HRT Financial LP Makes New Investment in Hanmi Financial Co. (NASDAQ:HAFC)

Posted by on Jun 2nd, 2023

HRT Financial LP acquired a new stake in shares of Hanmi Financial Co. (NASDAQ:HAFC – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,095 shares of the bank’s stock, valued at approximately $819,000. HRT Financial LP owned approximately 0.11% of Hanmi Financial as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. boosted its position in Hanmi Financial by 0.6% in the third quarter. BlackRock Inc. now owns 4,506,133 shares of the bank’s stock valued at $106,707,000 after buying an additional 26,254 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Hanmi Financial by 5.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,427,043 shares of the bank’s stock valued at $60,070,000 after buying an additional 125,285 shares during the last quarter. Vanguard Group Inc. boosted its position in Hanmi Financial by 2.4% in the third quarter. Vanguard Group Inc. now owns 2,168,706 shares of the bank’s stock valued at $51,356,000 after buying an additional 50,412 shares during the last quarter. State Street Corp boosted its position in Hanmi Financial by 9.2% in the 1st 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Hanmi Financial by 16.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 767,661 shares of the bank’s stock worth $17,226,000 after purchasing an additional 106,466 shares in the last quarter. Institutional investors and hedge funds own 88.75% of the company’s stock.

Insider Buying and Selling

In other Hanmi Financial news, Director Harry Chung acquired 3,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were purchased at an average price of $14.06 per share, for a total transaction of $42,180.00. Following the completion of the purchase, the director now directly owns 26,102 shares in the company, valued at $366,994.12. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.44% of the stock is owned by company insiders.

Hanmi Financial Stock Performance

Shares of Hanmi Financial stock opened at $14.71 on Friday. The firm has a market cap of $449.39 million, a PE ratio of 4.38 and a beta of 0.94. The firm’s 50-day simple moving average is $16.37 and its 200-day simple moving average is $21.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.00 and a current ratio of 1.00. Hanmi Financial Co. has a 1 year low of $13.35 and a 1 year high of $27.35.

Hanmi Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 24th. Investors of record on Monday, May 8th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, May 5th. This represents a $1.00 annualized dividend and a yield of 6.80%. Hanmi Financial’s dividend payout ratio (DPR) is 29.76%.

Wall Street Analyst Weigh In

HAFC has been the subject of a number of research analyst reports. StockNews.com assumed coverage on Hanmi Financial in a report on Thursday, May 18th. They set a “hold” rating for the company. Keefe, Bruyette & Woods lowered their price target on Hanmi Financial from $28.00 to $23.00 and set a “market perform” rating on the stock in a report on Thursday, April 6th. Finally, Piper Sandler lowered their price objective on Hanmi Financial from $20.00 to $17.00 in a report on Monday, May 1st.

About Hanmi Financial

(Get Rating)

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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Institutional Ownership by Quarter for Hanmi Financial (NASDAQ:HAFC)

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