Hanmi Financial Co. (NASDAQ:HAFC) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. raised its position in shares of Hanmi Financial Co. (NASDAQ:HAFCFree Report) by 10.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 358,918 shares of the bank’s stock after acquiring an additional 35,104 shares during the quarter. American Century Companies Inc. owned approximately 1.18% of Hanmi Financial worth $5,825,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in shares of Hanmi Financial by 107.1% during the third quarter. Assenagon Asset Management S.A. now owns 291,658 shares of the bank’s stock valued at $4,734,000 after acquiring an additional 150,861 shares during the last quarter. Graham Capital Management L.P. acquired a new stake in shares of Hanmi Financial in the second quarter valued at approximately $155,000. GSA Capital Partners LLP increased its holdings in shares of Hanmi Financial by 148.3% in the third quarter. GSA Capital Partners LLP now owns 53,050 shares of the bank’s stock valued at $861,000 after purchasing an additional 31,682 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Hanmi Financial by 1.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 208,574 shares of the bank’s stock valued at $3,385,000 after purchasing an additional 3,494 shares during the last quarter. Finally, EMC Capital Management increased its holdings in shares of Hanmi Financial by 69.2% in the third quarter. EMC Capital Management now owns 10,810 shares of the bank’s stock valued at $175,000 after purchasing an additional 4,422 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on HAFC shares. Keefe, Bruyette & Woods cut their price target on Hanmi Financial from $20.00 to $18.50 and set a “market perform” rating for the company in a report on Wednesday, January 24th. Wedbush cut their price target on Hanmi Financial from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th.

Get Our Latest Stock Analysis on Hanmi Financial

Hanmi Financial Trading Down 0.7 %

Shares of Hanmi Financial stock opened at $15.25 on Wednesday. The firm has a market capitalization of $461.62 million, a price-to-earnings ratio of 5.82 and a beta of 0.94. Hanmi Financial Co. has a fifty-two week low of $13.35 and a fifty-two week high of $20.31. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.00 and a current ratio of 1.01. The stock has a 50 day moving average of $15.80 and a 200 day moving average of $16.61.

Hanmi Financial (NASDAQ:HAFCGet Free Report) last issued its quarterly earnings data on Tuesday, January 23rd. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $59.82 million during the quarter, compared to analyst estimates of $63.43 million. Hanmi Financial had a return on equity of 11.88% and a net margin of 19.84%. As a group, research analysts predict that Hanmi Financial Co. will post 2.16 earnings per share for the current year.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 22nd. Investors of record on Monday, February 5th were given a $0.25 dividend. The ex-dividend date was Friday, February 2nd. This represents a $1.00 annualized dividend and a yield of 6.56%. Hanmi Financial’s payout ratio is 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, 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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