Greg D. Kim Sells 3,000 Shares of Hanmi Financial Corp. (HAFC) Stock
Hanmi Financial Corp. (NASDAQ:HAFC) insider Greg D. Kim sold 3,000 shares of Hanmi Financial Corp. stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $31.40, for a total transaction of $94,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Hanmi Financial Corp. (NASDAQ:HAFC) opened at 31.65 on Thursday. The stock has a 50 day moving average price of $26.54 and a 200-day moving average price of $25.00. The company has a market capitalization of $1.01 billion, a PE ratio of 17.88 and a beta of 0.96. Hanmi Financial Corp. has a 52 week low of $18.92 and a 52 week high of $31.95.
Hanmi Financial Corp. (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, October 18th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.03. Hanmi Financial Corp. had a net margin of 27.10% and a return on equity of 11.07%. During the same period last year, the business earned $0.44 earnings per share. Equities research analysts expect that Hanmi Financial Corp. will post $1.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, November 4th. Hanmi Financial Corp.’s payout ratio is 42.94%.
A number of equities analysts have recently commented on HAFC shares. Raymond James Financial Inc. raised shares of Hanmi Financial Corp. from an “outperform” rating to a “strong-buy” rating and set a $28.00 price target on the stock in a research report on Thursday, August 25th. Zacks Investment Research raised shares of Hanmi Financial Corp. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. FBR & Co lowered their price target on shares of Hanmi Financial Corp. from $29.00 to $27.00 and set an “outperform” rating on the stock in a report on Wednesday, October 19th. Finally, FIG Partners lowered shares of Hanmi Financial Corp. from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 19th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $27.17.
Several hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas raised its position in Hanmi Financial Corp. by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 4,475 shares of the company’s stock worth $105,000 after buying an additional 551 shares in the last quarter. Societe Generale acquired a new stake in shares of Hanmi Financial Corp. during the second quarter worth $106,000. SG Americas Securities LLC acquired a new stake in shares of Hanmi Financial Corp. during the second quarter worth $106,000. Mason Street Advisors LLC acquired a new stake in shares of Hanmi Financial Corp. during the second quarter worth $148,000. Finally, ClariVest Asset Management LLC acquired a new stake in shares of Hanmi Financial Corp. during the third quarter worth $190,000. 90.13% of the stock is currently owned by hedge funds and other institutional investors.
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Hanmi Financial Corp. Company Profile
Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington.
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