Segall Bryant & Hamill LLC Makes New $1.61 Million Investment in Hanmi Financial Corporation $HAFC

Segall Bryant & Hamill LLC acquired a new position in Hanmi Financial Corporation (NASDAQ:HAFC) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 61,280 shares of the bank’s stock, valued at approximately $1,615,000.

A number of other large investors have also recently made changes to their positions in the stock. Illinois Municipal Retirement Fund grew its stake in shares of Hanmi Financial by 2.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 15,900 shares of the bank’s stock valued at $419,000 after acquiring an additional 342 shares during the period. Royal Bank of Canada raised its stake in Hanmi Financial by 30.5% during the 4th quarter. Royal Bank of Canada now owns 1,880 shares of the bank’s stock worth $51,000 after acquiring an additional 439 shares during the period. Cerity Partners LLC lifted its holdings in Hanmi Financial by 1.7% during the second quarter. Cerity Partners LLC now owns 36,771 shares of the bank’s stock valued at $908,000 after purchasing an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hanmi Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,892 shares of the bank’s stock valued at $405,000 after purchasing an additional 780 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Hanmi Financial by 10.3% during the fourth quarter. Captrust Financial Advisors now owns 9,300 shares of the bank’s stock valued at $251,000 after purchasing an additional 865 shares in the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HAFC shares. Brean Capital reissued a “neutral” rating and issued a $32.00 price objective on shares of Hanmi Financial in a research note on Thursday, May 28th. Weiss Ratings restated a “buy (b)” rating on shares of Hanmi Financial in a research note on Wednesday, June 24th. Capital One Financial set a $32.00 target price on shares of Hanmi Financial in a report on Thursday, May 28th. Keefe, Bruyette & Woods increased their price target on Hanmi Financial from $31.50 to $32.00 and gave the stock a “market perform” rating in a research note on Thursday, April 9th. Finally, Piper Sandler raised their price target on Hanmi Financial from $32.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Hanmi Financial presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Insider Buying and Selling at Hanmi Financial

In related news, insider Anthony I. Kim sold 5,333 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $30.73, for a total transaction of $163,883.09. Following the completion of the transaction, the insider owned 41,615 shares in the company, valued at approximately $1,278,828.95. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.12% of the company’s stock.

Hanmi Financial Stock Up 1.1%

NASDAQ HAFC opened at $32.37 on Wednesday. The stock’s 50 day moving average is $31.62 and its 200 day moving average is $29.09. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.16. Hanmi Financial Corporation has a 12 month low of $22.12 and a 12 month high of $33.50. The stock has a market cap of $963.65 million, a PE ratio of 10.90 and a beta of 0.73.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, July 21st. The bank reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.02. Hanmi Financial had a return on equity of 11.20% and a net margin of 19.82%.The business had revenue of $72.21 million during the quarter, compared to the consensus estimate of $74.03 million. Research analysts predict that Hanmi Financial Corporation will post 3.18 EPS for the current fiscal year.

Hanmi Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 19th. Stockholders of record on Monday, August 3rd will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 3rd. Hanmi Financial’s payout ratio is 37.71%.

Hanmi Financial Profile

Hanmi Financial Corporation is a bank holding company based in California, primarily operating through its wholly owned subsidiary, Hanmi Bank. Established in 1982 to serve the Korean?American community in Los Angeles, the company has expanded its footprint to include branch locations throughout California as well as markets in Illinois, Texas and Washington State. Hanmi Bank offers a comprehensive suite of commercial and consumer banking products designed to meet the needs of small and medium?sized businesses, professionals and individual clients.

On the commercial banking side, Hanmi Bank provides business checking and savings accounts, lines of credit, commercial real estate lending and SBA?guaranteed loans.