( ) was the subject of a significant increase in short interest during April. On April 30, there were 688,500 shorted shares. This is an increase of 5.4% compared to the total of 653,500 on April 15. Around 2.3% of the stock is sold short. The short-interest rate is currently 3.0 days based on a daily average of 227 300 shares.
Hanmi Financial Stock Performance
During the midday session on Monday, a share of NASDAQ traded at $14.12 and gained $0.35. The company's average trading volume is 208,726 shares, but 140,956 of its shares were traded. The fifty-day moving price of the stock is $17.82, and its 200 day moving price is $22.36. Hanmi Financial's one-year low is $13.35 while its one-year high is $27.35. The company's quick ratio is 1.00, its current ratio is 1.00, and it has a debt to equity ratio of 0.72. A quarterly dividend was also declared by the business, and will be paid out on May 24th. Dividends of $0.25 will be paid to shareholders who were registered on the 8th of May. This is a $1.00 annualized yield and represents a dividend of $0.25 per share. Ex-dividend day is Friday, 5th May. Hanmi Financial has a dividend payout ratio of 29.76%.
Insiders Bet on the Future
Harry Chung, the director of the company, acquired 3,000 shares in a transaction on Thursday, 4th May. The stock was purchased at a price of $14.06 a share with a value of $42,180.00. After the acquisition was completed, the director owns directly 26,102 shares in the company, worth approximately $366.994.12. Insiders control 1.44% the stock of the company.
Hanmi Financial Institutional Trading
Recently, hedge funds bought and sold the stock. Healthcare of Ontario Pension Plan Trust Fund acquired a new holding in shares of Hanmi Financial during the third quarter, valued at approximately $1,433,000. Versor Investments LP increased its holdings in Hanmi Financial shares by 51.1% during the fourth quarter. Versor Investments LP owns now 13,300 shares valued at $329,000, after acquiring 4,500 additional shares during the last quarter. Thrivent Financial for the Lutherans increased its holdings in Hanmi Financial shares by 1.6% during the third quarter. Thrivent Financial for Lutherans owns 613.703 shares valued at $14.533,000, after acquiring 9,591 additional shares during the last quarter. Algert Global LLC increased its holdings in Hanmi Financial shares by 43.9% during the third quarter. Algert Global LLC owns 101.608 shares worth $2.406,000 of the bank stock after purchasing an additional 31.007 shares during the last quarter. Martingale Asset Management L P increased its holdings in Hanmi Financial shares by 27.9% during the third quarter. Martingale Asset Management L P owns now 67,317 of the bank’s stock valued at $1,595,000, after purchasing an additional 14,700 in the last quarter. Institutional investors hold 88.75% the stock of the company.
Analyst Upgrades and downgrades
Several brokerages have recently commented on HAFC. Jonestrading reiterated a "buy" rating and set a price target of $29.00 on Hanmi Financial shares in a report published on Wednesday, 25th January. Hanmi Financial was the subject of a report published on Thursday 16th March. The company was given a rating of 'hold'. Keefe, Bruyette & Woods reduced their price target for Hanmi Financial in a report published on Thursday, 6th April from $28.00 down to $23.00. They also assigned the company a market perform' rating.
Hanmi Financial Corp., a holding firm that provides commercial banking and financial service, is an example of a company engaged in this business. The company offers checking, savings and money markets, as well as treasury and loan management. The company was established in 1982 with its headquarters in Los Angeles.
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