Bank of Nova Scotia bought a new position in shares of Hanmi Financial Co. (NASDAQ:HAFC – Get Rating) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,217 shares of the bank’s stock, valued at approximately $228,000.
A number of other large investors also recently made changes to their positions in HAFC. Assenagon Asset Management S.A. bought a new position in shares of Hanmi Financial during the fourth quarter worth approximately $4,872,000. Dimensional Fund Advisors LP increased its stake in shares of Hanmi Financial by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,427,043 shares of the bank’s stock worth $60,070,000 after purchasing an additional 125,285 shares during the period. State Street Corp increased its stake in shares of Hanmi Financial by 9.2% during the first quarter. State Street Corp now owns 1,472,208 shares of the bank’s stock worth $36,231,000 after purchasing an additional 123,695 shares during the period. Goldman Sachs Group Inc. increased its stake in Hanmi Financial by 16.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 767,661 shares of the bank’s stock worth $17,226,000 after acquiring an additional 106,466 shares during the period. Finally, Invesco Ltd. increased its stake in Hanmi Financial by 36.1% during the 1st quarter. Invesco Ltd. now owns 363,259 shares of the bank’s stock worth $8,940,000 after acquiring an additional 96,429 shares during the period. Institutional investors own 88.75% of the company’s stock.
Hanmi Financial Trading Down 1.9 %
Shares of HAFC opened at $14.72 on Friday. Hanmi Financial Co. has a 52-week low of $13.35 and a 52-week high of $27.35. The business’s fifty day moving average is $16.93 and its 200-day moving average is $21.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.00 and a current ratio of 1.00. The firm has a market cap of $449.70 million, a price-to-earnings ratio of 4.38 and a beta of 0.94.
Hanmi Financial Announces Dividend
Insider Activity
In other news, Director Harry Chung acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 4th. The shares were bought at an average price of $14.06 per share, with a total value of $42,180.00. Following the acquisition, the director now directly owns 26,102 shares in the company, valued at approximately $366,994.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the company. Keefe, Bruyette & Woods lowered their price objective on Hanmi Financial from $28.00 to $23.00 and set a “market perform” rating on the stock in a research note on Thursday, April 6th. StockNews.com assumed coverage on Hanmi Financial in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Piper Sandler lowered their price objective on Hanmi Financial from $20.00 to $17.00 in a research note on Monday, May 1st.
Hanmi Financial Company Profile
Hanmi Financial Corp. is a holding company, which engages in the provision of commercial banking and financial services. It offers checking, money market and savings, treasury management, and loans. The company was founded in 1982 and is headquartered in Los Angeles, CA.
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