Hanmi Financial Co. (NASDAQ:HAFC) Short Interest Update

Hanmi Financial Co. (NASDAQ:HAFC) was the recipient of a large decline in short interest during the month of June. As of June 30th, there was short interest totalling 837,000 shares, a decline of 5.8% from the June 15th total of 888,500 shares. Based on an average trading volume of 183,200 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.8% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $18.00 price objective (down from $18.50) on shares of Hanmi Financial in a report on Wednesday, April 24th. Wedbush reiterated a “neutral” rating and set a $17.00 price target on shares of Hanmi Financial in a report on Wednesday, April 24th.

Hanmi Financial Trading Up 1.4 %

NASDAQ HAFC traded up $0.27 during trading on Wednesday, hitting $19.50. The company had a trading volume of 37,317 shares, compared to its average volume of 243,419. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.43. Hanmi Financial has a one year low of $13.87 and a one year high of $20.31. The company has a market cap of $592.61 million, a price-to-earnings ratio of 8.01 and a beta of 0.90. The company’s fifty day moving average is $16.02 and its 200-day moving average is $16.04.

Hanmi Financial (NASDAQ:HAFC) last released its earnings results on Tuesday, April 23rd. The bank reported $0.50 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.02). The business had revenue of $58.39 million during the quarter, compared to analysts’ expectations of $58.83 million. Hanmi Financial had a return on equity of 10.70% and a net margin of 17.63%. On average, sell-side analysts predict that Hanmi Financial will post 2.02 earnings per share for the current year.

Hanmi Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Monday, May 6th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Friday, May 3rd. Hanmi Financial’s dividend payout ratio (DPR) is 41.67%.

Institutional Trading of Hanmi Financial

Several institutional investors have recently bought and sold shares of HAFC. Assenagon Asset Management S.A. grew its position in Hanmi Financial by 151.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 443,539 shares of the bank’s stock valued at $7,061,000 after purchasing an additional 266,949 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Hanmi Financial by 2,264.9% during the 4th quarter. Hsbc Holdings PLC now owns 238,448 shares of the bank’s stock valued at $4,671,000 after acquiring an additional 228,365 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Hanmi Financial by 147.5% during the 1st quarter. Acadian Asset Management LLC now owns 280,909 shares of the bank’s stock valued at $4,471,000 after acquiring an additional 167,430 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Hanmi Financial by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 2,255,191 shares of the bank’s stock valued at $35,903,000 after acquiring an additional 58,097 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Hanmi Financial by 113.5% during the 1st quarter. BNP Paribas Financial Markets now owns 82,130 shares of the bank’s stock valued at $1,308,000 after acquiring an additional 43,662 shares during the last quarter. 88.66% of the stock is owned by hedge funds and other institutional investors.

Hanmi Financial Company Profile

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.