Hanmi Financial Corporation (HAFC) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in shares of Hanmi Financial Corporation (NASDAQ:HAFC) by 0.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 358,924 shares of the bank’s stock after selling 2,240 shares during the period. Prudential Financial Inc. owned approximately 1.12% of Hanmi Financial Corporation worth $10,211,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HAFC. BlackRock Inc. raised its position in shares of Hanmi Financial Corporation by 48,878.9% during the first quarter. BlackRock Inc. now owns 3,983,942 shares of the bank’s stock valued at $122,506,000 after buying an additional 3,975,808 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Hanmi Financial Corporation during the first quarter valued at about $5,485,000. Bank of New York Mellon Corp raised its position in shares of Hanmi Financial Corporation by 27.6% during the first quarter. Bank of New York Mellon Corp now owns 608,774 shares of the bank’s stock valued at $18,720,000 after buying an additional 131,614 shares during the last quarter. State Street Corp raised its position in shares of Hanmi Financial Corporation by 11.6% during the first quarter. State Street Corp now owns 1,014,542 shares of the bank’s stock valued at $31,194,000 after buying an additional 105,588 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Hanmi Financial Corporation by 102.7% during the first quarter. First Trust Advisors LP now owns 177,567 shares of the bank’s stock valued at $5,460,000 after buying an additional 89,952 shares during the last quarter. 88.39% of the stock is owned by institutional investors and hedge funds.

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Hanmi Financial Corporation (HAFC) opened at 27.40 on Wednesday. Hanmi Financial Corporation has a 52-week low of $22.78 and a 52-week high of $35.85. The firm has a market cap of $879.18 million, a price-to-earnings ratio of 15.93 and a beta of 0.78. The company has a 50-day moving average of $27.48 and a 200 day moving average of $28.83.

Hanmi Financial Corporation (NASDAQ:HAFC) last announced its earnings results on Tuesday, July 18th. The bank reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $52.88 million during the quarter, compared to the consensus estimate of $50.85 million. Hanmi Financial Corporation had a net margin of 24.79% and a return on equity of 10.41%. During the same quarter in the previous year, the firm posted $0.44 EPS. On average, equities research analysts anticipate that Hanmi Financial Corporation will post $1.82 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 16th. Investors of record on Friday, July 28th were issued a dividend of $0.21 per share. This is an increase from Hanmi Financial Corporation’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Wednesday, July 26th. This represents a $0.84 annualized dividend and a dividend yield of 3.07%. Hanmi Financial Corporation’s payout ratio is presently 48.28%.

HAFC has been the subject of a number of research analyst reports. ValuEngine lowered shares of Hanmi Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of Hanmi Financial Corporation from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub lowered shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 price objective on shares of Hanmi Financial Corporation in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $33.00.

About Hanmi Financial Corporation

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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