American Century Companies Inc. Has $17.56 Million Stake in Hanmi Financial Co. (NASDAQ:HAFC)

American Century Companies Inc. boosted its holdings in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 13.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 743,466 shares of the bank's stock after acquiring an additional 85,425 shares during the period. American Century Companies Inc. owned 2.46% of Hanmi Financial worth $17,561,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its position in shares of Hanmi Financial by 227.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,076 shares of the bank's stock valued at $25,000 after purchasing an additional 747 shares during the period. Savant Capital LLC grew its stake in Hanmi Financial by 4.4% in the fourth quarter. Savant Capital LLC now owns 18,243 shares of the bank's stock valued at $431,000 after purchasing an additional 776 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in Hanmi Financial by 1.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,303 shares of the bank's stock worth $1,944,000 after acquiring an additional 877 shares in the last quarter. Versant Capital Management Inc lifted its stake in Hanmi Financial by 110.7% in the fourth quarter. Versant Capital Management Inc now owns 1,970 shares of the bank's stock valued at $47,000 after acquiring an additional 1,035 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Hanmi Financial by 4.6% in the 4th quarter. Victory Capital Management Inc. now owns 25,554 shares of the bank's stock valued at $604,000 after acquiring an additional 1,119 shares during the period. Institutional investors own 88.66% of the company's stock.

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Hanmi Financial Stock Performance

HAFC traded down $1.63 during trading on Thursday, hitting $20.99. The stock had a trading volume of 423,635 shares, compared to its average volume of 201,974. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.99. The company has a 50 day moving average price of $23.30 and a 200-day moving average price of $22.98. Hanmi Financial Co. has a one year low of $14.45 and a one year high of $27.59. The firm has a market cap of $633.81 million, a price-to-earnings ratio of 10.24 and a beta of 0.87.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $0.05. Hanmi Financial had a return on equity of 8.64% and a net margin of 14.45%. As a group, research analysts predict that Hanmi Financial Co. will post 2.6 EPS for the current year.

Hanmi Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, February 10th were paid a dividend of $0.27 per share. The ex-dividend date was Monday, February 10th. This is a boost from Hanmi Financial's previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 5.15%. Hanmi Financial's dividend payout ratio is presently 52.68%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HAFC. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $29.00 price target (up previously from $24.00) on shares of Hanmi Financial in a report on Wednesday, December 4th. DA Davidson reaffirmed a "neutral" rating and set a $27.50 price target on shares of Hanmi Financial in a report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.75.

Hanmi Financial Profile

Hanmi Financial Corporation operates as the holding company for Hanmi Bank that provides business banking products and services in the United States. It offers various deposit products, including noninterest-bearing checking accounts, savings accounts, negotiable order of withdrawal accounts, money market accounts, and certificates of deposit.