The stock last traded at $31.40 which is a tad above the 50 day moving average which is $29.53 and marginally over the 200 day moving average of $28.55. The 50 day moving average was up $1.87 whereas the 200 day average was up by +9.98%. (NASDAQ:HAFC) shares saw light trading volume with 115K shares changing hands in the last trading session. Overall, volume was down 15.41% under the stocks normal daily volume.
Short traders are feeling a little more bullish on shares of the company of late considering the change in short interest. The stock saw a fall in short interest of -43.53% as of September 29, 2017 from the last reporting period. Short interest fell 657,271 over that period. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.03% as of September 29.
The following firms have recently changed their position in HAFC. As of quarter end Louisiana State Employees Retirement System had sold a total of 100 shares trimming its holdings by 0.8%. The value in dollars went from $376,000 to $405,000 increasing 7.7% quarter to quarter. As of the end of the quarter Fisher Asset Management, LLC had disposed of 13,966 shares trimming its position 15.8%. The value of the investment in Hanmi Financial Corporation decreased from $2,517,000 to $2,306,000 a change of $211,000 quarter over quarter.
As of the end of the quarter Bank Of Montreal /can/ had sold 272 shares trimming its stake by 99.6%. The value of the total investment in Hanmi Financial Corporation went from $8,000 to $0 a change of 100.0% for the reporting period. As of quarter end Mutual Of America Capital Management LLC had disposed of 8,520 shares trimming its position 7.3%. The value of the company’s investment in Hanmi Financial Corporation increased from $3,302,000 to $3,328,000 a change of 0.8% since the last quarter.
The company is so far trading unchanged by 0.00%% since yesterday’s close of 31.40. Hanmi Financial Corporation also recently declared a dividend which will be paid on Monday the 20th of November 2017. The dividend payment will be $0.210 per share for the quarter or $0.84 on an annualized basis. The dividend yield will be $2.71. The ex-dividend date will be on Wednesday the 26th of July 2017.
Hanmi Financial Corporation’s P/E ratio is 17.74 and the market cap is 1.02B. In the last earnings report the EPS was $1.77 and is expected to be $1.81 for the current year with 32,413,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.45 with next year’s EPS projected to be $1.98.
Hanmi Financial Corporation, launched on March 14, 2000, 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 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 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..