Hanmi Financial Corporation (NASDAQ:HAFC) was the recipient of a significant growth in short interest in the month of October. As of October 13th, there was short interest totalling 1,522,887 shares, a growth of 78.6% from the September 29th total of 852,503 shares. Approximately 4.8% of the shares of the company are short sold. Based on an average daily volume of 125,328 shares, the days-to-cover ratio is currently 12.2 days.
A number of hedge funds have recently bought and sold shares of HAFC. BlackRock Inc. boosted its stake in Hanmi Financial Corporation by 48,878.9% in the 1st quarter. BlackRock Inc. now owns 3,983,942 shares of the bank’s stock worth $122,506,000 after purchasing an additional 3,975,808 shares during the period. FMR LLC boosted its stake in Hanmi Financial Corporation by 16.7% in the 2nd quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock worth $44,855,000 after purchasing an additional 226,110 shares during the period. LSV Asset Management boosted its stake in Hanmi Financial Corporation by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,086,094 shares of the bank’s stock worth $30,899,000 after purchasing an additional 136,400 shares during the period. State Street Corp boosted its stake in Hanmi Financial Corporation by 11.6% in the 1st quarter. State Street Corp now owns 1,014,542 shares of the bank’s stock worth $31,194,000 after purchasing an additional 105,588 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Hanmi Financial Corporation by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,008,836 shares of the bank’s stock worth $57,152,000 after purchasing an additional 95,155 shares during the period. Institutional investors and hedge funds own 88.65% of the company’s stock.
A number of equities analysts have weighed in on HAFC shares. Zacks Investment Research lowered shares of Hanmi Financial Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Keefe, Bruyette & Woods set a $28.00 target price on shares of Hanmi Financial Corporation and gave the stock a “hold” rating in a research report on Saturday, October 7th. Piper Jaffray Companies reiterated a “hold” rating and set a $31.00 target price on shares of Hanmi Financial Corporation in a research report on Friday, October 6th. ValuEngine upgraded shares of Hanmi Financial Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 27th. Finally, BidaskClub lowered shares of Hanmi Financial Corporation from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Hanmi Financial Corporation currently has an average rating of “Hold” and an average price target of $31.00.
Shares of Hanmi Financial Corporation (NASDAQ HAFC) opened at 31.40 on Monday. Hanmi Financial Corporation has a one year low of $23.94 and a one year high of $35.85. The stock has a market capitalization of $1.02 billion, a P/E ratio of 17.74 and a beta of 0.81. The stock has a 50 day moving average of $30.00 and a 200-day moving average of $28.62.
Hanmi Financial Corporation (NASDAQ:HAFC) last announced its quarterly earnings data on Tuesday, October 17th. The bank reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. The company had revenue of $53.74 million during the quarter, compared to the consensus estimate of $53.30 million. Hanmi Financial Corporation had a return on equity of 10.60% and a net margin of 24.54%. During the same period in the previous year, the company posted $0.41 EPS. Equities analysts forecast that Hanmi Financial Corporation will post $1.81 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, October 30th will be paid a $0.21 dividend. The ex-dividend date is Friday, October 27th. This represents a $0.84 annualized dividend and a yield of 2.68%. Hanmi Financial Corporation’s payout ratio is 46.93%.
ILLEGAL ACTIVITY NOTICE: This article was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://www.com-unik.info/2017/10/30/hanmi-financial-corporation-hafc-short-interest-update.html.
About Hanmi Financial Corporation
Hanmi Financial Corporation is the holding company 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 York, Texas, Virginia and Washington.
What are top analysts saying about Hanmi Financial Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hanmi Financial Corporation and related companies.