Hanmi Financial Corporation $HAFC Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 12.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,727 shares of the bank’s stock after selling 17,588 shares during the period. Royce & Associates LP owned 0.41% of Hanmi Financial worth $3,317,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Unison Advisors LLC boosted its stake in shares of Hanmi Financial by 1.1% during the fourth quarter. Unison Advisors LLC now owns 32,259 shares of the bank’s stock valued at $872,000 after acquiring an additional 356 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Hanmi Financial by 17.3% during the third quarter. EverSource Wealth Advisors LLC now owns 2,672 shares of the bank’s stock worth $66,000 after buying an additional 394 shares during the period. Cerity Partners LLC lifted its position in Hanmi Financial by 1.7% during the second quarter. Cerity Partners LLC now owns 36,771 shares of the bank’s stock worth $908,000 after buying an additional 632 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Hanmi Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank’s stock worth $405,000 after buying an additional 780 shares during the period. Finally, Savant Capital LLC lifted its position in Hanmi Financial by 3.3% during the third quarter. Savant Capital LLC now owns 24,481 shares of the bank’s stock worth $604,000 after buying an additional 781 shares during the period. Institutional investors and hedge funds own 88.66% of the company’s stock.

Wall Street Analyst Weigh In

HAFC has been the topic of several recent analyst reports. Brean Capital reiterated a “neutral” rating and set a $32.00 target price on shares of Hanmi Financial in a research report on Thursday. Piper Sandler increased their target price on Hanmi Financial from $32.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, April 27th. Keefe, Bruyette & Woods increased their target price on Hanmi Financial from $31.50 to $32.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Finally, Capital One Financial set a $32.00 target price on Hanmi Financial in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $32.10.

Hanmi Financial Stock Performance

Hanmi Financial stock opened at $30.12 on Friday. The stock’s 50-day moving average is $28.52 and its 200-day moving average is $27.78. The company has a market cap of $896.67 million, a price-to-earnings ratio of 11.24 and a beta of 0.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.98 and a quick ratio of 0.98. Hanmi Financial Corporation has a 12 month low of $22.00 and a 12 month high of $31.33.

Hanmi Financial (NASDAQ:HAFC) last released its quarterly earnings data on Tuesday, April 21st. The bank reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The company had revenue of $134.95 million for the quarter, compared to the consensus estimate of $71.40 million. Hanmi Financial had a return on equity of 10.31% and a net margin of 18.05%. Equities analysts anticipate that Hanmi Financial Corporation will post 3.16 earnings per share for the current year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 20th. Stockholders of record on Monday, May 4th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 4th. Hanmi Financial’s dividend payout ratio (DPR) is 41.79%.

Insider Activity at Hanmi Financial

In other news, insider Matthew Fuhr sold 3,300 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $30.83, for a total value of $101,739.00. Following the transaction, the insider directly owned 34,002 shares in the company, valued at $1,048,281.66. This trade represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.12% of the stock is currently owned by company insiders.

About Hanmi Financial

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean‐American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium‐sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA‐guaranteed loans.