Keeley Teton Advisors LLC Sells 15,965 Shares of Hanmi Financial Corporation (HAFC)

Keeley Teton Advisors LLC lessened its position in Hanmi Financial Corporation (NASDAQ:HAFC) by 3.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 451,184 shares of the bank’s stock after selling 15,965 shares during the quarter. Keeley Teton Advisors LLC owned approximately 1.39% of Hanmi Financial worth $13,964,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in HAFC. FMR LLC raised its position in Hanmi Financial by 16.7% in the 2nd quarter. FMR LLC now owns 1,576,609 shares of the bank’s stock valued at $44,855,000 after buying an additional 226,110 shares during the last quarter. LSV Asset Management raised its position in Hanmi Financial by 14.4% in the 2nd quarter. LSV Asset Management now owns 1,086,094 shares of the bank’s stock valued at $30,899,000 after buying an additional 136,400 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Hanmi Financial by 5.0% during 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 last quarter. Vanguard Group Inc. increased its position in shares of Hanmi Financial by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,661,914 shares of the bank’s stock worth $51,104,000 after purchasing an additional 83,123 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of Hanmi Financial during the 2nd quarter worth approximately $1,836,000. 90.51% of the stock is currently owned by institutional investors and hedge funds.

Hanmi Financial Corporation (NASDAQ:HAFC) opened at $31.05 on Thursday. The firm has a market capitalization of $1,016.03, a P/E ratio of 17.42, a price-to-earnings-growth ratio of 2.17 and a beta of 0.78. Hanmi Financial Corporation has a 1 year low of $25.45 and a 1 year high of $35.85. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.00 and a current ratio of 1.00.

Hanmi Financial (NASDAQ:HAFC) last posted its quarterly earnings results on Tuesday, October 17th. The bank reported $0.46 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The firm had revenue of $53.74 million for the quarter, compared to analyst estimates of $53.30 million. Hanmi Financial had a return on equity of 10.60% and a net margin of 24.54%. During the same quarter in the previous year, the firm earned $0.41 EPS. sell-side analysts forecast that Hanmi Financial Corporation will post 1.81 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, October 30th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, October 27th. This represents a $0.84 annualized dividend and a dividend yield of 2.71%. Hanmi Financial’s dividend payout ratio is currently 46.93%.

HAFC has been the topic of several recent analyst reports. BidaskClub lowered Hanmi Financial from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research raised Hanmi Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. ValuEngine lowered Hanmi Financial from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $31.00 price target on shares of Hanmi Financial in a research report on Friday, October 6th. Finally, Keefe, Bruyette & Woods set a $28.00 price target on Hanmi Financial and gave the stock a “hold” rating in a research report on Saturday, October 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $31.00.

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Hanmi Financial Profile

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.

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Institutional Ownership by Quarter for Hanmi Financial (NASDAQ:HAFC)

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