Hanmi Financial Corporation (NASDAQ:HAFC) is expected to pay $0.19 on Nov 23, 2016. The indicated annual dividend is $0.76. Shareholders owning the stock before Nov 4, 2016 will be eligible to receive the payout. Based on Hanmi Financial Corporation’s current price of $24.45, the dividend is 0.78%. This dividend’s record date is Nov 8, 2016 and the announcement date is Oct 27, 2016. The stock increased 0.41% or $0.1 on November 2, hitting $24.45. Hanmi Financial Corp (NASDAQ:HAFC) has risen 11.19% since April 1, 2016 and is uptrending. It has outperformed by 9.97% the S&P500.
Hanmi Financial Corporation is the holding firm for Hanmi Bank . The company has a market cap of $771.23 million. The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington. It has a 13.75 P/E ratio. The Bank’s client base reflects the multi-ethnic composition of these communities.
Insitutional Activity: The institutional sentiment decreased to 1.28 in 2016 Q2. Its down 0.12, from 1.4 in 2016Q1. The ratio worsened, as 14 funds sold all Hanmi Financial Corp shares owned while 40 reduced positions. 13 funds bought stakes while 56 increased positions. They now own 27.65 million shares or 3.94% more from 26.61 million shares in 2016Q1.
Deutsche National Bank Ag accumulated 43,846 shares or 0% of the stock. Teachers Advisors accumulated 55,155 shares or 0% of the stock. Tci Wealth owns 27 shares or 0% of their US portfolio. Renaissance Limited Liability Com owns 1.38M shares or 0.06% of their US portfolio. State Board Of Administration Of Florida Retirement last reported 58,146 shares in the company. Morgan Stanley last reported 0% of its portfolio in the stock. Sei Invests holds 0% of its portfolio in Hanmi Financial Corp (NASDAQ:HAFC) for 22,028 shares. Legal General Public Ltd Company has 0% invested in the company for 4,559 shares. Aqr Cap Management Ltd Com holds 0.01% or 169,251 shares in its portfolio. State Of Tennessee Treasury Department last reported 25,501 shares in the company. Millennium Mgmt Ltd Liability Com has 111,821 shares for 0.01% of their US portfolio. Systematic Mgmt L P has 507,215 shares for 0.16% of their US portfolio. Bogle Investment Mngmt Ltd Partnership De holds 0.1% or 61,894 shares in its portfolio. Virginia Retirement Systems Et Al accumulated 15,600 shares or 0.01% of the stock. The New York-based New York State Common Retirement Fund has invested 0.01% in Hanmi Financial Corp (NASDAQ:HAFC).
Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 1 insider sale for $61,093 net activity. LEE JOON HYUNG also sold $61,093 worth of Hanmi Financial Corp (NASDAQ:HAFC) on Wednesday, August 24.
Hanmi Financial Corp (NASDAQ:HAFC) Ratings Coverage
Out of 7 analysts covering Hanmi Financial (NASDAQ:HAFC), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. $30 is the highest target while $26 is the lowest. The $27.75 average target is 13.50% above today’s ($24.45) stock price. Hanmi Financial has been the topic of 11 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Raymond James upgraded Hanmi Financial Corp (NASDAQ:HAFC) on Thursday, January 28 to “Strong Buy” rating. As per Tuesday, August 25, the company rating was upgraded by Raymond James. The firm has “Neutral” rating by Piper Jaffray given on Friday, November 20. The firm has “Market Perform” rating by FIG Partners given on Wednesday, October 19. On Thursday, June 2 the stock rating was downgraded by Wood to “Market Perform”. FIG Partners downgraded the stock to “Market Perform” rating in Wednesday, October 28 report. FBR Capital maintained Hanmi Financial Corp (NASDAQ:HAFC) rating on Wednesday, October 19. FBR Capital has “Outperform” rating and $27 price target. The company was downgraded on Tuesday, November 3 by Raymond James.
More important recent Hanmi Financial Corp (NASDAQ:HAFC) news were published by: Reuters.com which released: “BRIEF-Hanmi Financial Corp announces Q3 2016 earnings date” on September 27, 2016, also Labusinessjournal.com published article titled: “Hanmi Financial Corp. Acquires United Central Bank”, Globenewswire.com published: “Hanmi Financial Corp. Announces Appointment of Harry Chung and Michael Yang to …” on February 03, 2016. More interesting news about Hanmi Financial Corp (NASDAQ:HAFC) was released by: Globenewswire.com and their article: “Hanmi Financial Corp. Announces Appointment of Thomas Williams to its Board of …” with publication date: June 07, 2016.
HAFC Company Profile
Hanmi Financial Corporation, incorporated on March 14, 2000, is the holding firm for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New Jersey, New York, Texas, Virginia and Washington. The Bank’s client base reflects the multi-ethnic composition of these communities. The Bank maintains a branch network of over 40 full-service branch offices in California, Illinois, New Jersey, New York, Texas and Virginia, and loan production offices in California, Colorado, Texas, Virginia and Washington State. The Bank’s revenues are derived from interest and fees on its loans, interest and dividends on its securities portfolio and service charges on deposit accounts, as well as bargain purchase gain.
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