Alps Advisors Inc. boosted its holdings in Hanmi Financial Corporation (NASDAQ:HAFC) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,170 shares of the bank’s stock after purchasing an additional 2,089 shares during the quarter. Alps Advisors Inc. owned about 0.05% of Hanmi Financial Corporation worth $531,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HAFC. UBS Asset Management Americas Inc. bought a new stake in Hanmi Financial Corporation in the first quarter worth approximately $429,000. Parametric Portfolio Associates LLC increased its holdings in shares of Hanmi Financial Corporation by 67.7% during the first quarter. Parametric Portfolio Associates LLC now owns 34,350 shares of the bank’s stock valued at $1,056,000 after acquiring an additional 13,861 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Hanmi Financial Corporation by 2.6% during the first quarter. Teachers Advisors LLC now owns 58,199 shares of the bank’s stock valued at $1,790,000 after acquiring an additional 1,492 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Hanmi Financial Corporation by 1.1% during the first quarter. Legal & General Group Plc now owns 53,382 shares of the bank’s stock valued at $1,642,000 after acquiring an additional 601 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Hanmi Financial Corporation by 5.3% during the first quarter. Vanguard Group Inc. now owns 1,661,914 shares of the bank’s stock valued at $51,104,000 after acquiring an additional 83,123 shares in the last quarter. Institutional investors and hedge funds own 87.70% of the company’s stock.

Shares of Hanmi Financial Corporation (NASDAQ:HAFC) opened at $29.80 on Friday. Hanmi Financial Corporation has a 1-year low of $25.45 and a 1-year high of $35.85. The stock has a market capitalization of $960.93, a price-to-earnings ratio of 16.47, a P/E/G ratio of 2.05 and a beta of 0.79. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.41.

Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. Hanmi Financial Corporation had a return on equity of 10.60% and a net margin of 24.54%. The business had revenue of $53.74 million during the quarter, compared to the consensus estimate of $53.30 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. analysts forecast that Hanmi Financial Corporation will post 1.81 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 30th will be given a $0.21 dividend. The ex-dividend date is Friday, October 27th. This represents a $0.84 annualized dividend and a yield of 2.82%. Hanmi Financial Corporation’s dividend payout ratio is currently 46.93%.

HAFC has been the subject of several recent research reports. Zacks Investment Research upgraded Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Piper Jaffray Companies restated a “hold” rating and set a $31.00 price objective on shares of Hanmi Financial Corporation in a report on Friday, October 6th. ValuEngine downgraded Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods set a $28.00 price objective on Hanmi Financial Corporation and gave the company a “hold” rating in a report on Saturday, October 7th. Finally, BidaskClub downgraded Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $31.00.

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Hanmi Financial Corporation 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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Institutional Ownership by Quarter for Hanmi Financial Corporation (NASDAQ:HAFC)

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