Hanmi Financial Co. (NASDAQ:HAFC) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC) by 15.0% in the third quarter, Holdings Channel.com reports. The fund owned 38,845 shares of the bank’s stock after buying an additional 5,077 shares during the quarter. Sanctuary Advisors LLC’s holdings in Hanmi Financial were worth $723,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in shares of Hanmi Financial during the third quarter worth $28,000. Capital Performance Advisors LLP purchased a new position in Hanmi Financial in the 3rd quarter worth about $49,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in Hanmi Financial by 47.0% during the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,773 shares of the bank’s stock worth $63,000 after buying an additional 1,207 shares during the period. Marshall Wace LLP purchased a new stake in Hanmi Financial during the second quarter valued at about $168,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Hanmi Financial by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568 shares of the bank’s stock worth $193,000 after buying an additional 911 shares during the period. 88.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HAFC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. DA Davidson increased their target price on Hanmi Financial from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Wedbush reiterated a “neutral” rating and set a $21.00 price target on shares of Hanmi Financial in a report on Wednesday, October 23rd. Piper Sandler raised Hanmi Financial from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $20.00 to $25.50 in a research note on Thursday, October 24th. Finally, Janney Montgomery Scott raised Hanmi Financial from a “neutral” rating to a “buy” rating in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Hanmi Financial presently has an average rating of “Hold” and a consensus target price of $24.38.

Hanmi Financial Trading Down 0.8 %

Hanmi Financial stock opened at $23.45 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.58. Hanmi Financial Co. has a 12 month low of $14.45 and a 12 month high of $27.59. The company’s fifty day simple moving average is $24.40 and its 200-day simple moving average is $20.38. The stock has a market cap of $708.10 million, a P/E ratio of 11.27 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC) last issued its earnings results on Tuesday, October 22nd. The bank reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $108.86 million for the quarter, compared to analyst estimates of $59.23 million. Hanmi Financial had a return on equity of 8.87% and a net margin of 14.80%. During the same period in the prior year, the firm posted $0.62 EPS. As a group, sell-side analysts forecast that Hanmi Financial Co. will post 2 EPS for the current fiscal year.

Hanmi Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Monday, November 4th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Monday, November 4th. Hanmi Financial’s dividend payout ratio (DPR) is presently 48.08%.

About Hanmi Financial

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, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.