Guggenheim Capital LLC Decreases Stake in Hanmi Financial Co. (NASDAQ:HAFC)

Posted by Defense World Staff on Sep 5th, 2023

Guggenheim Capital LLC cut its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC – Free Report) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,201 shares of the bank’s stock after selling 3,141 shares during the period. Guggenheim Capital LLC owned 0.15% of Hanmi Financial worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HRT Financial LP purchased a new stake in Hanmi Financial during the fourth quarter valued at approximately $819,000. Arizona State Retirement System bought a new position in shares of Hanmi Financial during the fourth quarter valued at approximately $213,000. Watershed Asset Management L.L.C. grew its stake in shares of Hanmi Financial by 29.2% during the first quarter. Watershed Asset Management L.L.C. now owns 13,101 shares of the bank’s stock valued at $243,000 after buying an additional 2,957 shares during the last quarter. Carolina Wealth Advisors LLC grew its stake in shares of Hanmi Financial by 17.5% during the first quarter. Carolina Wealth Advisors LLC now owns 22,387 shares of the bank’s stock valued at $416,000 after buying an additional 3,333 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in shares of Hanmi Financial by 33.4% during the first quarter. Texas Permanent School Fund Corp now owns 27,340 shares of the bank’s stock valued at $508,000 after buying an additional 6,845 shares during the last quarter. 88.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Hanmi Financial in a research note on Thursday, August 17th. They set a “hold” rating on the stock.

Get Our Latest Stock Analysis on HAFC

Hanmi Financial Trading Up 3.6 %

HAFC opened at $17.95 on Tuesday. The stock has a market cap of $547.12 million, a price-to-earnings ratio of 5.59 and a beta of 0.99. The stock’s 50 day moving average price is $17.34 and its 200-day moving average price is $17.66. Hanmi Financial Co. has a one year low of $13.35 and a one year high of $27.35. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.97 and a current ratio of 0.98.

Hanmi Financial (NASDAQ:HAFC – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. Hanmi Financial had a return on equity of 15.25% and a net margin of 26.96%. The company had revenue of $63.36 million for the quarter, compared to analysts’ expectations of $64.70 million. On average, equities analysts forecast that Hanmi Financial Co. will post 2.61 EPS for the current year.

Hanmi Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Monday, August 7th were paid a $0.25 dividend. The ex-dividend date was Friday, August 4th. This represents a $1.00 annualized dividend and a yield of 5.57%. Hanmi Financial’s dividend payout ratio (DPR) is currently 31.15%.

Hanmi Financial Company Profile

(Free Report)

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It 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.