. has a 12-month low of $13.35 and a 12-month high of $24.29. The company has a market capitalization of $470.13 million, a P/E ratio of 5.90 and a beta of 0.98. The firm has a 50-day moving average price of $18.19 and a 200 day moving average price of $17.26. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.65.

Hanmi Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, February 5th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 6.46%. The ex-dividend date of this dividend is Friday, February 2nd. Hanmi Financial’s dividend payout ratio is currently 38.17%.

Hanmi Financial Profile

(Free Report)

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, 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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