Hanmi Financial Corp (NASDAQ:HAFC) Stock Holdings Decreased by WBI Investments Inc.
WBI Investments Inc. reduced its position in Hanmi Financial Corp (NASDAQ:HAFC) by 13.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,389 shares of the bank’s stock after selling 3,614 shares during the period. WBI Investments Inc. owned about 0.08% of Hanmi Financial worth $521,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in shares of Hanmi Financial by 52,675.0% in the first quarter. BNP Paribas Arbitrage SA now owns 6,333 shares of the bank’s stock worth $135,000 after acquiring an additional 6,321 shares in the last quarter. Anderson Fisher LLC purchased a new position in Hanmi Financial during the first quarter valued at approximately $173,000. Metropolitan Life Insurance Co. NY grew its position in Hanmi Financial by 356.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,604 shares of the bank’s stock valued at $209,000 after purchasing an additional 8,281 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Hanmi Financial during the first quarter valued at approximately $255,000. Finally, Squarepoint Ops LLC grew its position in Hanmi Financial by 75.6% during the fourth quarter. Squarepoint Ops LLC now owns 15,224 shares of the bank’s stock valued at $300,000 after purchasing an additional 6,555 shares in the last quarter. 89.60% of the stock is currently owned by institutional investors and hedge funds.
HAFC has been the topic of a number of research analyst reports. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research report on Saturday, June 29th. ValuEngine cut shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 25th. Finally, Zacks Investment Research upgraded shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Hanmi Financial presently has an average rating of “Hold” and a consensus price target of $25.50.
Shares of Hanmi Financial stock traded down $0.21 on Monday, reaching $21.38. The stock had a trading volume of 2,277 shares, compared to its average volume of 124,981. The business has a 50-day moving average price of $21.72. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Hanmi Financial Corp has a fifty-two week low of $17.56 and a fifty-two week high of $26.92. The company has a market capitalization of $667.74 million, a PE ratio of 11.27, a P/E/G ratio of 1.29 and a beta of 1.09.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 9th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date of this dividend is Thursday, August 8th. Hanmi Financial’s payout ratio is 50.53%.
Hanmi Financial 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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