Prudential Financial Inc. decreased its position in Hanmi Financial Corp (NASDAQ:HAFC) by 15.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 244,863 shares of the bank’s stock after selling 46,200 shares during the quarter. Prudential Financial Inc. owned about 0.79% of Hanmi Financial worth $5,453,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its position in Hanmi Financial by 52,675.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,333 shares of the bank’s stock worth $135,000 after purchasing an additional 6,321 shares during the period. Anderson Fisher LLC bought a new stake in Hanmi Financial during the first quarter worth approximately $173,000. Stone Ridge Asset Management LLC bought a new stake in Hanmi Financial during the second quarter worth approximately $205,000. Acadian Asset Management LLC bought a new stake in Hanmi Financial during the first quarter worth approximately $255,000. Finally, Janney Capital Management LLC boosted its position in Hanmi Financial by 13.9% during the second quarter. Janney Capital Management LLC now owns 15,081 shares of the bank’s stock worth $336,000 after purchasing an additional 1,844 shares during the period. 89.24% of the stock is owned by institutional investors and hedge funds.

HAFC has been the subject of a number of recent analyst reports. DA Davidson cut Hanmi Financial from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $27.00 to $21.50 in a research report on Monday, August 12th. ValuEngine raised Hanmi Financial from a “strong sell” rating to a “sell” rating in a research report on Tuesday, August 27th. BidaskClub raised Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday. TheStreet cut Hanmi Financial from a “b-” rating to a “c+” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.17.

Shares of HAFC stock traded up $0.16 during trading hours on Friday, reaching $19.18. 1,636 shares of the company’s stock were exchanged, compared to its average volume of 135,695. Hanmi Financial Corp has a fifty-two week low of $17.01 and a fifty-two week high of $26.45. The stock has a market capitalization of $574.95 million, a P/E ratio of 10.09 and a beta of 1.17. The business has a fifty day moving average price of $18.97 and a 200-day moving average price of $21.27. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.21.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 9th were issued a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.01%. Hanmi Financial’s dividend payout ratio (DPR) is presently 50.53%.

Hanmi Financial Company Profile

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. The company 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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