Hanmi Financial Corporation (HAFC) To Go Ex-Dividend on November 4th

Hanmi Financial Corporation (NASDAQ:HAFC) announced a quarterly dividend on Friday, October 24th. Shareholders of record on Tuesday, November 4th will be paid a dividend of 0.27 per share by the bank on Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, November 4th.

Hanmi Financial has a dividend payout ratio of 38.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hanmi Financial to earn $2.84 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 38.0%.

Hanmi Financial Price Performance

Shares of NASDAQ HAFC opened at $27.05 on Friday. Hanmi Financial has a twelve month low of $19.25 and a twelve month high of $27.59. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average of $24.80 and a two-hundred day moving average of $23.96. The stock has a market cap of $815.02 million, a P/E ratio of 11.32 and a beta of 0.71.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings results on Tuesday, October 21st. The bank reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. Hanmi Financial had a return on equity of 9.59% and a net margin of 16.53%.The business had revenue of $70.96 million during the quarter, compared to analysts’ expectations of $67.80 million. On average, research analysts forecast that Hanmi Financial will post 2.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC grew its holdings in Hanmi Financial by 91.4% in the first quarter. GAMMA Investing LLC now owns 1,426 shares of the bank’s stock valued at $32,000 after purchasing an additional 681 shares during the last quarter. Quarry LP grew its holdings in Hanmi Financial by 114.3% in the first quarter. Quarry LP now owns 1,830 shares of the bank’s stock valued at $41,000 after purchasing an additional 976 shares during the last quarter. US Bancorp DE acquired a new stake in Hanmi Financial in the first quarter valued at $42,000. EverSource Wealth Advisors LLC grew its holdings in Hanmi Financial by 343.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,278 shares of the bank’s stock valued at $56,000 after purchasing an additional 1,764 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Hanmi Financial by 148.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,414 shares of the bank’s stock valued at $60,000 after purchasing an additional 1,442 shares during the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

About Hanmi Financial

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.