Invesco Ltd. Buys 208,463 Shares of Hanmi Financial Co. (NASDAQ:HAFC)

Invesco Ltd. boosted its stake in shares of Hanmi Financial Co. (NASDAQ:HAFC - Free Report) by 106.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 403,586 shares of the bank's stock after buying an additional 208,463 shares during the quarter. Invesco Ltd. owned approximately 1.34% of Hanmi Financial worth $9,533,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Hanmi Financial by 71.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 836,145 shares of the bank's stock valued at $15,552,000 after purchasing an additional 349,339 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in shares of Hanmi Financial in the 4th quarter worth $4,262,000. American Century Companies Inc. increased its position in shares of Hanmi Financial by 13.0% during the fourth quarter. American Century Companies Inc. now owns 743,466 shares of the bank's stock worth $17,561,000 after acquiring an additional 85,425 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Hanmi Financial in the fourth quarter valued at approximately $1,652,000. Finally, Prudential Financial Inc. boosted its holdings in Hanmi Financial by 53.3% during the 4th quarter. Prudential Financial Inc. now owns 182,031 shares of the bank's stock worth $4,300,000 after acquiring an additional 63,300 shares during the last quarter. Institutional investors own 88.66% of the company's stock.

Hanmi Financial Stock Performance

Shares of HAFC stock traded down $0.48 on Friday, hitting $22.74. 120,889 shares of the stock were exchanged, compared to its average volume of 205,536. The firm has a market capitalization of $687.16 million, a PE ratio of 11.09 and a beta of 0.68. Hanmi Financial Co. has a one year low of $14.95 and a one year high of $27.59. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.54. The firm's 50 day moving average is $22.28 and its two-hundred day moving average is $23.30.

Hanmi Financial (NASDAQ:HAFC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The bank reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Hanmi Financial had a net margin of 14.45% and a return on equity of 8.64%. The company had revenue of $62.82 million for the quarter, compared to analyst estimates of $63.45 million. Sell-side analysts expect that Hanmi Financial Co. will post 2.6 earnings per share for the current fiscal year.

Hanmi Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Monday, May 5th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.75%. Hanmi Financial's dividend payout ratio (DPR) is currently 50.70%.

Analyst Ratings Changes

Separately, DA Davidson reaffirmed a "neutral" rating and issued a $27.50 target price on shares of Hanmi Financial in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $25.75.

About Hanmi Financial

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.