State Street Corp reduces stake in Hanmi Financial Corp

State Street Corp reduced its stake in Hanmi Financial Corp by 124,364 shares at $24.68 per share, adjusting its total shares to 1,431,890, representing 4.70% of its portfolio. The transaction may have been influenced by market conditions or internal portfolio adjustments. Hanmi Financial Corp's market capitalization is $710.974 million, with a price-to-earnings ratio of 10.98 and a GF Value of $20.40. The bank's financial health and industry performance are characterized by moderate profitability and growth ranks.

State Street Corp, a prominent global custodian and investment servicing firm, recently reduced its stake in Hanmi Financial Corp (NASDAQ:HAFC). The reduction, which totaled 124,364 shares, was executed at an average price of $24.68 per share. This transaction adjusted State Street's total holding in Hanmi Financial to 1,431,890 shares, representing approximately 4.70% of its overall portfolio [1].

The move by State Street Corp could be attributed to various factors, including market conditions or internal portfolio adjustments. Hanmi Financial Corp, with a market capitalization of $710.974 million, has a price-to-earnings ratio of 10.98 and a GF Value of $20.40. The bank's financial health and industry performance are characterized by moderate profitability and growth ranks [1].

Hanmi Financial Corp operates as the holding company for Hanmi Bank, providing a range of business banking products and services in the United States. The company reported quarterly earnings of $0.50 EPS, missing estimates and generating a revenue of $65.21 million, which was short of the consensus estimate of $65.70 million. Despite this, the company announced a quarterly dividend of $0.27 per share, with a dividend yield of 4.6%, scheduled to be paid on August 20th [1].

The latest SEC filing by Connor Clark & Lunn Investment Management Ltd. shows that Hanmi Financial's stock is held by various institutional investors and hedge funds. The company's stock has a consensus rating of "Hold" and a consensus target price of $26.00. Analysts have provided mixed ratings, with some firms boosting their price objectives and others reducing them [1].

Hanmi Financial Corp's stock has seen a recent uptick, trading up 0.9% to $23.81 on Monday, July 2nd, 2025. The company's 50-day moving average is $24.19, and its 200-day moving average is $23.34. The stock has a 12-month low of $17.90 and a 12-month high of $27.59 [1].

Hanmi Financial Corp's ESG (Environmental, Social, and Governance) score is 22.75%, with a strong positive contribution from its societal infrastructure impact. The company's dividend yield is 6.12%, ranking it in the top 25% of dividend-paying stocks. However, its earnings are expected to decrease by -4.60% in the coming year, from $2.61 to $2.49 per share [2].

In summary, State Street Corp's reduction in its stake in Hanmi Financial Corp may be influenced by various factors, including market conditions or internal portfolio adjustments. Hanmi Financial Corp continues to operate with moderate profitability and growth ranks, and its stock has seen recent price appreciation.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-connor-clark-lunn-investment-management-ltd-has-117-million-stock-position-in-hanmi-financial-corporation-nasdaqhafc-2025-08-17/
[2] https://www.marketbeat.com/stocks/NASDAQ/HAFC/